Out of the four variants of TaxAct software, the second one is TaxAct Deluxe (we have already covered TaxAct Basic in detail). If you plan to start using TaxAct software, knowing each of its variants’ intrinsic details and features will help you make the proper selection.
Why Use TaxAct Deluxe?
TaxAct Deluxe software is primarily meant for homeowners, individuals paying off their student loans, and families having to deal with childcare expenses in its downloadable form. However, before we get into the benefits in detail, you should also know that you can host TaxAct software on the cloud with the help of a reliable cloud solution provider.
Read more: 9 Common FAQs Related to Tax Software Hosting.
Benefits of TaxAct Deluxe
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Several Import Options
Like TaxAct Basic, you can use TaxAct Deluxe to transfer vital data from last year’s tax return. This easy transfer of details helps minimize manual errors that may occur.
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Alerts to Reduce Audit Risks
This advanced tax software diagnoses your returns to find and bring forward the errors and omissions that can result in a higher risk of an audit. It will also suggest tax-saving opportunities to help you increase your savings.
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Easy Search for Credits and Deductions
Another helpful feature of TaxAct Deluxe is the inclusion of diverse forms and features using which you can easily find all your deductions and credits. This will ultimately help minimize your taxes and ensure the maximum guaranteed refund.
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Amended Tax Returns at Zero Cost
If you want to amend the IRS return, TaxAct Deluxe software can help. You can file Form 1040X using this software at any time. You can also avail of this benefit with TaxAct Basic.
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My Forms
You can easily view the forms and schedules included in your IRS return using this feature. It also allows you to add copies of required documents and view the in-progress forms.
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Donation Assistant
This insightful feature of TaxAct Deluxe can help you track charitable donations to provide audit-backed values. In other words, you can maximize the tax deductions while also eliminating the guesswork using this software variant.
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Coverage for Diverse Tax Situations
Using this tax software, you can get tax breaks from investments, mortgage interests, and several other ways using the proper forms and tools provided with it. TaxAct Deluxe is considered a perfect software solution to cover every situation for tax breaks.
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Bookmarks
It often happens that individuals cannot complete preparing the returns in one go. In some cases, leaving it in between may cause loss of the stored data, hence making them start from scratch again. TaxAct Deluxe software has the ‘BookMarks’ feature as a solution for such needs. You can use it to bookmark questions and navigate them whenever you want.
Pricing of TaxAct Deluxe
TaxAct Deluxe download version has been priced at $119 (apx), including 1 free state return. For more state returns, you need to pay $50 each.
Federal Tax Forms and Schedules Supported by TaxAct Deluxe
TaxAct Deluxe supports all the tax forms and schedules covered by TaxAct Basic. In addition, it also covers the following:
- Form 1040NR
- Form 1040ES
- Form 1040SS
- Form 1040NREZ
- Form 1116
- Form 2441
- Form 2106
- Form 2555
- Form 3115
- Form 3800
- Form 3468
- Form 3903
- Form 4136
- Form 4137
- Form 4562
- Form 4563
- Form 4684
- Form 4952
- Form 4835
- Form 4972
- Form 5074
- Form 5329 (Spouse/Taxpayer)
- Form 5405
- Form 5695
- Form 5884
- Form 5884A
- Form 6198
- Form 6251
- Form 6252
- Form 6478
- Form 6781
- Form 6765
- Form 7202
- Form 8283
- Form 8396
- Form 8582
- Form 8582CR
- Form 8586
- Form 8594
- Form 8609
- Form 8609A
- Form 8621
- Form 8689
- Form 8801
- Form 8814
- Form 8820
- Form 8824
- Form 8826
- Form 8828
- Form 8829
- Form 8833
- Form 8835
- Form 8839
- Form 8840
- Form 8843
- Form 8844
- Form 8845
- Form 8846
- Form 8853
- Form 8864
- Form 8874
- Form 8880
- Form 8881
- Form 8882
- Form 8885
- Form 8889
- Form 8896
- Form 8900
- Form 8906
- Form 8908
- Form 8910
- Form 8911
- Form 8919
- Form 8923
- Form 8932
- Form 8933
- Form 8936
- Form 8938
- Form 8941
- Form 8958
- Form 8959
- Form 8960
- Form 8997
- Form 982
- Schedule A (Form 1040)
- Schedule A (Form 1040NR)
- Schedule B
- Schedule H
- Schedule J
- Schedule NEC (Form 1040NR)
- Schedule OI (Form 1040NR)
- Schedule SE (Spouse)
- Schedule SE (Taxpayer)
- Schedule D
- Schedule E
- Schedule C
- Schedule F
- Form 8949
Note: The pricing and details related to supported Forms & Schedules are obtained from TaxAct official website.
Benefit More with TaxAct Hosting
If you are convinced that TaxAct Deluxe is the right choice for your needs, now is the time to hire a TaxAct hosting solution provider. With Verito, you can benefit from hosting your tax software on our high-performance cloud servers. In addition, we ensure maximum uptime and rolling-backup benefits so that you can focus on what matters most for your work/business.
Call us at 1-855-583-7486 for more information.
