Rental property income and tax deductions.

Maximizes mortgage and property tax deductions.

Searches 450+ tax deductions and credits.

Import a PDF of a return from another tax software.

Covers stocks, bonds, ESPPs, and other investments.

Covers W-2 income, Earned Income Tax Credit (EIC), and Child Tax Credits.

Fees for all plans are only due at the time of filing. TurboTax offers both a DIY TurboTax small business plan and a TurboTax Live plan. Users can connect live on their screen with a CPA or tax professional for advice or a line-by-line review of their return or even hand off the entire return to be completed and filed by a professional. Users get guidance through the software for common expenses and can even track them through Intuit's account software, QuickBooks.Īlthough TurboTax offers a comprehensive guided walkthrough, the software also offers an option to get direct help from tax professionals through TurboTax Live. When it comes to business taxes, TurboTax searches for industry-specific deductions other providers might miss. From there, the software uses a series of prompts and questions to help finish and file the return. Users can get started by importing a PDF of a past tax return and uploading pictures of W- forms. TurboTax has created one of the most intuitive user interfaces available. We chose it as the best overall because it offers an easy-to-use interface and both DIY tax filing and filing with the assistance of a tax professional. Owned by Intuit, the company behind QuickBooks, TurboTax is the most popular and widely used tax preparation software for both individuals and businesses. We looked at nearly a dozen business tax software providers for this review and chose the best based on ease of use, preparation and audit support, cost, accuracy and refund guarantees, and more. By comparison, small business tax software costs between $50 to $200 plus state filing fees (typically $20-$45). According to the National Society of Accountants, having a business tax return prepared by a professional can run on average $187, not including the state filing, and an itemized 1040 personal tax return with the state return averages $294. Due to the increased reliability of tax preparation software, business owners who do their own taxes can see a significant amount in savings. Fortunately, small business tax software makes it easy for owners to file their taxes, maximize their deductions and refunds, and avoid an IRS audit, all without having to hire a CPA. The only thing more stressful than filing a personal tax return is filing one for a business. We may receive commissions on purchases made from our chosen links. You can learn more about our independent review process and partners in our advertiser disclosure.

Our editors independently research and recommend the best products and services.

Tax software for mac 2016