TaxSlayer Tax Software Review 2023

Performance at a Glance

Specifications	TaxSlayer Rating at a Glance	Our Verdict
Ease of Use		TaxSlayer's intuitive interface and step-by-step guidance make tax preparation a breeze.
Customer Support		Its customer support options are comprehensive, though limited by hours of operation.
Value for Money		Its competitive pricing and extensive range of product options make it valuable.
Features		TaxSlayer's features are comprehensive, though it may not offer the same level of import options as other software.

Features of TaxSlayer

Let’s explore some of the most critical features of TaxSlayer, a popular tax preparation software. From an easy-to-use interface to comprehensive customer support and a range of product options, we’ll delve into the benefits that set TaxSlayer apart and how the tool can benefit individuals seeking an affordable and efficient solution to file taxes.

TaxSlayer is a popular tax preparation software that offers a range of features to make tax filing easier and more efficient. Here’s a quick overview of its most valuable features:

Accuracy Guarantee

The tool offers an accuracy guarantee, which means that if an error occurs on your tax return due to TaxSlayer’s calculation mistake, they will reimburse you for any penalties and interest you incur.

Maximum Refund Guarantee

The platform also offers a maximum refund guarantee, which means that if you find another tax preparation software that results in a larger refund, TaxSlayer will refund your purchase price.

File From Any Device

TaxSlayer is a cloud-based software, which means you can access it from any device with an internet connection. This makes it easy to work on your tax return from anywhere, whether at home, at work, or on the go.

Free Options

TaxSlayer offers a free option for simple tax returns, which includes federal and state taxes. This is an excellent benefit for those with straightforward tax situations.

Advanced Online Security

TaxSlayer uses advanced online security measures to protect your personal and financial information. They use 128-bit SSL encryption, two-factor authentication, and other security measures to keep your data safe.

Free Plans for the Military

TaxSlayer offers free plans for military members, including active-duty and retired personnel. This is a great way to save money on tax preparation and ensure your tax return is accurate and complete.

Tax Tools and Resources

TaxSlayer offers a variety of tools and resources to help you navigate the tax preparation process. This includes a tax refund calculator, tax deduction finder, and other tools to help you maximize your refund and minimize your tax liability.

Multiple Refund Options

TaxSlayer offers multiple refund options, including direct deposit, paper check, and prepaid debit card. This gives you the flexibility to choose the refund option that works best for you.

How Does TaxSlayer Work?

TaxSlayer is a tax preparation software that simplifies the process of filing taxes. Here’s a step-by-step guide on how it works:

Create an Account

To use TaxSlayer, you must create an account on their website by providing basic personal information, such as your name, email address, and password.

Choose a Plan

TaxSlayer offers a variety of plans to suit different needs and budgets. This includes a free option for simple tax returns and more comprehensive plans for complex returns. You can compare the features and pricing of each plan and choose the one that best fits your needs.

Enter Your Information

Once you’ve chosen a plan, you can enter your tax information into the software. TaxSlayer will guide you through a series of questions and prompts to help you enter all the necessary information accurately. You’ll need to provide information, such as your income, deductions, and credits.

Double-check Your Entries

After you’ve entered your information, TaxSlayer will review your entries and check for errors or discrepancies. However, it’s always a good idea to double-check your entries yourself to ensure accuracy. TaxSlayer also offers a “Smart Review” feature that checks your return for errors and potential audit triggers.

Submit Your Return

Once you’re confident that your tax return is complete and accurate, you can submit it through TaxSlayer. The tool will provide instructions for filing your return electronically or by mail. If you’re filing electronically, it will automatically e-file your return.

Track Your Refund

TaxSlayer allows you to track the status of your refund so you know when to expect it. You can check the status of your refund on the TaxSlayer website or by using the IRS’s “Where’s My Refund?” tool.

Overall, TaxSlayer makes the process of filing taxes easy and convenient. It guides you through each step of the process and helps you avoid errors and potential audit triggers. 

How to Create a TaxSlayer Account?

Creating a TaxSlayer account is a simple process that can be completed in just a few steps. Here’s a detailed guide to help you:

Go to the TaxSlayer Website

Navigate to the TaxSlayer website by entering www.taxslayer.com in your web browser.

Click “Sign In”

Once you’re on the homepage, click on the “Sign In” button in the top right corner.

Click “Create Account”

On the Sign In page, click the “Create Account” button below the login form.

Enter Your Information

Fill out the account creation form with your personal information, including your name, email address, and a password. You’ll also need to choose and answer security questions to help secure your account.

Verify Your Email

After filling out the form, an email will be sent to the email address you provided during registration. Follow the instructions in the email to verify your email address.

Choose a Product

Once your email is verified, you’ll be redirected to the TaxSlayer homepage. Choose the product you want to use based on your tax preparation needs.

Enter Your Personal Information

Once you’ve selected a product, you must enter your personal information, including your name, social security number, and address. TaxSlayer will use this information to generate your tax return.

Enter Your Financial Information

After entering your personal information, you must enter your financial information, including your income, deductions, and credits. TaxSlayer will use this information to calculate your tax liability or refund.

Review Your Return

Once you’ve entered all your information, TaxSlayer will generate your tax return. Review it carefully to make sure all the information is correct and complete.

File Your Return

If you’re satisfied with your tax return, you can file it electronically through TaxSlayer. You’ll be prompted to enter your payment information to pay for the tax preparation service. If you’re eligible for a refund, you can choose to have it directly deposited into your bank account or receive it via check in the mail.

Thus, creating an account involves filling out a registration form, verifying your email address, choosing a product, entering your personal and financial information, reviewing your return, and filing your return electronically. With TaxSlayer, you can prepare and file your tax return quickly and easily from the comfort of your own home.

How to File Extensions on TaxSlayer?

Filing a tax extension on TaxSlayer is a simple process that can be done in just a few steps. But it’s important to note that a tax return cannot be recovered once you delete it on TaxSlayer. So, ensure you want to permanently delete the return before proceeding.

Log in to Your TaxSlayer Account

Go to the TaxSlayer website and log in to your account using your email address and password.

Choose the “File Extension” Option

On the TaxSlayer dashboard, choose the “File Extension” option under the “Federal” tab.

Fill Out the Extension Form

Fill out the extension form with your personal and financial information, including your name, social security number, address, estimated tax liability, and payment information if applicable. You must estimate how much you owe in taxes and pay it by the tax deadline to avoid penalties and interest.

Review the Form

Review the extension form carefully to ensure the information is correct and complete. If there are any errors, correct them before submitting the form.

Submit the Extension Form

After reviewing the form, submit it electronically to the IRS. TaxSlayer will confirm that your extension has been filed successfully and provide a confirmation number.

Pay Any Taxes Owed

If you owe taxes, you’ll need to pay them by the tax deadline to avoid penalties and interest. TaxSlayer offers several payment options, including electronic payment, credit or debit card payment, or payment by check or money order.

Filing an extension on TaxSlayer involves choosing the “File Extension” option, filling out the extension form with your personal and financial information, reviewing the form, submitting it electronically to the IRS, and paying any taxes owed by the tax deadline. With TaxSlayer, you can file an extension quickly and easily from the comfort of your own home.

How to Delete a TaxSlayer Return?

Deleting a tax return on TaxSlayer is a straightforward process. But it’s important to note that once you delete a tax return, it cannot be recovered. Therefore, make sure you want to permanently delete the return before proceeding. Follow these steps to delete a tax return:

Log in to Your TaxSlayer Account

Go to the TaxSlayer website and log in to your account using your email address and password.

Find the Return You Want to Delete

From the dashboard, locate the tax return you want to delete. You can find it under the “Your Tax Returns” section.

Click the “Delete” Button

Click the “Delete” button next to the return you want to delete. A confirmation window will pop up to confirm you want to delete the return.

Confirm the Deletion

Read the confirmation message and make sure you want to delete the return. If you’re sure, click “OK” to proceed.

Verify the Return is Deleted

After clicking “OK,” the return will be deleted from your TaxSlayer account. To verify that it has been deleted, go back to the dashboard and check the “Your Tax Returns” section to ensure the return is no longer listed.

As discussed, deleting a tax return on TaxSlayer involves logging in to your account, finding the return you want to delete, clicking the “Delete” button, confirming the deletion, and verifying that the return is no longer listed in your account. Following these simple steps, you can easily delete a tax return on the tool.

Top TaxSlayer Alternatives Comparison 

There are many tax preparation software solutions in the market. TaxSlayer is one option that has gained popularity among users due to its user-friendly interface, affordable pricing, and advanced features. However, with so many options available, it can be challenging to decide which one is the best fit for your needs. A comparison table can help you make up your mind.

Free USA

Free USA is a free online tax preparation software that offers a user-friendly interface and guides users through the tax preparation process. It supports federal tax filing, as well as state tax filing in 47 states. The software offers a simple process for filing taxes and allows users to e-file their tax returns for free. 

Additionally, Free USA provides free customer support via phone, email, and chat. While the software is free, additional services like audit protection may come with a fee. Overall, Free USA is excellent for those who want to file their taxes for free without sacrificing quality or customer support.

Cash App Taxes

Cash App Taxes is a tax preparation feature of the Cash App mobile payment app. The feature allows users to file their taxes for free and receive refunds directly into their Cash App account. Cash App Taxes supports federal tax filing, as well as state tax filing in all 50 states. The software offers a straightforward process for filing taxes and provides users with real-time updates on their refund status. Cash App Taxes also offers free customer support via phone and email.

However, the software may not be as robust as other tax preparation software options, and users may encounter limitations with certain tax situations. Overall, Cash App Taxes is a convenient option for those who want to file their taxes through a mobile app and receive their refunds quickly.

Conclusion 

TaxSlayer app stands as a reliable and user-friendly solution for tax preparation and filing. With its intuitive interface and step-by-step guidance, TaxSlayer simplifies the complex process of preparing and submitting tax returns. The app’s comprehensive features, including deduction maximization and error checking, ensure accuracy and maximize potential refunds. Additionally, TaxSlayer offers convenient options for e-filing and direct deposit, making the entire tax filing experience seamless and efficient. Whether you’re an individual or a small business owner, the TaxSlayer app provides a hassle-free and efficient solution for managing your tax obligations. Trust in TaxSlayer for a stress-free tax filing experience.

Frequently Asked Questions

• Does TaxSlayer Offer Refund Advance Loans?

Yes, TaxSlayer offers refund advance loans through its partner, Republic Bank & Trust Company. However, the availability of this service and the loan amount are subject to eligibility criteria and approval by the bank.

• Does TaxSlayer Offer Any Deals on Refunds?

TaxSlayer doesn’t offer any deals or incentives on tax refunds. However, they offer a maximum refund guarantee, ensuring users receive the highest possible refund based on their tax situation.

• Is TaxSlayer Reliable and Safe?

Yes, TaxSlayer is a reliable and safe tax preparation software with over 50 years of experience. It uses advanced online security measures to protect users’ personal and financial information. Additionally, the tool offers a maximum refund guarantee and an accuracy guarantee to ensure users receive the highest possible refund and accurate tax preparation services.

• Does TaxSlayer Offer a Mobile App?

Yes, TaxSlayer offers a mobile app that allows users to prepare, file, and track their tax returns on the go. The app is available for free download on both iOS and Android devices.

• Is TaxSlayer IRS-approved?

Yes, TaxSlayer is an IRS-approved e-file provider. It has been partnering with the IRS for over 15 years to offer electronic tax filing services to customers.

• How Many Returns Can I File With TaxSlayer?

The number of returns you can file with TaxSlayer depends on your chosen plan. With the Free edition, you can only file a federal tax return. However, with the Classic, Premium, and Self-Employed plans, you can file both federal and state tax returns. You can purchase additional returns within your TaxSlayer account if you need to file multiple returns.