What’s the best tax software for the self employed? Here’s our top 5


Madalina Dinita
by Madalina Dinita
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best tax software programs for the business owners

Filing tax is a crucial task that takes a pretty good time to be done correctly. It takes a lot of patience and an eye for detail to fill up all the required details.

Since not everyone has a personal accountant to take care of tax matters, a tax program comes to their rescue.

These tax programs are especially useful for small business owners who can file tax returns at a much lesser cost.

So, what’s the best tax software for self-employed?

While there is a wide range of tax programs available, finding the suitable one is the key. Moreover, the best tax software programs for business owners should also be affordable.

There’s one for everyone, and so is the case with the self-employed individuals. These tax programs them increase their annual savings, track their income and file their expenses efficiently.

For those who are wondering what’s the best tax software for self-employed, here’s a list we have created.

Keep your taxes in check with these self-employment tax tools

1

Turbo Tax

Turbo Tax best tax software for self employed

Turbo Tax is one of the best tax software programs for the business owners that makes it faster and easier to file taxes, correctly.

It’s easy to use and convenient software that’s suitable even for the beginners. Moreover, it offers added security to your tax details.

This program is especially useful for those who use QuickBooks to maintain their books. It basically speeds up the entire process of tax preparation. The best part is, it can import data from QuickBooks and checks for any errors meticulously.

They also have strong customer support to help clients with their queries at any time.

Price: free trial available, starts from $119.99

Get now TurboTax from the official website (free)

2

H&R Block

H&R Block best tax software for self employed

H&R Block is another great tax program for the self-employed that offers real pricing. It offers professional guidance from the experts in person or online.

This easy to use program comes with three chief guarantees. It helps users to achieve maximum refund for their employment requirements considering the deductions based on the industry and expenses.


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The software allows users to file payroll taxes returns 940 and 941, and also process yearly forms such as the 1099 MISC and W-2 for those having employees or 1099 contractors.

It also allows users to import data from QuickBooks and TurboTax into it.

From unlimited access to live customer support to personal tax consultation, the program offers unparalleled guidance at no extra cost.

Best of all, users can also avail of its audit facility in-person for no extra fees for its desktop edition.

Price: starts from $29.99 for federal filing

Get H&R Block

3

TaxAct

TaxAct best tax software for self employed

TaxAct is suitable for the self-employed, especially for the freelancers. It costs less than its competitors and allows users to file a single federal tax return.

The best part is, it comes with a price lock guarantee and so, unlike its competitors, it offers its users the same price despite how long it takes to finish filing returns.

Whether it’s income through self-employment or investments, it offers support for all.

Life Events is a feature applies to any possible charges in the filers tax situation from the previous year to the current one.

To help serve the filers better it offers 19 options related to different tax situations that might be relevant to the filer currently.

All the users need to do is to click on the respective link for added guidance, information, and tips.

Live customer support is another great advantage along with hyperlinked words and phrases offering detailed information.

Price: starts from $24.95

Get TaxAct

4

TaxSlayer Classic

TaxSlayer Classic best tax software for self employed

TaxSlayer is especially suitable for those business owners who want to file Schedule C. It allows the tax filers to make their own 1040 and Schedule C forms. It’s known for its ease of use and maximizes refunds.

The program offers assured maximized refunds that the users are entitled to or they promise to refund the suitable price paid.

Users also have the facility to get their TaxSlayer filing charges to be deducted straight from the federal tax refund.

Best of all, it also guarantees 100% accurate calculations or they refund the customer any of the federal or state fees along with interest charges.

Price: free version available, plans start from $9.95

Get TaxSlayer

5

Credit Karma

Credit Karma best tax software for self employed

Yes, Credit Karma is also known for its services in the tax category. This premium software is available for free for all users, for both state and federal taxes.

The program provides 100% assurance for accurate calculations. Additionally, it covers individuals with free Audit Defense for those who get audited.

They also provide 100% assurance to users that they will receive the refund they are entitled to. Best of all, there are no hidden charges and no sudden fees.

It helps users manage all chief IRS schedules and forms that include related complex tax situations. Users can also import last year’s returns completed by any other software previously.

As a bonus, the interface offers a searchable guide.

Price: free

Get Credit Karma

Final Words

If you own a small business you must be extra careful while finalizing a tax software because that’s what will help them file their business tax returns efficiently.

Overall, the software can help import your data, optimize your tax deductions, checks for any mistakes, and offer unparalleled customer support.

So, for those who are wondering what’s the best tax software for self-employed, this should be your ultimate list.

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