Online Tax Prep Cost Comparison

Posted on 03/08/2010

Despite a complicated tax code that is close to 14,000 pages long, 40 percent of Americans choose to complete their own tax returns. So while six out of ten would rather hire a tax preparer, those who opt for the do-it-yourself route may end up getting a little help from online tax prep software. Here is the cost comparison of top online tax prep services - but don't forget, you can save even more by checking out the deals at the UltimateCoupons Tax Coupons page!

Turbo Tax - According to Turbo Tax, more people used their services to file federal returns last year than all other consumer tax software combined. If you’re filing a 1040EZ return, that’s free at The next levels of service range from $29.95 to $74.95 for federal returns, and state returns cost either $27.95 or $36.95 depending on which edition you use. Some of the perks of Turbo Tax include free audit support, access to quick help if you have questions, and 350 deductions covered. Plus, if you get a bigger refund using any other tax preparation method, Turbo Tax will give you your money back.

H&R Block At Home - H&R Block also offers free filing for basic tax situations. There are three other e-file products that range from $29.95 to $79.95 for federal returns. State returns are extra. With H&R Block you will also get free live advice from tax professionals and the biggest refund guaranteed. Just like Turbo Tax, H&R Block will give you your money back if you find another online tax prep method that results in a larger refund.

TaxACT - Not only does TaxACT offer a free federal edition, but other packages start at a much lower price. Other e-filing products range from $9.95 to $17.95 and fees are paid when you file. TaxACT also offers free guidance from tax specialists via phone or email at no extra cost.

OnePrice Taxes - There aren’t a variety of products at OnePrice Taxes. Federal tax returns are $7.95. State tax returns are $7.95. Or if you want to knock out both it will cost you $14.95. The site has a 100% accuracy guarantee so if you find a mistake they’ll refund your service fee.

CompleteTax - CompleteTax says its' software is the number one choice of CPAs and tax professionals. As far as price, there is a free version for simple tax returns, and the basic version starts at $9.95. For more complicated returns that involve investment income or for people who are business owners, the cost will range from $29.95 to $49.95 for federal returns. Free support is available by email or you can pay $4.95 to chat live online with a tax program expert. For a small convenience fee you can pay your federal or state taxes by debit or credit card.

By Alison Storm

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* Hot deals expire quickly. This deal may no longer be valid.

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