Tax season isn’t getting any simpler—but with the right tools, you can file accurately, save time, and even boost your refund. In today’s fast-paced environment, updated fee averages and modern software options are essential.
Updated Tax Preparation Fee Averages
According to recent surveys by the National Society of Accountants and market research for 2023–24:
- Individual Returns:
- Standard Form 1040 (no itemizations): Approximately $235
- Itemized Returns: Around $340
- Self-Employment (Schedule SE): Additional $45 on average
- Overall Spending:
- The IRS now estimates that the average taxpayer will spend about $160 on filing, while business owners might shell out up to $620 due to the additional complexities involved.
As fees gradually rise with increased complexity and tighter deadlines, choosing the right method for your tax filing can mean the difference between extra costs and peace of mind.
Why Choosing the Right Tax Software Matters
Modern tax software is more than just number-crunching—it’s about:
- Accuracy & Efficiency: Advanced systems automatically update with the latest tax laws, perform error checks, and integrate with popular accounting tools.
- Time Savings: Automation streamlines data entry and calculations, freeing you up to focus on growing your business or enjoying your life.
- User-Friendly Interfaces: Intuitive design and guided questionnaires help even non-experts confidently file returns.
- Data Integration: Seamless import of W 2s, 1099s, and other financial data minimizes errors and speeds up the process.
For those whose tax situations are more complex, the alternative is to rely on a professional. But even professionals are turning to software to optimize their workflow—and many top platforms are now trusted by millions of users nationwide.
Top 10 Tax Software Comparisons
Below is a quick rundown of the leading tax software solutions used by professionals and individual filers today:
1. ProSeries (Intuit)
- Best for: Small-to-mid-sized tax practices
- Highlights: Form-based entry, QuickBooks desktop integration, real-time client communication
- Pricing: Packages starting at around $750 MSRP (with annual subscription options near $400 for basic 1040 filings)
2. Lacerte (Intuit)
- Best for: High-volume professionals handling complex returns
- Enhanced Transparency: Robust diagnostics, error-checking, seamless K-1 transfers
- Pricing: Options starting in the mid-600s annually, with pay-as-you-go modules available
3. Drake Tax
- Best for: Speed and efficiency for small to mid-sized firms
- Highlights: Rapid error identification, online e-filing, and customizable reminders
- Pricing: Federal filing fees start at about $40–$70, with additional state fees
4. TurboTax
- Best for: DIY filers seeking an intuitive interview-style experience
- Highlights: Extensive import options, up-to-date tax law integration, live expert support (via TurboTax Live)
- Pricing: Paid packages range from $89 to $169 (plus state fees), with a free option for very simple returns
5. H&R Block
- Best for: Comprehensive support from DIY to in-person assistance
- Highlights: User-friendly interface, access to free live chat support on paid tiers, in-person office access
- Pricing: Free edition available; paid packages start at around $35–$85 plus state fees
6. ATX Tax Software
- Best for: Freelance accountants and small firms needing a wide form library
- Highlights: In-depth compliance tools, error checkers, and detailed walkthroughs
- Pricing: One-time payments ranging from $529 to $3,949 depending on the package
7. TaxSlayer
- Best for: Affordable yet feature-rich solutions for individuals and professionals
- Highlights: Low-cost packages, excellent online support, and robust e-filing capabilities
- Pricing: Free version available (with restrictions) and paid packages starting as low as $27.95 plus state fees
8. FreeTaxUSA
- Best for: Budget-conscious filers who still require comprehensive support
- Highlights: Free federal filing, affordable state returns (around $15 each), and a user-friendly platform
- Pricing: Nearly free federal returns with nominal state fees
9. UltraTax CS
- Best for: High-end tax practices requiring multi-state processing and advanced document management
- Highlights: Multiple monitor support, streamlined source document processing, secure e-signature options
- Pricing: Custom pricing available upon request
10. TaxAct
- Best for: Small business owners and individual filers looking for a balance of affordability and functionality
- Highlights: Straightforward interface, easy data import from prior years, and tiered packages for diverse needs
- Pricing: Paid packages typically range from $27.95 to $69.99 plus state fees, with a free edition for simple returns
Your Best Tax Outcome Starts with Cogneesol
While each tax software option comes with its own set of features and price points, nothing beats the peace of mind that comes from knowing experts are handling your tax returns accurately and efficiently. If you’d rather skip the stress of DIY software—even with its many attractive features—Cogneesol’s Tax Filing Services are here to help.
Why choose Cogneesol?
- Expert Oversight: Our seasoned tax professionals use cutting-edge technology (including integrations with the top software platforms) to ensure every detail is correct.
- Maximum Refund Guarantee: We calculate every deduction and credit you’re entitled to, ensuring your tax return delivers the highest possible refund.
- Audit Defense & Accuracy: With our 100% accuracy promise, we back our work with audit support, so you’re never left alone if the IRS comes calling.
- Streamlined Process: With our 100% accuracy promise, we back our work with audit support, so you’re never left alone if the IRS comes calling.
Don’t let rising fees and complicated forms overwhelm you this tax season. Contact Cogneesol today at info@cogneesol.com or call +1 646-688-2821 to learn how we can handle your taxes professionally and securely.
Re-Invent & Re-Imagine your Tax filing with Expert Help from Cogneesol
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