TurboTax and TaxAct are two highly regarded tax preparation software options, notes the official website of each company. Each option has a different fee structure to file taxes for a maximum refund.
TurboTax has software that searches over 350 tax deduction options, notes the organization's website. The software also comes with 24-hour support. Some of the options allow taxpayers to understand implications of filing single, having children, owning a home, maximizing deductions and credits, selling stock or owning a business.
TaxAct offers multiple payment products including free, basic, plus and premium, according to its website. These options differentiate based on the level of complexity associated with a return. TaxAct aims to maximize credits and deductions, track donations and report on investments and rental income.