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TaxSlayer Evaluate 2022 | Premium Options At Inexpensive Value Factors


Yr after yr, TaxSlayer delivers an incredible 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 typically pay hefty charges to file their taxes.

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

Let’s dive in to our TaxSlayer overview and see what makes TaxSlayer certainly one of the most effective tax software program decisions 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 execs
  • Nonetheless no brokerage integrations, however customers can now add CSVs of their inventory transactions

Self-Ready, On-line Help

35% off all plans with code SLAYIT35

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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 without spending a dime.

The difficulty with this tier is that it is extraordinarily restrictive. Credit just like the Little one Tax Credit score and the Earned Revenue Tax Credit score aren’t unlocked at this degree. Filers who’ve HSAs or qualify for Dependent Care Credit can even should pay for TaxSlayer Basic to finish their return. 

For Navy Members: TaxSlayer has been constantly identified to help army members. They provide a free Federal return for army members utilizing TaxSlayer Basic – with all kinds and tax conditions included (state is further). Study 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 change into a premium tax submitting software program (with out the large sticker value). This yr, TaxSlayer earns a premium expertise label. The service now affords utterly guided navigation choices. Customers who aren’t positive find out how to file their taxes will discover the refined steering simple to make use of.

Along with enhanced navigation, TaxSlayer has extra “personalization” efforts constructed into the software program. Straightforward to grasp “interviews” assist filers correctly enter particulars about Superior Little one Tax Credit score Funds, Stimulus Funds, and different vital particulars.

In 2022, we named TaxSlayer the Finest Tax Software program For Landlords and the Finest Tax Software program For Small Enterprise House owners. You’ll find the full rankings of the Finest Tax Software program right here.

Screenshot showing TaxSlayer's two workflow options

TaxSlayer provides the choice to decide on between steering and type choice.

Does TaxSlayer Make Tax Submitting Straightforward In 2022?

Total, 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 individuals establish and correctly declare ignored bills and deductions. Self-employed individuals and landlords can profit from the TaxSlayer method.

TaxSlayer Notable Options

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

Guided Navigation

In 2022, TaxSlayer improved its navigation and now affords guided navigation by means of each part. Customers may also bounce to a brand new part utilizing the navigation bar on the left-hand aspect of the software program.

Particular Examples Of Reliable Deductible Bills

TaxSlayer consists of “How this works” articles that spotlight legit deductible bills. These articles make it far simpler for individuals to grasp 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 “data 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 kinds. That signifies that filers with self-employment or rental revenue can use the Basic choice. For premium software program, this can be a actual discount.

Professional Help Included With Premium

TaxSlayer Premium consists of limitless one-on-one steering from a tax skilled. This help can occur over the telephone or by way of dwell chat.

Audit Help

The Basic degree of TaxSlayer consists of IRS inquiry help for one yr. TaxSlayer Premium consists of IRS audit help from licensed tax professionals for as much as 3 years. Lastly, Self-Employed consists of 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 affords a superb product, it has a couple of drawbacks that must be identified.

Would not Combine With Inventory Brokers

Nevertheless, TaxSlayer is probably not superb 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, but it surely it is solely relevant to pick out filers. To qualify, you could:

  • Have lower than $100,000 of taxable revenue
  • Not declare any dependents
  • Solely have the next forms 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 Little one Tax Credit score or the Earned Revenue Tax Credit score should improve as do inventory market traders or those that wish to itemize deductions. 

TaxSlayer Pricing And Plans

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

W-2 Revenue (No Earned Revenue Tax or Little one Tax Credit)

All filers (No help from a professional)

Audit help, Recommendation from tax professionals.

Entry to tax execs with self-employment experience

How Does TaxSlayer Examine?

TaxSlayer is an extremely sturdy and easy-to-use software program, but it surely 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 greatest tax software program for Facet Hustlers and Self-Employed individuals.

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

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

Small Enterprise Proprietor (over $5k in bills)

$11.67 Fed & $36.95/State

Deluxe

$6.99 Fed & $14.99/State

Deluxe

$29.99 Fed & $36.99/State

Deluxe

$39 Fed &

 $39/State

Professional Help
$24.99 Fed &
$14.99/State

$49.99 Fed & $36.99/State

Premier

$69 Fed &

 $39/State

$31.17 Fed & $36.95/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 information. However the firm’s safety insurance policies haven’t all the time been this good. Again in 2015, TaxSlayer had a knowledge breach by which 8,800 prospects had their information 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 danger. TaxSlayer (or another supplier) may have their cloud databases breached by means of a hack. Tax filers don’t have nice alternate options to cloud-based tax submitting companies. Nevertheless, they need to take time to judge the dangers earlier than selecting any tax submitting software program.

How Do I Contact TaxSlayer Help?

TaxSlayer has a wide range of help choices – which is how they differentiate themselves. Probably the most sturdy help assist will likely be on their Premium and Self-Employed tiers. Nevertheless, any prospects can use their help type, chat service, or name their help telephone quantity at 706-922-6741.

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

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 cellular app.

Is It Price It?

TaxSlayer affords a perfect mix of ease-of-use, high quality, and value. It’s the perfect tax software program for self-employed individuals and landlords who want an excellent 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 affords premium software program at a discount value for a lot of others.

Get began with TaxSlayer without spending a dime and take a look at 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 by means of TaxSlayer?

TaxSlayer permits filers to assert the Rebate Restoration Credit score for 2021 by means of its software program. This credit score is relevant to the third stimulus examine which was issued in 2021. Any cash that wasn’t acquired will likely be added to the annual refund examine.

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

TaxSlayer has an excellent Covid-19 part that walks customers by means of the assorted provisions related to financial reduction. TaxSlayer ensures that filers who didn’t obtain the suitable Little one Tax Credit score funds will likely be made complete by means of the annual tax refund. This help is obtainable on the Basic degree.

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 aspect hustle?

Technically, filers can use the Basic tier for self-employment and aspect hustling. Filers who need professional help from self-employment consultants can improve to the most costly Self-Employed tier.

Does TaxSlayer provide refund advance loans?

In 2022, TaxSlayer will not be promoting refund advance loans. It does have a relationship with Inexperienced Dot Financial institution and permits unbanked individuals to obtain their funds on a TaxSlayer debit card issued by means of Inexperienced Dot Financial institution. However this feature doesn’t entitle individuals to obtain funds any sooner than regular.

Does TaxSlayer provide any offers on refunds?

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

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 may well make tax submitting simple.

What are the alternate options to TaxSlayer?

TurboTax is the most important competitor to TaxSlayer. You may also have a look at FreeTaxUSA, H&R Block, and TaxAct. Take a look at our checklist of TaxSlayer Options right here.

TaxSlayer Options

Pupil Mortgage Curiosity Deduction

Deduct Training Bills

All Private Deductions & Changes To Revenue

 Precedence Cellphone & E mail Help; Reside Chat

Audit Help (3 Years)

Entry To Tax Execs With Self-Employment Experience

Maximize Enterprise Deductions

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