Liberty Tax Software Review 2023

Performance at glance

Specifications	Liberty Tax Software Ratings	Verdict
Features		The software provides a comprehensive set of features for tax preparation.
Support		The support team is knowledgeable and helpful in resolving customer issues.
Price		The software is reasonably priced, but there are other tax preparation options available that are more affordable.
Overall		Liberty Tax software is a solid option for tax preparation, with a good balance of features, support, and price.

Features of Liberty Tax software

Significant features of Liberty Tax software 

Liberty Tax software is a popular tax preparation software that offers a wide range of features to help users prepare their tax returns with ease and accuracy. Here are some of the key features of the software:

Free chat & email support

Liberty Tax provides its users with free chat and email support. This allows users to ask questions and get quick responses from tax professionals to help them complete their returns.

Free tech support

It also offers free tech support to users who experience technical difficulties while using the software.

Prior year return access

Users can access and amend their prior year’s returns using the Liberty Tax software.

Competitor import

Users can easily import their tax return data from other tax preparation software like TurboTax and H&R Block.

W2 download

It allows users to download their W2 form directly from their employer’s website, making it easy to input their income information into the software.

Credit maximizer

The credit maximizer feature helps users maximize their tax refunds by identifying tax credits and deductions they may have missed.

Tax return amendments

Users who need to amend their tax returns can do so easily with the Liberty Tax software.

360 degree support

It provides support in multiple languages, including Spanish, and also offers assistance for taxpayers with disabilities.

Audit assistance

Liberty Tax provides assistance to users who are audited by the IRS. The software provides guidance on how to respond to an audit and prepare for an appeal.

Seamless online-to-office transition

Users can easily transition from using the online software to visiting a Liberty Tax office for additional support or to file their returns in person.

Free double-check at participating Liberty Tax locations

Users who visit participating Liberty Tax locations can receive a free double-check of their tax returns by a tax professional to ensure accuracy and completeness.

Overall, Liberty Tax software offers a comprehensive set of features to help users prepare and file their tax returns with confidence.

How does Liberty Tax Online work?

If you’re looking for a reliable and convenient way to file your taxes this year, look no further than Liberty Tax Online! This tax preparation service has been helping individuals and businesses file their taxes since 1997. With over 4,000 locations across the United States and Canada, you’re sure to find one that’s convenient for you.

One of the unique features of Liberty Tax Online is that they offer both in-person and online tax preparation services. You can file your taxes online using their easy-to-use tax preparation software visit one of their many locations and have a tax professional assist you in person.

And if you’re someone who speaks Spanish, Liberty Tax Online also offers Hispanic services to ensure that language barriers don’t prevent you from getting the help you need.

But what if you’re not sure which option is right for you? With Liberty Tax Online, you have the flexibility to switch between online and in-person services as needed. You can start with their online tax preparation software and then switch to in-person preparation if you reach a point where you need more assistance.

And the best part? You can sign up for Liberty Tax Online for free! You only pay when you’re ready to e-file your tax return, so there’s no risk involved in trying out their service. And if you refer a friend to Liberty Tax Online, you could earn up to $50 through their Send-a-Friend program.

So don’t let tax season stress you out this year. Choose Liberty Tax Online for a hassle-free and reliable tax preparation experience.

Who is Liberty Tax Online good for?

Liberty Tax Online is a tax software designed to simplify tax preparation for individuals and small business owners. Here are some of the groups of people who may find Liberty Tax Online to be a good fit for their needs:

Individuals looking for an all-around good tax software

Liberty Tax Online offers a user-friendly interface and an easy-to-follow interview process that guides users through their tax returns step-by-step. The software is equipped to handle a variety of tax situations, including simple tax returns, itemized deductions, and self-employment income.

Small business owners looking for a mix of in-person and online help

Liberty Tax Online offers the option to file taxes online or work with a tax professional in-person at one of their many brick-and-mortar locations. This makes it a great option for small business owners who prefer the convenience of online filing but want to speak with a professional for more complex tax situations.

Those looking for affordable tax software

Liberty Tax Online offers competitive pricing compared to other popular tax software options. Users can choose from different packages depending on their tax needs and budget, making it a great option for those looking for a cost-effective way to file taxes.

What type of taxes can Liberty Tax Online handle?

Liberty Tax Online is capable of handling several special tax scenarios beyond basic tax returns. These include estate and retirement planning, small business and self-employment taxes, investment and property taxes, payroll and 1099 taxes, non-profit tax preparation, and even cryptocurrencies.

• For individuals with complex tax issues, such as those who own businesses or work as self-employed taxpayers, Liberty Tax Online offers sophisticated tax preparation software that can process additional tax forms and tackle more deductions and credits. The software is designed to handle special tax scenarios that require a higher level of expertise.
• For estate and retirement planning, Liberty Tax Online can help with estate tax returns, gift tax returns, and fiduciary tax returns. Additionally, the software can assist with the preparation of income tax returns for trusts and estates.
• Liberty Tax Online can prepare Schedule C and Schedule SE forms for small businesses and self-employed taxpayers, which are necessary for reporting self-employment income and deductions. The software can also handle business tax returns, such as Form 1120S for S-corporations and Form 1065 for partnerships.
• For investment and property taxes, Liberty Tax Online can assist with the preparation of Schedule D, which is used for reporting capital gains and losses. The software can also handle rental property income and expenses.
• For payroll and 1099 taxes, Liberty Tax Online can help with the preparation of W-2 and 1099 forms, which are necessary for reporting employee and contractor income. The software can also assist with payroll tax returns, such as Form 941 for employers.
• For non-profit tax preparation, Liberty Tax Online can prepare Form 990, which is used for reporting the income and expenses of tax-exempt organizations. The software can also handle Form 990-EZ for smaller non-profit organizations.
• Lastly, Liberty Tax Online can even handle cryptocurrencies, which have become increasingly popular in recent years. The software can help taxpayers calculate capital gains and losses from cryptocurrency transactions and report them on their tax returns.

Top Liberty Tax software alternatives comparison

In this section, we will compare various alternatives to Liberty Tax software, which is a popular tax preparation software used by many individuals and businesses. 

There are several alternatives available in the market that offer similar features and functionalities. These include TurboTax, H&R Block, TaxSlayer, TaxAct, and FreeTaxUSA. 

Each of these alternatives offers different pricing plans, ranging from free to paid options, with varying levels of customer support, business filing options, deduction finders, and federal and state filing capabilities. 

This comparison will help you determine which tax software option best fits your needs and budget.

What does Liberty Tax Online charge for filing a tax return?

Liberty Tax Online offers tax preparation services at different price points depending on the complexity of your tax return. The prices for their federal tax return services are as follows:

For basic and standard tax returns, the price is the same. However, if you require a premium service that includes more advanced tax preparation features, such as itemized deductions or investment income, you will need to pay the higher price of $89.95.

In addition to their federal tax return services, Liberty Tax Online also charges a fee for filing state tax returns. The cost of filing a state tax return with Liberty Tax Online is $34.95.

What are the additional benefits of using Liberty Tax software?

In addition to its core services of federal tax filing and preparation, Liberty Tax Online offers a range of additional benefits that can help simplify the tax filing process. These features include:

• Audit support
• Automatic error detection
• A tax deduction finder

It’s worth noting that other tax preparation firms may charge a premium for these same benefits, and it’s important to evaluate whether you actually need them before choosing a provider. By taking the time to assess your unique needs, you can find a tax preparation firm that offers the right combination of features at a reasonable price.

Conclusion 

Liberty Tax software shines as a comprehensive and reliable solution for tax preparation. With its user-friendly interface, robust features, and accurate calculations, Liberty Tax software simplifies the tax filing process for individuals and businesses alike. From guided prompts to in-depth error checks, Liberty Tax software ensures a seamless and stress-free tax experience. Trust in Liberty Tax software to maximize your tax savings and achieve financial peace of mind.

Frequently asked questions

• Is Liberty Tax software easy to use?

Yes, Liberty Tax software is designed to be user-friendly and provides step-by-step guidance to help users prepare and file their taxes accurately.

• Can I file my taxes using Liberty Tax software if I live outside the United States?

No, Liberty Tax software is only available for taxpayers residing in the United States with a valid social security number or individual taxpayer identification number.

• Is Liberty Tax software secure?

Yes, Liberty Tax software uses the latest security measures to protect user data and prevent unauthorized access.

• Can I get a refund if I am not satisfied with Liberty Tax software?

Yes, Liberty Tax offers a satisfaction guarantee and will refund your purchase price if you are not completely satisfied with the software.

• What if I have questions or need help while using Liberty Tax software?

Liberty Tax software provides customer support through various channels, such as email, phone, and live chat, to help users with any questions or issues they may have while using the software.

• Is Liberty Tax software available for Mac users?

Yes, Liberty Tax software is available for both Windows and Mac users. It can be accessed from any desktop or mobile device with an internet connection.