TaxSlayer Evaluation 2022 | Premium Options At Inexpensive Value Factors


Yr after yr, TaxSlayer delivers a tremendous tax submitting product, and 2022 isn't any exception. TaxSlayer’s wonderful know-how platform and low cost costs make it a best choice, particularly for landlords and self-employed individuals who usually pay hefty charges to file their taxes.

When you’ve develop into outraged by the costs charged by premium tax software program corporations, however you don’t wish to surrender the premium expertise, TaxSlayer could also be best for you.

Let's dive in to our TaxSlayer evaluate and see what makes TaxSlayer considered one of the perfect tax software program selections of the 2022 tax season.

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  • Navigation has improved in 2022
  • A number of ranges of help, together with entry to tax professionals
  • Nonetheless no brokerage integrations, however customers can now add CSVs of their inventory transactions

Self-Ready, On-line Assist

35% off all plans with code SLAYIT35

Evaluation Walkthrough Video

TaxSlayer - Is It Actually Free?

TaxSlayer has a pricing tier known as Merely Free. This tier permits customers with W-2 revenue and academic bills to file Federal and State taxes free of charge.

The difficulty with this tier is that it is extraordinarily restrictive. Credit just like the Baby Tax Credit score and the Earned Earnings Tax Credit score aren’t unlocked at this stage. Filers who've HSAs or qualify for Dependent Care Credit may even need to pay for TaxSlayer Basic to finish their return. 

For Navy Members: TaxSlayer has been persistently identified to help army members. They provide a free Federal return for army members utilizing TaxSlayer Basic - with all varieties and tax conditions included (state is extra). Be taught extra about TaxSlayer Navy right here >>

What's New In 2022?

Best Of 2022 Award

Over the previous a number of years, TaxSlayer has been making strides to develop into a premium tax submitting software program (with out the large sticker value). This yr, TaxSlayer earns a premium expertise label. The service now presents fully guided navigation choices. Customers who aren’t certain the right way to file their taxes will discover the refined steerage straightforward to make use of.

Along with enhanced navigation, TaxSlayer has extra “personalization” efforts constructed into the software program. Simple to know “interviews” assist filers correctly enter particulars about Superior Baby Tax Credit score Funds, Stimulus Funds, and different essential particulars.

In 2022, we named TaxSlayer the Greatest Tax Software program For Landlords and the Greatest Tax Software program For Small Enterprise Homeowners. You will discover the full rankings of the Greatest Tax Software program right here.

Screenshot showing TaxSlayer's two workflow options

TaxSlayer offers the choice to decide on between steerage and kind choice.

Does TaxSlayer Make Tax Submitting Simple In 2022?

General, TaxSlayer simplifies tax submitting for many individuals. It is particularly nice software program for landlords and self-employed individuals who want nice calculators. TaxSlayer is designed to assist folks determine and correctly declare ignored bills and deductions. Self-employed folks and landlords can profit from the TaxSlayer method.

TaxSlayer Notable Options

TaxSlayer supplies premium tax submitting software program at low cost costs. These are among the notable benefits of utilizing this strong software program.

Guided Navigation

In 2022, TaxSlayer improved its navigation and now presents guided navigation via each part. Customers may leap to a brand new part utilizing the navigation bar on the left-hand facet of the software program.

Particular Examples Of Reputable Deductible Bills

TaxSlayer contains “How this works” articles that spotlight legit deductible bills. These articles make it far simpler for folks to know deductions they will take. Mixed with different choices (like “Ask a Professional”), filers can declare or not declare their bills with confidence.

Whereas most corporations have “information articles” constructed into their software program, TaxSlayer is exceptional for the standard and applicability of those articles.

All Varieties Supported At Basic Stage

TaxSlayer Basic helps all main schedules and varieties. That implies that filers with self-employment or rental revenue can use the Basic choice. For premium software program, it is a actual discount.

Professional Assist Included With Premium

TaxSlayer Premium contains limitless one-on-one steerage from a tax skilled. This help can occur over the cellphone or by way of dwell chat.

Audit Assist

The Basic stage of TaxSlayer contains IRS inquiry help for one yr. TaxSlayer Premium contains IRS audit help from licensed tax professionals for as much as 3 years. Lastly, Self-Employed contains full protection and authorized illustration from a tax professional within the case of an IRS audit for as much as 3 years after the return is accepted.

TaxSlayer Notable Drawbacks

Whereas TaxSlayer presents a superb product, it has a number of drawbacks that must be identified.

Would not Combine With Inventory Brokers

Nevertheless, TaxSlayer is probably not excellent for lively crypto or inventory merchants. The software program would not combine straight with any inventory brokerages. Nevertheless, TaxSlayer is now permitting customers to add a CSV of their inventory transactions. That is new in 2022.

Merely Free Is Restricted

TaxSlayer has a free pricing tier, however it it is solely relevant to pick out filers. To qualify, you have to:

  • Have lower than $100,000 of taxable revenue
  • Not declare any dependents
  • Solely have the next sorts of revenue: wages, salaries, ideas, taxable curiosity of $1,500 or much less, and/or unemployment compensation
  • Declare the usual deduction

Filers who wish to declare the Baby Tax Credit score or the Earned Earnings Tax Credit score need to improve as do inventory market buyers or those that wish to itemize deductions. 

TaxSlayer Pricing And Plans

TaxSlayer has a novel pricing technique. Its “Basic” pricing helps all schedules and varieties, however it doesn’t embrace Audit Assist or recommendation from tax professionals. The upper-priced choices enable customers to improve for these choices. 

W-2 Earnings (No Earned Earnings Tax or Baby Tax Credit)

All filers (No help from a professional)

Audit help, Recommendation from tax professionals.

Entry to tax professionals with self-employment experience

How Does TaxSlayer Evaluate?

TaxSlayer is an extremely strong and easy-to-use software program, however it doesn’t straight combine with any brokerage accounts. As a result of it doesn’t have these integrations, we’re evaluating it to some discount software program (FreeTaxUSA and CashAppTax) and high-end software program (H&R Block and TurboTax).

This yr, we advisable TaxSlayer because the finest tax software program for Facet Hustlers and Self-Employed folks.

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FreeTaxUSA updated logo
Cash App Taxes logo
HR Block Logo
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Dependent Care Deductions

Retirement Earnings (SS, Pension, and many others.)

Small Enterprise Proprietor (over $5k in bills)

$29.95 Fed & $39.95/State

Deluxe

$6.99 Fed & $14.99/State

Deluxe

$29.99 Fed & $36.99/State

Deluxe

$39 Fed &

 $39/State

Professional Assist
$24.99 Fed &
$14.99/State

$49.99 Fed & $36.99/State

Premier

$69 Fed &

 $39/State

$59.95 Fed & $39.95/State

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Is It Secure And Safe?

TaxSlayer makes use of best-in-class safety. It requires multi-factor authentication and encrypts all knowledge. However the firm’s safety insurance policies haven’t all the time been this good. Again in 2015, TaxSlayer had an information breach during which 8,800 prospects had their knowledge stolen. The results of this breach was enhancements to safety together with the requirement to make use of multi-factor authentication.

Regardless of the cleaned-up safety protocols, all tax submitting merchandise carry some threat. TaxSlayer (or some other supplier) may have their cloud databases breached via a hack. Tax filers don’t have nice options to cloud-based tax submitting providers. Nevertheless, they need to take time to judge the dangers earlier than selecting any tax submitting software program.

How Do I Contact TaxSlayer Assist?

TaxSlayer has a wide range of help choices - which is how they differentiate themselves. Essentially the most strong help assist shall be on their Premium and Self-Employed tiers. Nevertheless, any prospects can use their help kind, chat service, or name their help cellphone quantity at 706-922-6741.

TaxSlayer has a strong customer support status on-line. The corporate is at the moment rated 4.3/5 on Trustpilot out of greater than 15,500 buyer opinions.

The place To Purchase

In contrast to different software program suppliers like TurboTax or H&R Block, TaxSlayer would not provide a desktop model of its software program. So the one methods to purchase TaxSlayer's cloud-based software program is to go to its web site or obtain its cell app.

Is It Price It?

TaxSlayer presents a great mix of ease-of-use, high quality, and value. It’s the perfect tax software program for self-employed folks and landlords who want an amazing interface and nice calculators.

Individuals with easy submitting conditions could discover that Money App Taxes or H&R Block Free make extra sense for them. However TaxSlayer presents premium software program at a discount value for a lot of others.

Get began with TaxSlayer free of charge and check out it out >>

TaxSlayer FAQs

Listed here are some widespread questions we get about TaxSlayer yearly.

Can TaxSlayer assist me file my crypto investments?

Sure, customers can add a CSV of their crypto transactions this yr.

Can I request my stimulus examine via TaxSlayer?

TaxSlayer permits filers to say the Rebate Restoration Credit score for 2021 via its software program. This credit score is relevant to the third stimulus examine which was issued in 2021. Any cash that wasn’t obtained shall be added to the annual refund examine.

I didn’t obtain the total quantity for Superior Baby Tax Credit score Funds. Can TaxSlayer assist me get the remaining?

TaxSlayer has an amazing Covid-19 part that walks customers via the assorted provisions related to financial reduction. TaxSlayer ensures that filers who didn’t obtain the suitable Baby Tax Credit score funds shall be made entire via the annual tax refund. This help is on the market on the Basic stage.

Can TaxSlayer assist me with state submitting in a number of states?

Sure, TaxSlayer helps multi-state submitting. However filers should pay $36.95 per state.

Do I've to make use of the self-employed tier for my facet hustle?

Technically, filers can use the Basic tier for self-employment and facet hustling. Filers who need professional help from self-employment specialists can improve to the costliest Self-Employed tier.

Does TaxSlayer provide refund advance loans?

In 2022, TaxSlayer isn't promoting refund advance loans. It does have a relationship with Inexperienced Dot Financial institution and permits unbanked folks to obtain their funds on a TaxSlayer debit card issued via Inexperienced Dot Financial institution. However this feature doesn't entitle folks to obtain funds any sooner than regular.

Does TaxSlayer provide any offers on refunds?

TaxSlayer presents a “file and go” choice the place charges are deducted from a filer’s refund. Nevertheless, this comes with an extra value.

Is TaxSlayer higher than TurboTax?

It relies upon. We discovered TaxSlayer to be higher on value and fairly good on usability. TurboTax does provide one of many best to make use of interfaces, although, and it could make tax submitting straightforward.

What are the options to TaxSlayer?

TurboTax is the largest competitor to TaxSlayer. You may as well take a look at FreeTaxUSA, H&R Block, and TaxAct. Try our listing of TaxSlayer Options right here.

TaxSlayer Options

Pupil Mortgage Curiosity Deduction

Deduct Schooling Bills

All Private Deductions & Changes To Earnings

 Precedence Cellphone & E-mail Assist; Stay Chat

Audit Help (3 Years)

Entry To Tax Professionals With Self-Employment Experience

Maximize Enterprise Deductions

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