I was recently contacted by the marketing rep at Complete Tax about hosting a giveaway of their software program to readers. Giveaways are a lot of fun, so I said sure, let’s do it! But before we give away any copies, let’s take a look under the hood and see what CompleteTax is all about.
CompleteTax is a do-it-yourself tax software program along the lines of TurboTax and H&R Block at Home. They offer an easy to use interface that can handle some fairly complex tax situations, making it an ideal solution for someone who has investing income, small business income, income from real estate, estates or trusts, and other complex situations. There is also a section to easily classify your deductions and tax credits, which will help shave your tax bill.
More CompleteTax features:
- Online Tax prep. No software to download.
- Free e-file. e-filing is fast, easy, and secure.
- Extensive resource list. Downloadable forms and worksheets, Tax Guide; Searchable FAQ section; Updated tax news; Tax and other financial calculators; state tax support; and more.
- Easy data import. Import W-2 information from leading payroll prep companies; Investors can import information from financial service firms, including Charles Schwab and Morgan Stanley, or from GainsKeeper to further simplify the Schedule D.
CompleteTax comes in several versions, with prices ranging from free to $49.95. Each higher version comes with all the features of the previous version, plus additional features. CompleteTax also handles state returns, which are $24.95 on all versions. Like most online tax prep software programs, you can start your return for free, and you only have to pay when you print or file your tax return. So if in doubt, start with a lower version of the software program and upgrade if necessary.
- Free: 1040EZ only, single or married filing jointly
- Basic ($9.95): Add child and dependent expenses; homeowner mortgage interest; education credits, tuition & fees; itemized charitable deductions
- Deluxe ($29.95): Add CharityDeductions calculator; Alternative motor vehicle credit; Stock/bond sale gains or losses
- Premium ($49.95): Add First-time homebuyer credit; Income from rental properties; Self-employment or contracting; Sole proprietorship and partnerships; K-1 income from S-Corporations; Royalties and stock dividends; Income from estates and trusts
The price for CompleteTax federal returns is comparable to the other major players in the online tax software industry and many reviews give CompleteTax flying colors, including TheStreet.com which named it the best tax software program due to its ability to handle complex tax returns with ease. Overall, I think CompleteTax competes well against TurboTax and H&R Block at Home, particularly if you have a more complex tax situation.