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No wonder that H&R Block is a leader in control software.
Taxes can be overwhelming and confusing even for connoisseurs. I think it's great that H&R Block simplifies the process without appeasing it. Each step contains clear instructions and comprehensive explanations of tax concepts and forms. The user interface is easy to navigate and you can save your progress at any time and return to the same page later.
This is my third time filing taxes with H&R Block, and although this was the first time I had to pay for an upgrade (and met a small roadblock) this year, I still think this is the best option for me is.
H&R block prices
As part of the IRS Free File Alliance H&R block Provides taxpayers between the ages of 17 and 51 with a gross adjusted income (AGI) of $ 69,000 or less and active military personnel with a free state and federal filing. I qualified for free submission in 2018 and 2019, but this year I simply missed the mark.
You can still submit to H&R Block for free if your AGI is above the limit, if your tax situation is very simple. Since I have a health account (HSA), I couldn't.
- Free online: $ 0. The free version of H&R Block supports W-2 income, interest income, dividend income, retirement payments, student loan interest deduction, and tax credit for earned income that is more than TurboTax covers for free. However, you cannot list any deductions.
- Deluxe Online: $ 50 (currently available for $ 30). You can list everything that the free version contains, as well as the mortgage interest deduction and health savings accounts (Form 1099-SA).
- Premium Online: $ 70 (currently on sale for $ 50). Supports everything in the deluxe version as well as income from rental properties and income from freelancers / contractors under $ 5,000. You can also import kilometers and other expenses from popular tracking apps.
- Online independently: $ 105 (currently on sale for $ 80). This is the top level online package offered by H&R Block. It's ideal for the self-employed, including small business owners, partners, and contractors who have earned more than $ 5,000.
The above fees apply to submitting your federal declaration. When you submit a government return, you must pay an additional $ 37.
My situation is pretty simple: I have W-2 income, an HSA, and interest income from a high-yield savings account. I don't own a house, have no relatives, or invest outside of my retirement savings accounts. I chose Deluxe Online and paid a total of $ 67 to prepare and submit my federal and state statements.
This is less than what I would have paid with TurboTax, but obviously much more than a completely free option like FreeTaxUSA or Credit Karma Tax.
Don't get stuck in the free file program like me
I hit a small roadblock when I started preparing to return. Since I created my H&R Block account a few years ago when I qualified for the Free File program, it was locked in this version.
After uploading my W-2, H & R Block informed me that my AGI was too high to use the "Free File" program, so I would have to upgrade. Well – I was expecting it. However, when I saw that the upgrade options were more expensive than the prices currently listed on the H&R Block website, even though they were exactly the same products, I felt offended.
The only way I saw was deleting my account and creating a new account. H&R Block will keep your tax returns for up to six years if you sign up and I didn't want to lose these digital versions. So I downloaded it, deleted the account, set up a new account and uploaded it again within a few years. To get the cheaper price, I went straight to the product page on the H&R Block website and clicked "Start Free".
It's not too surprising that I came across this, since both H&R Block and TurboTax have deliberately used misleading tactics in the past to get unsuspecting taxpayers to pay for upgrades when they don't need it. It is a good memory to stay vigilant.
For an additional fee, you can get professional help without leaving your home
If you're worried about making mistakes, missing deductions, or getting lost in the tax forms, H&R block can connect you to a specialist for an additional fee.
- Online Assistant: $ 40 to $ 140 (plus government filing fee). These packages are almost identical to the online registration options mentioned above. However, you can chat right away and share your screen with a tax professional, CPA or registered representative.
- Tax Pro Go: $ 49- $ 249 (plus government filing fee). This is the latest offer from H & R Block, with which you yourself have to find an accountant and enter an office. All you need to do is answer a few questions about yourself to work with a tax professional. Then upload all of your tax documents to your online account and your tax advisor will prepare your tax return (s) within five days. You review and sign your return (s), pay and the tax advisor will submit it.
What distinguishes H & R Block?
H&R block offers many of the same features as TurboTax at a lower price. Some of the highlights are:
- Easy import and upload of tax forms is one of my favorite features. In a matter of seconds, you can upload a PDF version of your tax form or import it from your employer, bank or investment company. As soon as all fields are filled in automatically, I check the numbers myself and have never found an incorrect entry.
- Step-by-Step Guide is something that distinguishes H&R Block. Every time you have to answer a question or provide a number, one click will populate a sidebar with a helpful explanation that breaks down in layman terms what that means. If you're still confused, you can search for more in the same sidebar while staying on the same page. I used this tool generously and found every answer I was looking for.
- Refund options. When you receive a refund, you can deposit directly into up to three separate savings or checking accounts or load any amount onto an H&R Block Emerald Prepaid Mastercard. You can also use your refund to buy an Amazon gift card. H&R Block grants a bonus of 4%. This is probably only worth it if you have a large refund, otherwise the bonus is negligible.
H&R Block gave me the maximum refund
I tried to balance my taxes as much as possible this year. In other words, I was on my way Not to get a huge refund by matching my withholding tax to my actual tax liability. I did pretty well, but I still get a few hundred dollars back from the government because I paid taxes all year round.
Before I submitted it to H&R Block, I also submitted a tax return Credit Karma control Partly because I was curious to see if there would be differences in my refund amounts, and there were. While the federal reimbursement amounts were the same, H&R Block brought me about $ 200 more for my state reimbursement.
Who is H & R Block best suited for?
If you're paying your own taxes this year and, like me, are willing to pay for convenience, H&R Block has an online filing option that suits your situation. Anyone who has not previously filed taxes alone or has recently experienced significant changes in life would benefit from the H&R Block guidelines.
The functions for importing and uploading tax forms save a lot of time. However, if you enter the numbers yourself and want to save some money, there are cheaper (or free) options.
It is worth noting that we have named TurboTax Our overall winner for the best tax software this year. When reviewing all products available from TurboTax and evaluations by other experts, we found the company offers the largest selection of options for all types of filers at reasonable prices. It also enables QuickBook integration for self-employed filers who use Intuit, and supports fiduciary and estate income, which H & R Block doesn't.
For my personal tax situation, which consists of normal income and a simple health savings account, I have found that H & R Block is serving me better at the moment.