Yes, Credit Karma is also known for its services in the tax category. This premium software is available for free for all users, for both state and federal taxes.
The program provides 100% assurance for accurate calculations. Additionally, it covers individuals with free Audit Defense for those who get audited.
They also provide 100% assurance to users that they will receive the refund they are entitled to. Best of all, there are no hidden charges and no sudden fees.
It helps users manage all chief IRS schedules and forms that include related complex tax situations. Users can also import last year’s returns completed by any other software previously.
As a bonus, the interface offers a searchable guide.
If you’re self-employed, then you must be extra careful when choosing a tax software tool because that’s what should help you manage taxes efficiently.
Overall, the software can help import your data, optimize your tax deductions, checks for any mistakes, and offer unparalleled customer support.
So, for those who are wondering what’s the best tax software for self-employed, this should be your ultimate list.
FAQ: Learn more about accounting software for self-employed
- Is QuickBooks Self Employed worth it?
If you’re looking for an accurate software tool that can meet most of your accounting needs as self-employed, then QuickBooks is indeed a great choice.
- Do I need an accountant if I am self-employed?
Having an accountant is not mandatory in this case. You may only use one of these great accounting software tools for self-employed.
- How is the self-employment tax calculated?
Using any self-employed tax calculator for 2020 should give you pretty much the same results. The tax rate is 15.3% on the initial $137.700 worth of net income, plus 2.9% on net income over $137.700.
Editor’s Note: This post was originally published in September 2019 and has been since revamped and updated in July 2020 for freshness, accuracy, and comprehensiveness.
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