TaxHawk Overview – Free Tax Submitting Software program

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TaxHawk is likely one of the few on-line tax preparation platforms with free federal submitting for the overwhelming majority of filers, even these with complicated conditions involving self-employment and freelancing, itemized deductions, capital good points, fairness investments, and fewer frequent types of earnings. And state returns are underneath $15.

For those who do have to improve, all paid plans are underneath $25, with state returns underneath $15.

The catch is that the prep course of is totally DIY. For those who’re in search of a web-based tax prep platform that holds your hand from begin to end, cease studying proper now and take a look at our TurboTax evaluation. However should you’re an skilled filer who values cash financial savings above all else, it may be time to take a look at TaxHawk. 


TaxHawk Plans and Pricing

TaxHawk has three plans. Whatever the plan, same-year state returns price $12.95 to $14.95 apiece, relying on whenever you file.

Not like most tax prep packages, TaxHawk differentiates plans by their options and value-added providers, not the complexity of the tax conditions they’ll deal with.

1. Free Version

TaxHawk’s Free Version consists of your federal return at no cost. 

With nearly each IRS type obtainable, the Free Version is acceptable for nearly any tax state of affairs, from the quite simple to the very difficult (together with traders and the self-employed). Nonetheless, it has solely probably the most rudimentary help options, so it’s not best for novice filers.

The Free Version helps nearly all IRS and state varieties. On the federal aspect, meaning Schedules A, B, C, D, E, and Ok. Whether or not you personal your individual small enterprise or have to report capital good points from the sale of a house, you’re lined right here.

2. Deluxe Version

TaxHawk’s Deluxe Version fees $6.99 to file your federal return. It’s applicable for filers who want further help and value-added service however aren’t prepared or capable of pay for full-service tax prep at opponents like TurboTax and H&R Block.

The Deluxe Version has all of the varieties you get with the Free Version plus:

  • Precedence E mail Assist. Deluxe customers soar the e-mail help queue, which turns out to be useful towards the submitting deadline.
  • Free Limitless Amended Returns. The Deluxe Version helps you to amend and refile as many prior-year returns as you want at no further cost.
  • Audit Help. This informational service consists of entry to on-staff audit specialists skilled to reply particular questions in regards to the IRS audit course of and audit-related IRS correspondence. They will evaluation correspondence and reply questions on your tax state of affairs. Nonetheless, this function shouldn’t be confused with precise audit illustration, which some on-line tax prep platforms provide for a further cost.

3. Professional Assist Version

TaxHawk’s Professional Assist Version prices $24.99 to file your federal return. Its promoting factors embrace dwell telephone help, customized tax recommendation, and entry to an authorized public accountant or enrolled agent throughout tax season.

The Professional Assist Version consists of all of the options obtainable within the Free Version, plus:

  • Stay Cellphone Assist. Professional Assist customers can converse straight with in-house tax specialists throughout prolonged enterprise hours.
  • Stay Display screen Sharing. TaxHawk’s screen-sharing device lets you collaborate straight with the corporate’s tax specialists to work via points that come up whereas making ready or submitting your return.
  • Customized Tax Recommendation. TaxHawk’s on-staff tax specialists can be found to reply tax-related questions and supply detailed, actionable recommendation you should use to arrange your return and optimize your tax state of affairs for the long run.
  • Tax Preparation and Submitting Help. TaxHawk’s on-staff tax specialists can even assist put together and file your return at no further cost. However that’s a final resort. Not all Professional Assist customers get one-on-one assist from professionals. 

Extra Options of TaxHawk

No matter your chosen plan, TaxHawk has some notable options good for DIY filers.

Modules

TaxHawk has three modules:

  • Easy is for filers with easy tax conditions.
  • Fundamental is for reasonably complicated conditions: homeownership, well being financial savings accounts, and itemized deductions. It additionally consists of help for the earned earnings tax credit score.
  • Superior is for everybody else: folks with a number of earnings streams, small-business house owners and solopreneurs, traders, and people with much less frequent forms of earnings (comparable to rental property house owners and farmers).

All three modules are free by default except you need the extra options of the paid packages.

Interface & Flexibility

TaxHawk’s interface is fairly versatile. When you full the private data part, you possibly can transfer via the earnings, credit, and deductions sections at will. 

For those who don’t have sufficient data to finish a given type at a given time, no sweat. Simply depart it and transfer on. You’ll be able to return at any level earlier than you e-file.

When you’re into the meat of your tax return, you possibly can reply questions in an interview-style course of, enter knowledge into type fields manually, or alternate. Filling varieties out manually isn’t advisable for novices, as TaxHawk’s assist sources are comparatively skinny and IRS publications are mind-numbing (and time-consuming) to pore over.

Bookmarking System

TaxHawk’s prep interface has a bookmarking system you should use to flag particular sections or pages inside sections for future reference. It’s significantly helpful if you wish to start your return early however lack all the knowledge needed to finish a specific portion. Search for the bookmark icon on the prep interface’s higher toolbar.

Progress Tracker

TaxHawk’s progress-tracking device exhibits at a look which sections you’ve begun, which you’ve accomplished, and the place you’re in each. It’s labeled “matter checklist” within the interface.

It doesn’t drill down too far into the small print, nevertheless it gives a pleasant overview for filers who plan to work on their returns over a number of classes.

Actual-Time Refund or Legal responsibility Show

Like most on-line tax prep packages, TaxHawk has a real-time tax refund or legal responsibility show that modifications as you progress via your return. It’s on the fitting sidebar of your return.

Importing Capabilities

TaxHawk permits prior-year return importing from TaxHawk, TurboTax, H&R Block, or TaxAct. Earlier than you import your return, convert it to PDF format and save the file.

Past prior-year returns, TaxHawk’s importing capabilities are severely restricted. It’s a must to manually enter data from earnings and lender statements (1099s and 1098s, as an example). For those who earn earnings from plenty of totally different sources or actively commerce equities, you’re prone to face a data-entry marathon with TaxHawk.

That stated, in case your cash is extra helpful than your time, this may be an appropriate trade-off. And in case you have only one or two sources of earnings, you’re not prone to discover the shortage of importing capabilities in any respect.

Data Base

TaxHawk has a company-generated information base stocked with frequent tax- and platform-related assist subjects. You could find solutions to most simple tax questions, however extra superior or difficult points most likely require a go to to the IRS’s web site or a human-to-human interplay with somebody on TaxHawk’s help crew.

E mail Assist

TaxHawk has a reasonably rudimentary ticket-based e mail help system. Get began by clicking the Assist button on the fitting sidebar of the prep interface or the footer on the TaxHawk homepage. 

Count on a response inside 24 hours throughout the week, although it takes longer on the weekend. You’ll be able to’t get in contact with TaxHawk’s help crew by telephone with the Free Version — for that, you could improve to Deluxe or the Professional Assist Version.

Deluxe clients can attain help by dwell chat between 8am and 12am Jap Time, Monday via Saturday. Cellphone help is accessible between 9am and 9pm Jap Time, Monday via Friday.

Storage for Accomplished Returns

You’ll be able to retailer your accomplished returns in TaxHawk’s free cloud storage capsule at no further cost. There’s no sundown or capability restrict. For those who’re nervous about cloud storage, you possibly can obtain your return as a printable PDF as effectively.

Assist for Prior-Yr Returns

You’ll be able to file prior-year federal returns going again to 2010 at no cost. Prior-year state returns price $14.99 apiece.

Accuracy Checker

TaxHawk has a built-in accuracy checker that mechanically critiques your return in actual time and flags entries that don’t make sense to the system.

As an illustration, should you inform this system you personal your house and point out you propose to take the usual deduction, the accuracy checker will immediate you to reevaluate. It might be that taking the usual deduction is the fitting name, nevertheless it’s all the time good to double-check.

Whereas the accuracy checker isn’t clairvoyant and sometimes triggers false alarms, it’s a useful fallback for hurried filers vulnerable to errant clicks or misplaced numerals. 

Pay With Your Refund

For those who’d want to not pay your prep charges with a credit score or debit card, TaxHawk lets you pay along with your refund. There’s a further payment for this service.

Accuracy and Most Refund Assure

TaxHawk has an industry-standard accuracy assure. For those who incur a federal tax legal responsibility or penalty as a consequence of a tax software program error, omission, or glitch, you’re entitled to reimbursement.

Sadly, this assure doesn’t maintain for state returns. If one thing goes improper on that entrance, you might be on the hook for the complete quantity.

TaxHawk additionally has a most refund assure. If an an identical return ready with a TaxHawk competitor nets you a bigger refund or smaller tax legal responsibility, TaxHawk refunds your prep charges.


Benefits of TaxHawk

TaxHawk’s has many benefits for assured filers who’ve expertise doing their very own taxes, together with: 

  • Extraordinarily Low Pricing. TaxHawk is among the many greatest on-line tax prep values, bar none. If you would like probably the most cost-effective resolution to your annual tax ritual, and your tax state of affairs is just too complicated for big-name tax prep packages’ free variations, it’s unlikely there’s a greater various.
  • Useful Bookmarking System. TaxHawk’s prep interface has a superior bookmarking system in comparison with opponents. It’s nice for filers who plan to fill out their returns in levels. 
  • Helpful Progress-Monitoring System. TaxHawk’s progress-tracking system is equally user-friendly. It exhibits which sections you’ve visited, which you’ve but to go to, and what you are able to do in every. 
  • Versatile Interface. TaxHawk’s prep interface is much more versatile and user-friendly than some higher-priced alternate options. When you get previous the preliminary data entry and importing stage, you possibly can freely transfer between and inside sections. 
  • Good Worth for Professional Assist. TaxHawk’s Professional Assist Version prices about $25 on your federal return and underneath $15 per state. That’s an important deal subsequent to different pro-assisted tax prep choices, particularly for extra difficult conditions.

Disadvantages of TaxHawk

Some filers ought to assume twice about making ready taxes with TaxHawk. Specifically, it lacks help sources for customers who don’t improve and isn’t your best option for inexperienced filers.

  • No Full-Service Prep Possibility. TaxHawk’s Professional Assist package deal is good for filers who want some additional assist, however it may possibly’t substitute the hands-on consideration you get with a standard accountant or compete with full-service choices like TurboTax Stay. 
  • Restricted Importing Capabilities. TaxHawk’s importing capabilities are fairly restricted by opponents’ requirements. For those who filed with a service apart from TaxHawk, TaxAct, TurboTax, and H&R Block final yr, you’re out of luck. And TaxHawk additionally lacks 1099 importing capabilities. 
  • Not the Most Cellular-Pleasant Platform. TaxHawk has grown extra mobile-friendly over time, nevertheless it’s nonetheless close to the again of the pack on this entrance. Filers preferring tablets to laptops or desktop machines ought to take into consideration mobile-friendly alternate options, comparable to TurboTax.
  • Restricted Assist With the Free Version. TaxHawk just isn’t probably the most novice-friendly on-line tax prep platform round. That’s very true for the Free Version, with a help infrastructure consisting of a complete however tough-to-navigate information base and a ticket-based e mail assist system that’s not applicable for pressing queries. 
  • No In a single day Buyer Assist. TaxHawk’s human buyer help crew isn’t on obligation in a single day or on weekends. Deluxe and Professional Choose clients lose entry to dwell chat at midnight till 8am and on Sundays. Cellphone help is accessible between 9am and 9pm Jap Time, Monday via Friday.
  • No Audit Illustration. TaxHawk doesn’t provide tax audit illustration for any clients. The Deluxe and Professional Assist Editions’ audit help module is helpful, nevertheless it’s no substitute for knowledgeable steerage via the audit course of.

How TaxHawk Stacks Up

TaxHawk has carved out a distinct segment for itself as a low-cost, high-value on-line tax prep supplier. How does it stack as much as Jackson Hewitt On-line, a better-known competitor within the low cost area?

TaxHawk Jackson Hewitt On-line
Free Plan Sure, applicable for all conditions None
Skilled Help Sure, Professional Assist plan beginning at $25 Sure, full-service tax prep for $99 (state and federal)
Pay With Your Refund? Sure, for a further payment Sure, for a further payment
Most Costly Plan Value  $0 with the Free Version plus underneath $15 per state if relevant Beginning at $25 (state and federal)

Ultimate Phrase

On-line tax prep isn’t proof against inflation. Like most services and products, it appears to get a bit costlier yearly. I’ve been reviewing tax prep software program for a number of years now, and I’m with out fail dismayed — although in fact not shocked — once I return to the area every winter and discover previously free plans behind newly erected paywalls.

Together with its spirited cousin FreeTaxUSA, TaxHawk stays a low-cost oasis in an more and more costly on-line tax prep panorama. Although it’s not for everybody, it fills a vital area of interest for assured, frugal filers.

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