Taxbrain Tax Software Review

Taxbrain with partner Liberty Tax service offers tax preparation services through its network of tax professionals and online tax preparation software. Taxbrain currently markets four tax preparation editions to help people with varying degrees of tax preparation needs.

Versions

1040 EZ

1040 Basic

1040 Deluxe

1040 Premium

Plans and Features

1040 EZ ($14.95)

• Single or married, under 65
• No dependents
• Standard deduction
• Taxable income under $100,000

*** Add state for $9.95

1040 Basic ($19.95)

• All 1040 EZ features
• Have dependents
• Above  the line deductions
• Standard deduction
• Retirement income

*** Add state for $29.95

1040 Deluxe ($39.95)

• All 1040 Basic features
• Itemized deductions
• Alternative minimum tax
• Stocks and capital gains
• First-time homebuyer repayment

*** Add state for $29.95

1040 Premium ($69.95)

•  All 1040 Deluxe features
• Business, farm or rental property
• Self-employed
• Depreciation, deduction or sale of business assets

*** Add state for $29.95

Features

Federal Tax Preparation (fees required)

State (additional fees required)

Data import

• Previous year’s tax returns
• W-2 and 1099
• Import tax forms from other services

Accuracy

• 100% accuracy guarantee
• Tax filling errors alerts
• Tax reviews

Refunds

• Direct deposit to your bank account
• Use deductions to pay for tax preparation services
• Check deposits

Support Services

Expert support available

Hotlines

Live chat support

Email

Taxbrain Preparation Software Summary

One thing not going for Taxbrain tax preparation service is the lack of free federal return which most if not all of the top services being reviewed offer. However, it does a good job in helping create simple tax returns. But for those having a complicated time completing their forms, help is readily available.