![]() The bottom line: TurboTax is the stronger offering here. TaxSlayer completed more than 10 million returns in 2020. While it's a smaller tax software provider than the titan Intuit, it has been around for more than 50 years and has plenty of experience handling tax returns. TaxSlayer is cheaper than most others for the same thing. The tax code is identical regardless of what software or accountant you use, so you should get a result that's within a few dollars (it could vary a little due to rounding) no matter where you do your taxes. They all said the experience was practically flawless. Several well-reasoned people explained that they recently switched to TaxSlayer to save money compared to higher-priced competitors. The first place I saw serious recommendations of TaxSlayer was on a personal-finance forum on Reddit. Interface isn't as intuitive as H&R Block or TurboTaxįor AGI above $73,000: W-2 income unemployment income tuition and fees deduction student loan interest deduction.Completely free option for simple tax situations at any income level.It's best for people who either have a simple tax situation or are comfortable with the tax-filing process. TaxSlayer is cheaper than competing tax prep services. It's not the cheapest option, but its sleek online interface and reputation are hard to beat. With TurboTax Live, you can upgrade to get live access to a tax professional or even hand off your tax return completely to have someone else do it for you. Outside of regular do-it-yourself tax prep, TurboTax added a feature called TurboTax Live. Intuit also owns Mint and QuickBooks, among other offerings. TurboTax is made by Intuit, a giant in financial software. Overall, however, I would still recommend it to family or friends without hesitation. I have had some less-than-stellar experiences with the low-level customer service and some less-common parts of preparing my tax return as a small business owner with an S-Corp. I've used this software myself and typically find it to offer a great overall experience. The first software I tried was market leader TurboTax. W-2 income unemployment income retirement distributions interest and dividend income earned income tax credit child tax credit Upgradeable for instant access to a tax expert.Completely free option for simple tax situations at any income level (not all taxpayers qualify).It's especially valuable for self-employed filers who use QuickBooks integration. TurboTax is the most expensive option for filing taxes online, but offers a high-quality user interface and access to experts. Saving time when importing and uploading forms.But, if cost is your top concern, TaxSlayer is the winner. I found the TurboTax experience superior enough that I would be willing to pay more for it than TaxSlayer. I was surprised to find that TurboTax did save me quite a bit of time compared to TaxSlayer due to document upload capabilities and its connections to banks and investment companies. For those who don't mind doing a little more manual entry to save money on their tax return, TaxSlayer does the job just fine.īefore trying both platforms, I expected a fairly similar user experience. If your focus is on doing your taxes as quickly and efficiently as possible with the smoothest user experience, TurboTax is definitely a better choice. Here's how TurboTax and TaxSlayer compare on costs, user experience, and refund or tax bill results. ![]() I also like doing my taxes twice to make sure the results match, which they should regardless of which tax software you use. While TurboTax is a recognized market leader, it isn't the cheapest option and may not be perfect for everyone.Īfter doing my personal taxes with Credit Karma, TurboTax, and H&R Block over the last few years, I decided I'd try TaxSlayer as a low-cost option that I've seen recommended when browsing online forums on taxes and other financial topics. ![]() ![]() ![]() TurboTax and TaxSlayer both offer popular online products for doing your taxes.
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