TurboTax Self-Employed Review 2023: Features & Pricing

Description of benefits and details at hrblock.com/guarantees. Federal pricing will vary based upon individual taxpayer circumstances and is finalized at the time of filing. Quarterly estimated taxes – Again an employee-employer comparison is helpful here.

TheIRS adjusted the standard mileage rate mid-year because of high gas prices. Just keep good records of the dates and miles you drive for work and keep in mind that driving for personal trips or errands is not considered business use of the vehicle. Sometimes, it’s possible to do the Federal return with software and to file your state return on paper.

TurboTax Self-Employed Review: A Leader for Good Reason

The vertical pane that opens articles and FAQs might answer your question right away or might not, because it doesn’t always prioritize the best or most sought answers. When you click the question mark link at the top of a page, the TurboTax Assistant opens in the right pane. It’s an interactive tool that lets you enter a question and see links to corresponding FAQs and other site-related information. It converses with you in a friendly manner and walks you through your query until you’re satisfied or need to call for help. H&R Block Self-Employed has a similar tool, as well as phone support, where both English and Spanish speakers are available to help.

There are other great services to consider, though, so make sure to shop around. Check out our list of thebest tax filing software, as well as thebest free online tax software. The two Deluxe options are the same in terms of price, but TurboTax’s Deluxe option supports how much is turbotax self-employed 2020 more forms that self-employed, freelance and contract workers may need. Both services are user-friendly but TurboTax is slightly simpler with more straightforward language. H&R Block and TurboTax both offer a free option for filers with simple returns.

How to file taxes online

Self-employed individuals, on the other hand, have to calculate and pay these taxes themselves. You — and thousands of taxpayers like you — are learning how to navigate 1099 taxes. And that starts with figuring out how much self-employment tax you have to pay. Tier packages increase in cost according to the complexity of the return and the services needed.

Terms and conditions apply; seeAccurate Calculations Guaranteefor details. Free Worry-Free Audit Support is available only for clients who purchase and use H&R Block desktop software solutions to prepare and successfully file their 2022 individual income tax return . It does not provide for reimbursement of any taxes, penalties, or interest imposed by taxing authorities and does not include legal representation.

When can I start filing taxes for 2023?

Plus, we’ll cover important elements of independent contractor taxes, such asself-employment tax, quarterly estimated tax payments, and independent contractor tax deductions. TaxAct E-File Concierge™ service provides phone calls and related support regarding federal e-file status changes using the phone number provided in My Account. Service is subject to availability and limited to federal e-filed tax returns. As mentioned, both services offer a free option, covering simple returns. You can also file some additional schedules and forms with this option. However, H&R Block does cover more forms and schedules with its free option.

The entire app, in fact, works like its desktop counterpart. Internal informational and data-entry pages are easy to understand and use, and an icon at the bottom takes you to a storage area where you can upload your tax documents for safekeeping. It has the same tax topics as the browser-based version, so you can prepare and file even a complex return from your phone. Next, I was asked a few questions about my business and its structure that hadn’t been addressed earlier.

If you’re getting a refund

And, yes, she’s done head-to-head tax-software comparisons. She’s also one of the 34% of Americans who actually enjoy doing their taxes. Kaitlyn Wells is a senior staff writer covering the intersection of home office, productivity, and technology. Previously, she ttps://turbo-tax.org/ focused on pets and personal style for Wirecutter. She’s also written about personal finance topics for The Simple Dollar, MarketWatch, MSNMoney, and The Wall Street Journal, among others. TurboTax and H&R Block are two of the most well-known tax-filing services.

• Choose the cheapest option, TurboTax Self-Employed, if you want to do it yourself .
• As a self employed individual, you are required to pay federal incomes taxes, Social Security, and Medicare taxes on your own, either through quarterly estimated tax payments or when you file your tax return.
• No in-person filing option — Rivals like H&R Block give the option of filing your return in person.
• This is generally true for both desktop and mobile users.
• Many people stress about filing taxes, but there are a number of tax filing services to make the process easier.

We may receive a commission if you sign up or purchase through links on this page. To change your address on file, refer to the IRS Procedures guidance, How to notify the IRS my address has changed. Find what you need to get started, your protections and security, available forms and more about IRS Free File below. This is the gear and the strategies we at Wirecutter use to move from a paper-based home office to an all-digital filing and storage system. Melanie Pinola previously covered all things home office as a senior staff writer at Wirecutter.

TurboTax also offers Live Full Service, which does away with tax software altogether. Instead, you upload your tax documents and a human puts together your tax return. You’ll be matched with a tax preparer, meet on a video or phone call before they begin working, and then you’ll meet again when your return is ready for review. The preparer files the return for you, and if you choose to use Full Service next year, you can even request to work with the same tax pro if they’re available.

If you don’t have your forms on hand, you can auto-import your info from your W–2s or 1099s directly from more than a million participating employers and financial institutions. Importing your Uber and Lyft rideshare tax data summary is a breeze. You can directly upload your food delivery income and expenses from UberEats. «TurboTax was very easy to use. I have both a full time job, and also am self-employed with one independent contractor that I pay. I was able to just plug in the numbers and go.»