TaxAct and TurboTax are two popular tax programs in America. They can help you file taxes. This post from MiniTool Partition Wizard talks about TaxAct vs TurboTax and then you can choose one from them.
TaxAct vs TurboTax: Price
TaxAct and TurboTax have online editions and offline editions and their prices are also different.
TurboTax vs TaxAct Online
| TaxAct | TurboTax | |
| Free | $0 + $39.95 per state filed | $0 |
| Deluxe | $46.95 + $54.95 per state filed | $59 + $49 per state filed |
| Premier | $69.95 + $54.95 per state filed | $89+ $49 per state filed |
| Self-Employed | $94.95 + $54.95 per state filed | $119+ $49 per state filed |
TurboTax vs TaxAct Software
| TaxAct | TurboTax | |
| Basic | $39.95 + $50 per state filed | $50 + $45 per state filed |
| Deluxe | $119.95 + 1 state return included | $80 + 1 state return included |
| Premier | $129.95 + 1 state return included | $110 + 1 state return included |
| Self-Employed / Home & Business | $139.95 + 1 state return included | $120 + 1 state return included |
In terms of price, if you use the online editions, TaxAct is better, but if you use the offline editions, TurboTax is better (except for the Basic edition). In addition, TaxAct’s fees are always fixed, while TurboTax’s fees will increase in price (no discounts) towards the end of the tax season.
What’s the difference between online editions and offline editions? The biggest difference is that the offline editions usually include five free federal e-files while the online editions only have one federal e-file. In addition, the offline editions include 1 state return while the online editions don’t.
Therefore, offline editions are more expensive. But if you need to prepare multiple tax returns for friends and family, offline editions are a better value.
TaxAct vs TurboTax: Features
If you want to know the feature comparison between TaxAct and TurboTax, you can see the following table.
| TaxAct | TurboTax | |
| Free / Basic |
|
|
| Deluxe | Ideal for homeowners and those who need to consider childcare expenses, student loan payments, deductions, credits, and adjustments. |
|
| Premier | Good for investors who need to report capital gains and losses and those who have sold a home or own a rental property. | Deluxe version plus investment reporting and rental income (Schedules D and E, and K-1s). |
| Self-Employed / Home & Business |
| Premier version plus business income, expenses on a Schedule C, home office deductions, and features for freelancers. |
Bottom Line
Are you interested in MiniTool Partition Wizard? This software can help you clone the system, manage disks better, and recover data. If you have this need, you can download it from the official website.
About The Author
Position: Columnist
Linda has been working as an editor at MiniTool for 5 years. She is always curious about computer knowledge and learns it crazily. Her articles are simple and easy to understand. Even people who do not understand computer can gain something. By the way, her special focuses are disk management, data recovery and PDF editing.