Online Tax Preparation and Filing FAQ

Frequently Asked Questions about Online Tax Preparation and Filing

    What is the difference between a 1040 and a 1040EZ?

    The 1040EZ is the simplest tax form, and can only be used if your income is less than $100,000 per year and is entirely from wages, salary, tips, taxable grants or unemployment compensation, and your taxable interest is not over $1,500, and if you only take the standard deductions. You cannot use a 1040EZ if you plan to claim dependents. A 1040 allows you to itemize your deductions and declare dependents.

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Search our site for more information about Online Tax Preparation and Filing:

H&R Block

Bottom line: Best overall service provider due to Free Federal Return, good support and audit protection
TurboTax

Bottom line: Easiest to use service with best online deduction finder tools
TaxACT

Bottom line: Great value for online tax preparation and filing but lacks audit protection
CompleteTax

Bottom line: Standard service with a few cool extras including a Maximum Refund Guarantee
TaxBrain

Bottom line: Solid, streamlined service but interface and pricing are a bit confusing
TaxSimple

Bottom line: Very limited support and spotty service availability; not recommended

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