Is TaxSlayer Really Free?
Filing your tax returns every year can be a stressful process, especially when it comes to choosing a tax-filing service that suits your needs without breaking the bank. One of the top contenders in this regard is TaxSlayer, but are their services truly free? In this article, we will discover the truth behind TaxSlayer’s free service and help readers determine if it’s the right choice for them.
Discovering the Truth: Is TaxSlayer Actually Free?
TaxSlayer offers a variety of services for its users. While some of their products have a cost, including a self-employed version and options specifically for business owners, their classic version is free. This product allows users to file both federal and state taxes for free. TaxSlayer’s free service also includes their “Simply Free” option, which is available for those who claim the standard deduction.
So what can you expect with TaxSlayer’s free version? With this option, users can:
- File your federal 1040EZ/A for free.
- File your state taxes for free.
- Claim credits like the Earned Income Tax Credit (EIC), Child Tax Credit, and education credits.
- Get assistance with simple tax situations like free phone and email support.
Unfortunately, with TaxSlayer’s free version, some limitations exist. For example, users are not offered audit defense and have limited access to customer support. Additionally, the service is not available for complex tax situations with extended form filing requirements or self-employed businesses.
Compared: TaxSlayer vs. Other Free Tax-Filing Services
Despite its restrictions, TaxSlayer can compete with other free tax-preparation services such as H&R Block, TurboTax, and Credit Karma Tax. Both H&R Block and TurboTax offer free services that include the federal and state returns for simple tax returns.
One unique feature of TaxSlayer that sets it apart is the availability of an ad-free mobile application for its users, allowing for more convenient tax-filing.
5 Reasons Why TaxSlayer Could be the Best Free Tax-Filing Service for you
Now that we know about TaxSlayer’s features and how it compares to other free tax-filing services, let’s explore why it could be the best option for you.
- Customer Support – TaxSlayer’s service offers phone and email support from 9 AM to 7 PM EST. Additionally, they provide in-person consultation options for more complex tax situations.
- User-friendly Interface – TaxSlayer’s user interface is straightforward and streamlined to minimize interruptions and ensure smooth navigation.
- Maximum Refund Guarantee – TaxSlayer guarantees to maximize taxpayers’ refunds through its filing services.
- Audit Defense – Although not available for free users, TaxSlayer’s paid services offer a feature called Audit Defense, which provides taxpayers with representation and support from a tax expert if they are audited by the IRS.
- TaxSlayer’s “Simply Free” Option – If you claim the standard deduction, you can file both federal and state taxes using TaxSlayer’s Simply Free option without any cost.
How to Make the Most of TaxSlayer’s Free Features
When using TaxSlayer’s free service, remember the following tips to get the most out of the features provided:
- Claim eligible Tax Credits – TaxSlayer’s free version allows users to claim eligible tax credits such as the EIC, Child Tax Credit, or education credits.
- Double-check your entries – Since TaxSlayer’s free service does not come with a personal review from a tax expert, it’s essential to double-check all entries before filing to avoid any mistakes.
- File before the deadline – Not filing your tax returns on time can lead to significant fines and penalties. TaxSlayer’s free services help to streamline the filing process, giving users ample time before the deadline to submit their returns.
The Pros and Cons of Using TaxSlayer’s Free Service
It’s essential to consider the advantages and limitations of TaxSlayer’s free service before committing. Below is a list of potential upsides and downsides:
Pros:
- Free tax preparation and filing services.
- Simple navigation and user-friendly interface.
- Option to file both federal and state taxes using ‘Simply Free’ services.
- Maximum refund guarantee and audit defense services for paid users.
Cons:
- Service limitations for complex tax situations that require extended forms or self-employed businesses.
- Not as comprehensive customer support compared to paid tax preparation services.
- No personal review or expert advice available for free services.
The Ultimate Guide to Using TaxSlayer’s Free Tax-Filing Service
To get started with TaxSlayer’s free service, follow these simple steps:
- Create an account on TaxSlayer’s online interface or mobile application.
- Input your personal and tax-related information in the software.
- Select the right tax forms based on your tax situation.
- Determine the eligibility of tax credits and deductions that are applicable to your situation.
- Double-check and review your entries before submitting your returns.
- Use TaxSlayer’s online refund calculator to estimate your tax refund for the year.
Conclusion
Choosing the right tax-filing service for you may require research and trial-and-error. However, by making a well-informed decision on TaxSlayer’s free services and features, you can have peace of mind come tax day. With its straightforward user interface, customer support, and unique features like its “Simply Free” option, TaxSlayer could be the best-suited option for you if your tax situation is simple.
We hope this article has provided readers with helpful insights into TaxSlayer’s free tax-filing service. Remember to double-check entries, use the TurboTax refund calculator, and file your taxes before the deadline. For more information about tax filing, feel free to explore our related articles.
