From there, the minimum you’ll spend with TurboTax is $59 plus a $54 state filing fee. This includes homeowners, folks who plan to itemize deductions, the self-employed, people with 1099 income, and more. If you have to file more than a simple 1040 tax form, you won’t qualify for the freebie filing. While that might be a lot of people, it’s probably not most people. For example, you can file for $0 if you have a W-2 or dependents, plan to take the standard deduction, don’t own a home, and don’t make more than $100,000 a year. TurboTax offers a free entry-level product, but it’s geared toward a pretty limited set of folks. And moving from Federal Classic to Federal Premium, where you get extra support, is just $20 more. Period.īottom line: No matter your situation, you can file your federal taxes with Ramsey SmartTax for $29.95. The Federal Premium version? Yeah, that’s $49.95 for federal filing plus $39.95 for state filing. Ramsey SmartTax’s Federal Classic version is $29.95 for federal filing plus $39.95 for state filing (if you need it). So here we go: Ramsey SmartTax versus TurboTax.ĥ Differences Between Ramsey SmartTax and TurboTaxīefore you choose an e-file service for self-filing or go with ol’ faithful one more year, make sure you understand what to look for. But that’s not where the differences end. It’s the only e-file tax return service Dave Ramsey recommends. With Ramsey SmartTax, every part of the e-filing process is designed to be easy to use, accurate and reliable. Ramsey SmartTax is an e-file alternative to TurboTax-which, let’s face it, is less interested in helping you along your entire financial journey and more focused on additional fees, add-ons and debt-based product partnerships (we’re still looking at you, credit cards). Plus, keep an eye out for service providers that have hidden fees and ridiculous add-ons-not to mention the ones that try to sell you stuff you don’t need (we’re looking at you, credit cards). If you have a simpler tax situation, look for a service with software that’s easy to learn and use, fits the budget, and will give you peace of mind that your tax return has been completed correctly. If you’ve got multiple income sources, own your own business, or just generally have a more complicated tax return, it’s best to skip the DIY e-file route and head straight to a trusted tax professional. Let’s take a look at Ramsey SmartTax versus TurboTax so you can make the best decision for your tax situation. If you’re a do-it-yourselfer when it comes to taxes, you need self-filing software that moves you from start to finish quickly, accurately and affordably.īut with several e-filing providers available, who should you choose? 1 And why wouldn’t they? Filing electronically requires very little math, no erasing so many times you wear a hole in the form (it happens), and no chance of your return getting lost in the mail. In 2021, 94% of people filed their taxes electronically through either self-filing software or a tax pro. You also probably know how great it was to get a mixtape from a friend-but that’s another story. But if you do remember those days, you know how great it is to be able to file your taxes electronically. If you remember getting a thick tax booklet in the mail from the IRS every year, carefully tearing out the perforated forms, and then filling them out line by line (in pencil if you were smart)-man, you’re old!
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