What is the best way to use TaxAct for tax preparation?

TaxAct offers a free federal tax filing option for simple tax returns, including income from W-2s, retirement, and unemployment benefits.

The TaxAct Xpert Assist feature provides on-demand access to tax experts who can answer questions and provide guidance throughout the tax filing process.

TaxAct guarantees the maximum refund and accuracy of your tax return, and will pay up to $100,000 if their calculations are incorrect.

While TaxAct's interface may not be as polished as TurboTax, it is generally 21-32% less expensive for comparable tax filing packages.

TaxAct's Deluxe package includes advanced features like importing prior year returns, calculating capital gains/losses, and optimizing deductions - all for under $140.

The TaxAct mobile app allows users to file their taxes from anywhere, snap photos of tax documents, and track the status of their return.

TaxAct uses advanced AI-powered technology to automatically detect eligible deductions and credits, potentially uncovering more ways to maximize your refund.

For self-employed individuals, TaxAct's Premier package includes features like quarterly estimated tax payment calculations and the ability to report multiple sources of income.

TaxAct's "double check" feature reviews your return for errors and omissions before you file, providing an extra layer of quality assurance.

The software automatically imports tax information from W-2s, 1099s, and other common forms, reducing manual data entry.

TaxAct provides step-by-step guidance and explanations throughout the filing process to help users understand complex tax concepts.

Users can file both federal and state returns through TaxAct, with state filing costs typically ranging from $19.95 to $49.95 per state.

TaxAct's "Refund Reveal" feature estimates your potential refund amount as you progress through the filing process.

The software supports a variety of tax situations, including rental income, investments, small business, and self-employment.

TaxAct offers an "Audit Defense" add-on service that provides representation in the event of an IRS audit, for an additional fee.

The company's user support includes online chat, email, and a robust knowledge base of tax-related articles and FAQs.