![]() Banks continue to debut new, benefits-packed credit cards with large sign-up bonuses worth potentially thousands of dollars, and some existing rewards credit cards have added perks or improved their welcome offers.īut not all of us qualify for those cards for reasons like a low credit score or a significant amount of debt. The best credit cards available nowadays have never been more exciting. You can see all your login history and get email notifications about your account, helping to keep you informed and on top of your information.Show Pros, Cons, and More chevron down icon An icon in the shape of an angle pointing down. It also uses SSL encryption to submit your returns and store your data electronically. TurboTax offers multifactor authentication and touch ID to safeguard every sign in. To do so with peace of mind, you want to opt for tax-prep software that stores that information safely. Trustworthy Security Practicesįiling your taxes means entering sensitive information online. If you use a different tax-prep method and get a larger refund or smaller amount due, TurboTax will refund what you paid. The company also guarantees that the IRS will provide your maximum refund when you use TurboTax software to file. Experienced tax pros help people prepare and walk them through every step of an audit. TurboTax also gives users free audit guidance. It also includes free audit defense, which connects users with a tax preparation professional in case of IRS or state audits. Credit Karma Tax reimburses people up to $1,000 for any penalties or interest levied against them due to calculation errors. Maximizing Your RefundĬredit Karma Tax and TurboTax both provide a guarantee that the software calculations will be correct. ![]() With this service, you also have access to a tax pro who can review the return to make sure you haven’t missed any potential deductions. This gives you the option to speak with tax professionals on-demand to get guidance when you need it. Photo Courtesy: TurboTax/YouTubeįor taxpayers who want a little extra help, TurboTax provides a TurboTax Live option for an additional fee. Both provide a simple way to search for forms you need, and they offer guidance throughout the process to help you make sure you’re filling out what you need to. Both options are created by longstanding software companies that built intuitive guidance into the programs’ interfaces. On this point, Credit Karma and TurboTax are evenly matched. Considering the Ease of UseĬhoosing tax-prep software that’s easy to use is the key to getting everything ready and submitted with minimal stress and frustration. Credit Karma Tax is free for filing all state and federal tax returns, even for those who are reporting business income, taking deductions or claiming credits. There’s also a deluxe edition for those who want to maximize their deductions and credits, a premier version for anyone with rental property and investments and a self-employed edition for people with personal and business income and expenses to report. Photo Courtesy: Michael Longmire/Unsplash The free edition, which is only for people filing simple tax returns, costs nothing to file for both state and federal taxes. TurboTax offers multiple editions, only one of which is free. However, for gig workers, small business owners and anyone who needs to file more than simple information from a W-2, TurboTax charges a fee. ![]() Both TurboTax and Credit Karma provide free tax-prep software.
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