Why an accountant? That’s not exactly the frugal choice for tax prep, you may be thinking. Well, you see, my husband and I have a small business, which we incorporated. This had numerous advantages, but the one BIG disadvantage is that our business tax returns are a huge, hairy deal. Which means… we hire an accountant.
She’s great and we’re lucky to have her. But every year, I do toy with the idea of doing our personal returns myself once she finishes the business return – especially since there are so many great (and FREE!) tax prep programs out there.
I jumped online to check out both of them. While I’m obviously NOT an accountant (nor do I play one on this blog), I do like how incredibly intuitive and user-friendly the software is.
And Turbo Tax in particular has earned high praise for speed and accuracy in several online reviews. Another great thing about Turbo Tax is that it’s free to file your state return as well in AL, AR, AZ, GA, ID, IA, KY, MA, MI, MN, MO, MS, NY, ND, NC, OK, OR, RI, SC, VT, WV. Otherwise, adding a state return will cost $9.95 – still a bargain in comparison to some of the other free tax software. (H&R Block is $27.95 for each state return.)
If you have a more complicated return, but still want to prep and efile yourself, you can find plenty of sales on “deluxe” tax prep software over the next few weeks. Right now, for example, Target has its H&R Block software on sale – plus there is a gift card offer and Target.com coupon to better your savings.
H&R Block Deluxe – $39.99, Get $5 Gift Card
Use $10/1 H&R Software Target Printable Coupon
= $24.99 after sale, coupon & gift card
Do you do your own taxes? Or do you pay an accountant? (Maybe you ARE an accountant!) If you go it yourself, do you use free tax prep software, or are you a hardcore DIYers, with a pencil and calculator by your side?