Tax Day 2022 Deadline: What Tax Software To Use To File Taxes?

Tax Day 2022 is finally here, whether you like it or not.

April 18 is the final day in America to file taxes, and trust us, you don’t want the Internal Revenue Service running after you.

However, filing taxes isn’t the most joyful of activities nor is it the easiest. It’s confusing, hardly hassle-free and not something that people look forward to doing. Unfortunately, not filing your taxes will lead to a civil offense, so you should have it all sorted on time.

Luckily for you, there are now online tax software that can pretty much guarantee that you’ll get the right deductions and returns without worrying about tedious forms and paperwork.

Just in case you’re still not ready for Tax Day 2022, which tax software should you get? Here’s how H&R Block can help you.

How to File Your Taxes

If filling your income tax return overwhelms you, just take it one step at a time to avoid any mistakes. Here are the steps to follow:

1. Watch your income – Your tax return is based on your income level. If you have multiple jobs, make sure you total your income from all your employers. Don’t forget to include income from other sources as well, like investments.

2. Save the right paperwork – You should receive these forms during January or February. If you work full-time, you will receive a Form W-2, while freelancers may receive a Form 1099-NEC. There are also forms for dividends or interests (Form 1099-DIV), student loan interest (Form 1098-E), etc.

3. Learn which credits and deductions you can take – Doing so can help you put together the right documentation. Some examples are saver’s credit, student loan interest, charitable deductions and freelance expenses. You may check the IRS website to see whether you qualify for any.

4. Mind your deadlines – Once your tax documents arrive in January or February, you have two months to prepare your returns. As such, make sure you plan when to start and make sure that you don't miss the deadline.

5. Decide how you file your taxes – Last but not least, decide how you want to file your returns. There are several options -- you can go for a tax preparer, IRS online forms, a “free file” from the IRS, or use a tax preparation software, which is the easiest option.

Best Tax Software

In case you decide to use a tax preparation software to file your returns, then you’d be pleased to know that there are plenty of options that you can use to make things easier. For this we recommend H&R Block.

Since it was launched, H&R Block has helped prepare more than 800 million tax returns, employing more than 80,000 tax professionals who have gone through at least 60 hours of training and a six-level certification program. What’s more, there’s also an H&R Block that’s located within five miles of most Americans.

The pandemic also saw H&R Block take proactive steps to ensure that they are able to offer the same level of tax support via their online services.

This means that when it comes to tax filing and other related tasks, you can trust H&R Block to be the expert, whether it’s through their step-by-step site guidance or a variety of available features to help you maximize your returns. It even explains concepts as you move forward with the filing process, ensuring that you keep track of where you are.

H&R Block Tax Software

Filing taxes don’t have to be confusing, H&R Block Software has a clean and simple interface to make filing simple and straightforward. It also explains all the concepts as you go, ensuring that you don't get confused.

Should you wish to learn more during the process, the website has links that lead to valuable information. You also have the option to use the chat support portal for additional assistance.

Some of the features you can enjoy while using H&R Block include:

• Switching from one provider to another with ease
• Donation calculator
• Auto-import
• Platform mobility
• Step-by-step guidance
• Tax return storage
• Accuracy guarantee
• Free audit support

Pricing and Free Version

If you want to save money, then H&R Block’s free version lets you file your Form 1040, take your earned income tax credit and reconcile the advance child tax credit. It also lets you claim any missing stimulus payment, handle unemployment income and file Schedules I and 3 of Form 1040.

If you want to use their services, H&R Block’s smartphone app makes it very easy to do so.

Should you want to take full advantage of all the features the software has to offer, pricing is at:

• Deluxe - $44.99 (+$44.99 per state filed)
• Premium - $69.99 (+$44.99 per state filed)
• Self-employed - $109.99 (+$44.99 per state filed)

Conclusion

With Tax Day finally here, knowing what to do and how to go about it will help eliminate any potential headaches you may encounter while filing your returns.

H&R Block makes the process much easier, while remaining very affordable and user-friendly. Click here to learn more about H&R Block.