TaxSlayer Overview 2022 | Premium Options At Reasonably priced Worth Factors

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TaxSlayer review

12 months after yr, TaxSlayer delivers an incredible tax submitting product, and 2022 is not any exception. TaxSlayer’s wonderful expertise platform and low cost costs make it a best choice, particularly for landlords and self-employed individuals who usually pay hefty charges to file their taxes.

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

Let’s dive in to our TaxSlayer assessment and see what makes TaxSlayer one among the perfect tax software program decisions of the 2022 tax season.

Tax Slayer Logo
  • Navigation has improved in 2022
  • A number of ranges of help, together with entry to tax professionals
  • Nonetheless no brokerage integrations, however customers can now add CSVs of their inventory transactions

Self-Ready, On-line Assist

35% off all plans with code SLAYIT35

Overview Walkthrough Video

TaxSlayer – Is It Actually Free?

TaxSlayer has a pricing tier referred to as Merely Free. This tier permits customers with W-2 revenue and academic bills to file Federal and State taxes without cost.

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

For Navy Members: TaxSlayer has been persistently recognized to help navy members. They provide a free Federal return for navy members utilizing TaxSlayer Traditional – with all varieties and tax conditions included (state is extra). 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 turn out to be a premium tax submitting software program (with out the large sticker worth). This yr, TaxSlayer earns a premium expertise label. The service now gives utterly guided navigation choices. Customers who aren’t positive how one can file their taxes will discover the refined steerage simple to make use of.

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

In 2022, we named TaxSlayer the Greatest Tax Software program For Landlords and the Greatest Tax Software program For Small Enterprise Homeowners. You will discover the full rankings of the Greatest Tax Software program right here.

Screenshot showing TaxSlayer's two workflow options

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

Does TaxSlayer Make Tax Submitting Simple 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 determine and correctly declare missed bills and deductions. Self-employed individuals and landlords can profit from the TaxSlayer method.

TaxSlayer Notable Options

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

Guided Navigation

In 2022, TaxSlayer improved its navigation and now gives guided navigation by means of each part. Customers also can bounce to a brand new part utilizing the navigation bar on the left-hand facet 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 know 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 Kinds Supported At Traditional Stage

TaxSlayer Traditional helps all main schedules and varieties. That signifies that filers with self-employment or rental revenue can use the Traditional choice. For premium software program, it is a actual cut price.

Professional Assist Included With Premium

TaxSlayer Premium consists of limitless one-on-one steerage from a tax skilled. This help can occur over the cellphone or through stay chat.

Audit Assist

The Traditional stage 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 gives a wonderful product, it has a number of drawbacks that must be identified.

Would not Combine With Inventory Brokers

Nevertheless, TaxSlayer might not be perfect 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 filers. To qualify, it’s essential to:

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

TaxSlayer Pricing And Plans

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

W-2 Revenue (No Earned Revenue Tax or Baby Tax Credit)

All filers (No help from a professional)

Audit help, Recommendation from tax professionals.

Entry to tax professionals with self-employment experience

How Does TaxSlayer Evaluate?

TaxSlayer is an extremely strong 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 cut price 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 so forth.)

Small Enterprise Proprietor (over $5k in bills)

$29.95 Fed & $39.95/State

Deluxe

$6.99 Fed & $14.99/State

Deluxe

$29.99 Fed & $36.99/State

Deluxe

$39 Fed &

 $39/State

Professional Assist
$24.99 Fed &
$14.99/State

$49.99 Fed & $36.99/State

Premier

$69 Fed &

 $39/State

$59.95 Fed & $39.95/State

Cell

Is It Secure And Safe?

TaxSlayer makes use of best-in-class safety. It requires multi-factor authentication and encrypts all knowledge. However the firm’s safety insurance policies haven’t at all times been this good. Again in 2015, TaxSlayer had a knowledge breach by which 8,800 clients had their knowledge 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 threat. TaxSlayer (or every other 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 guage the dangers earlier than selecting any tax submitting software program.

How Do I Contact TaxSlayer Assist?

TaxSlayer has quite a lot of help choices – which is how they differentiate themselves. Essentially the most strong help assist shall be on their Premium and Self-Employed tiers. Nevertheless, any clients can use their help type, chat service, or name their help cellphone quantity at 706-922-6741.

TaxSlayer has a stable customer support status 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

Not like different software program suppliers like TurboTax or H&R Block, TaxSlayer would not supply 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 cell app.

Is It Price It?

TaxSlayer gives a great mix of ease-of-use, high quality, and price. It’s the perfect tax software program for self-employed individuals and landlords who want an incredible interface and nice calculators.

Individuals with easy submitting conditions might discover that Money App Taxes or H&R Block Free make extra sense for them. However TaxSlayer gives premium software program at a cut price worth for a lot of others.

Get began with TaxSlayer without cost and check out it out >>

TaxSlayer FAQs

Listed below 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 test by means of TaxSlayer?

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

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

TaxSlayer has an incredible Covid-19 part that walks customers by means of the assorted provisions related to financial aid. TaxSlayer ensures that filers who didn’t obtain the suitable Baby Tax Credit score funds shall be made entire by means of the annual tax refund. This help is out there on the Traditional stage.

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 facet hustle?

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

Does TaxSlayer supply refund advance loans?

In 2022, TaxSlayer isn’t 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 supply any offers on refunds?

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

Is TaxSlayer higher than TurboTax?

It relies upon. We discovered TaxSlayer to be higher on worth and fairly good on usability. TurboTax does supply 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. It’s also possible to have a look at FreeTaxUSA, H&R Block, and TaxAct. Take a look at our checklist of TaxSlayer Alternate options right here.

TaxSlayer Options

Pupil Mortgage Curiosity Deduction

Deduct Schooling Bills

All Private Deductions & Changes To Revenue

 Precedence Cellphone & E mail Assist; Stay Chat

Audit Help (3 Years)

Entry To Tax Execs With Self-Employment Experience

Maximize Enterprise Deductions

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