Do the other software help adjust funds to but in your IRA account to save taxes
There might be a couple of things I need I am full time employed with 401k ira acccount and self-employed. I have been using turbo tax for over 10 years, and I think they are getting to costly. One thing I did like at the end is they tell me if I put $$$$ money in my IRA account by the April 15, date I could save such and amount of money on my taxes and if I live until 80 years at least I will have money at 70 years tax free. Do the other software help adjust funds to but in your IRA account to save you on taxes?
Hi, Harold – thanks for the question!
Though they do charge fees, Turbo Tax is still a great provider. Features like automatically adjusting your tax liability based on IRA contributions will vary by product, but you can save on taxes by making pre-tax contributions to a retirement plan regardless of what tax filing software you choose.
If you’d like more information on what other tax filing software solutions we recommend, be sure to check out this buyer’s guide: https://fitsmallbusiness.com/best-tax-software-provider-turbotax-vs-hr-block/
Hope this helps!
Disclaimer: We spend hours researching and writing our articles and strive to provide accurate, up-to-date content. However, our research is meant to aid your own, and we are not acting as licensed professionals. We recommend that you consult with your own lawyer, accountant, or other licensed professional for relevant business decisions. Click here to see our full disclaimer.
Product or company names, logos, and trademarks referred to on this site belong to their respective owners.