Tax Preparation Software

[anniequeen]

What is tax preparation software and how does it work? Can tax preparation software handle deductions and credits automatically? Is tax preparation software better than hiring a tax professional?

 

[kai]

Tax preparation software is simply a step-by-step guide that assists you in the filing of your taxes step-by-step by asking some easy questions and doing the calculations on your behalf. It can identify deductions and credits automatically, and is very nice when dealing with simple finances, however more complicated finances still demand the extra security of a tax pro.

 

[Shane Warne]

Tax preparation software is a digital application that assists individuals and various businesses to prepare and submit their tax returns correctly. It helps users in reporting their incomes, deductions and credits automatically, calculates automatically and files the returns electronically to the tax authorities thus eliminating mistakes and wastage of time as opposed to manual filing.