Best Free DIY Tax Software Options for 2023

The deadline to file your 2022 taxes is Tuesday April 18, 2023.  We know that filing your taxes can be a daunting task, especially if you're not familiar with tax laws and regulations. However, with the rise of technology, online tax software has become more accessible, making it easier for taxpayers to file their taxes accurately and efficiently. But with so many options available, it can be overwhelming to decide which one is the best fit for your needs. In this article, we will explore the top free online tax software. So, whether it’s your first time filing your taxes online, or you’re looking to switch from your current software, we’ll help you find the best free online tax software for your needs.

TaxSlayer Simply Free – Best for Simple Tax Situations

TaxSlayer Simply Free is a good choice for those with simple tax situations, such as a taxable income of less than $100,000 and no dependents. The software offers a lot of the same standard amenities as its competitors for its free package. However, if you need guidance, you will need to opt for one of TaxSlayer's paid support tiers.

What sets TaxSlayer apart from other programs is that the paid levels are based on the level of support you need, rather than offering standard extras. While TaxSlayer's paid levels are not as affordable as some of its competitors, the software is still a great option for those who need a little extra help with their taxes.

H&R Block Free Online – Best for Slightly More Complex Filers

H&R Block's Free Online software is another excellent choice for taxpayers looking for free tax preparation software. The software has a well-designed and intuitive interface that makes it easy to navigate. What sets H&R Block's free version apart from some of its competitors is that it also allows you to file Form 1040 Schedule 1, 2, and 3. These forms may be required if you have nonrefundable tax credits or other sources of income.  Although H&R Block's free version has more features than some competitors, you may still need to upgrade to one of their paid packages if you plan on itemizing your deductions or have business expenses.

H&R Block also offers a newly redesigned mobile app that makes it easy to upload information and meet with a tax preparation expert. However, H&R Block's paid versions are not as affordable as some of its competitors, so keep that in mind if you think you may need to upgrade.

Cash App Taxes – Best for State and Federal Returns

Cash App Taxes (formerly Credit Karma Tax) offers free federal and state tax returns for users. The software is easy to use and guides filers through the process while offering simple explanations to demystify confusing tax jargon along the way.

Cash App Taxes also offers a maximum refund guarantee and free audit support, making it an attractive option for those who are confident in their ability to handle their own taxes. However, keep in mind that Cash App Taxes does not support filing for multiple state tax returns.

TaxAct Free Edition – Best Value

TaxAct is an affordable and user-friendly tax preparation software that offers a free version for filers with simple tax situations. Its paid versions are significantly cheaper than those of its competitors, making it an ideal option for those who want advanced tax software with an affordable price tag.

In addition, TaxAct offers free federal and state filing if you meet certain age and income requirements criteria. TaxAct also allows users to manually import information from other services and offers free mobile filing with its app.

FreeTaxUSA - Best for Those Looking to Switch Software

As the name implies, FreeTaxUSA is a tax preparation software that allows users to file their federal taxes for free, regardless of their tax situation. One great feature of FreeTaxUSA is that it auto-fills forms, making it easy to import your W-2s or previous year's tax return information from other tax preparation software such as TurboTax, H&R Block, or TaxAct. This reduces the need to manually enter the information, saving time and ensuring accuracy.

If you have a more complex tax situation or may be looking for more peace of mind, FreeTaxUSA also offers a Deluxe version that includes live chat with a tax specialist, unlimited amended returns, and priority support for $7.99.  Users also have the option of filing a state return for an additional $14.99.  These are some of the most affordable paid options available.

TurboTax Free Edition – Best Overall

TurboTax is a well-known and trusted name in the tax preparation software market. Its Free Edition continues to be a top pick for taxpayers who have a basic W-2 and intend to file a Form 1040. Additionally, it can be used to claim the Earned Income Tax Credit and Child Tax Credit. TurboTax also offers a user-friendly interface and 24/7 online support, making it our choice for best overall free tax software.

However, keep in mind that TurboTax is only free for filers whose taxes are very simple. If you have a more complicated tax situation, such as self-employment income, 1099 income, itemized deductions, or schedules 1, 2 or 3 of Form 1040, you may need to upgrade to a paid version.

The Best Way to Compare Free Tax Software

The Internal Revenue Service Free File is an excellent choice if you want to compare software options. The US government offers free online filing through various partner providers. To qualify for the free services, your adjusted gross income (AGI) must be $73,000 or less. However, if you earn more than that, you can still complete forms such as Form 1040 online for free as long as you’re able to prepare your tax return on your own.

When selecting a DIY tax option, it's essential to consider how you plan to use the program and the areas where you may require the most assistance. If you're a first-time filer, a guided wizard program may be your optimal choice to prevent expensive errors. However, if you're a tax expert, opting for a simpler program could save you both time and money. Regardless of the method you select, ensure that you pay your taxes on time to avoid any penalties and plan for a prosperous financial future.

Online Tax Software and Filing FAQs

Can I file my taxes for free with the IRS?

If your adjusted gross income is $73,000 or less, you can file your taxes for free with the IRS. Find a provider with the IRS Free File Online: Lookup Tool.

Is free tax software really free?

There are a number of tax software providers that offer totally free tax filing, such as Cash App Taxes and TurboTax. In order to qualify, you typically need to meet certain criteria and/or be able to prepare your taxes on your own.

If I file online, how long will it take to get my tax refund?

According to the IRS, you should expect to receive your tax refund in 21 days. However, there may be delays due to pandemic processing issues. If your refund is overdue, you can check its status at Where’s My Refund.

Is it safe to file my taxes online?

Yes, it is widely considered safe to file your taxes online as long as you use a reputable platform and take necessary precautions to protect your personal information.

What documents do I need to file my taxes online?

You'll need to gather your income statements, such as W-2s, 1099s, and other tax documents that show your income and expenses for the year. You'll also need to provide personal information, such as your social security number, and details about any deductions or credits you're eligible for.

What if I make a mistake on my tax return filed online?

If you make a mistake on your tax return, you can usually file an amended return to correct it. The process for amending your return may vary depending on the software or platform you use to file your taxes.

Can I get help with my taxes if I file online?

Yes, most online tax filing platforms offer customer support to help you with any questions or issues you may have while filing your taxes online. Some platforms also offer professional tax preparation services or access to tax experts. Some charge additional fees for these services so be sure to read the fine print.