Free tax software available for Coloradans earning less than $73,000 |
DENVER (KDVR) — Tax season is here and if you’re having trouble deciding which tax software or app you should go with, don’t worry. Problem solvers have you covered.
Experts say which tax software to use really depends on your situation. The thing is, the best fit for you may be different from the best fit for your friend.
Here’s what the personal finance experts at NerdWallet shared:
If your situation is relatively straightforward, analysts recommend software from H&R Block.
This is because it can earn you income, interest on student loans, dividends; many things that most people need. With H&R Block, there is a paid version and a free version.
The same goes for NerdWallet’s next suggestion: TurboTax.
NerdWallet suggests this software to any Coloradan who would like a little more support.
“The best overall tax software we recommend is TaxAct. It has both paid and free versions, but one of the reasons we say it’s so useful for people is that it offers a free professional exam no matter which version you select. So that can give you some peace of mind,” said Kimberly Palmer, personal finance expert at NerdWallet.
There is one thing to keep in mind: with all of these tax software, you also have the option of purchasing add-ons.
There is also additional free software available to anyone earning less than $73,000 per year through the IRS website.
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