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CompleteTax Review

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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 Review

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 Versions

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.


Published or updated January 9, 2013.
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{ 10 comments… read them below or add one }

1 Financial Samurai

Howdy Ryan – How are things on your end? Thanks for hosting the giveaway. I haven’t pressed the “submit” button on my tax returns yet because I’m pretty sure there are some errors in there!

Thank you for your highlight.

Best, Sam

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2 Wendy

Hi!
I’d like to learn more about how to save money on home improvements. We’ve just purchased our first home (yay!) and are doing what we can to save money, including electrical audits, ect. But I’m sure there are lots of ways i can be saving more money but doing simple things. Like, how do I know when to start searching for better quotes on home owners insurance, and how much do I really need? ect.

Great blog!

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3 Ryan

Wendy,

There are dozens of great resources for saving money on home improvements. I have a couple articles on my site, but most deal with saving money on air conditioning costs and saving on heating costs. The electrical audits can be a great way to save money, as can installing an air vent booster.

I’d recommend shopping for better homeowner’s insurance rates at least once a year. You never know if you will be able to find someone who can offer lower rates. You may also try bundling your insurance and buying multiple insurance policies from the same provider – such as home, auto, life, etc.

Best of luck!

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4 Ben

Hey Ryan (or should I say Ryan) thanks for mentioning the Graduate School article. My one topic I’d like to learn more about is using EFTPS to pay taxes online.

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5 Ryan

Welcome, Ben.

You can read more information about enrolling in EFTPS here: How to Enroll for Electronic Tax Payments ( EFTPS ). Once you enroll in EFTPS you can make transfers to the IRS directly from your bank account. Just login to your EFTPS account with your password and PIN and you can make the transfer in just a few minutes. Keep in mind it takes a couple weeks to receive your PIN from the IRS, so get started early!

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6 Michele

I would like to know the difference between a FSA (Flexible Spending Account) and an HSA (Health Savings Account). I really thought they were both the same.

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7 Ryan

Thanks for entering, Michele!

Regarding your question – A Flexible Spending Account is not tied to a health insurance account and expires at the end of the year (whatever you don’t use is forfeited once the calendar year ends). The FSA can also be used for both medical expenses and child care expenses, whereas the HSA is only for medical.

A Health Savings Account is tied to a high deductible health insurance plan and can be maintained as long as you have that plan open. Funds in an HSA do not expire and can be invested.

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8 Luis Roddi

Hi, I am interested in the TAX giveaway, and also interested in learning on how being a single guy with a 40k salary I am not able to save enough for retirement nor afford a mortgage. What type of budgeting should I use?

Thanks

Luis

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9 Ryan

It can be difficult to find extra cash in a budget. One of the topics I have scheduled for the next couple weeks includes some money management tips that get back to the basics, and budgeting is one of the topics that is sure to be covered. Stop by again, or sign up for free updates via RSS or Subscribe via Email.

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10 JShelton

Beware, I filed my taxes yesterday using this software, and it contained a major glitch. I clicked that I don’t qualify for the American Opportunity Credit, yet somehow it showed up on my return as a credit! I even double checked my input after seeing this on my return. When I contacted their support, they kept implying I had just made an input error, but this is not the case, I have checked my input since and am 100% sure this is a glitch with their software.

Now I have to amend my return and hope that I don’t get charged a penalty by the IRS, which is frightening!

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