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Best tax software for 2021: TurboTax, H&R Block, Jackson Hewitt and more compared News 

Best tax software for 2021: TurboTax, H&R Block, Jackson Hewitt and more compared

As far as we know, we’re less 90 days away from the 2021 income tax deadline. Though the tax filing deadline in 2020 was extended from April to July due to the coronavirus, the traditional deadline, April 15, will return this year. Unless the IRS calls another audible, that’s the date that you’ll need to file your individual tax return by.

It’s evergreen advice — but for 2021, it’s truer than ever: It will be worth your time to get an early start on your tax return. For many, this year’s tax return will involve multiple new complexities. Between unemployment insurance claimsstimulus check income and lockdown-driven changes in residence, there are lots of new issues — all of which could have a significant tax impact — that will make this year’s filing process different, and more complicated, than previous years.

The IRS has not yet announced the specific date that it will begin accepting returns in 2021. Based on previous years, however, you can expect your 2021 refund to arrive somewhere between one week after filing (if you e-file with direct deposit set up) and two months (if you mail in your forms and choose to get a check). And if you were one of the 9 million people who never received all or part of their stimulus checkyou can still claim that money on your tax return next year.

Some good news: There are plenty of tax preparation software packages that will make the filing process easier. For frugal taxpayers or those with a super simple return, there are several free or low-cost options that will get the job done without a professional tax preparer. And if your tax situation is more complicated, or you just want to make sure you’re not leaving any money on the table, there are a handful of capable, reasonably priced tax prep platforms that can help simplify what can be an overwhelming process. Check out our top picks below…Read more>>

Source:-cnet

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