File Your Taxes On Your Phone
Desktop and laptop computers are becoming increasingly obsolete as mobile tech continues to dominate our lives. One sure sign of mobile dominance – more Americans than ever are filing their taxes on their phones.
Gone are the days of waiting in line at the post office on April 15 to mail in your tax forms. The IRS reports that 80 percent of all filings are done electronically, and the easy user interface of Intuit’s TurboTax website certainly helped make that transition possible. Now the innovative company is leading the push to filing by smart phone.
The TurboTax app for iOS and Android devices allows you to snap photos of your W-2 and 1099 forms to easily add your tax information. The app then walks you through step by step, starting with personal information, on through deductions and credits. If you get stuck, there’s a live video chat. And TurboTax puts a big emphasis on security. There are several packages available depending on what you need to file, ranging from Federal Free for 1040A and 1040EZ filings, which runs $34.99, to packages for investors, home businesses, and on down the line. Filing from your phone makes it easy to look up TurboTax coupons to save on the fees.
H&R Block may have started as a brick and mortar business, but they’ve made a smooth transition to digital and are giving TurboTax a run for Intuit’s money. Their tax prep app has all the same features and security, with added service (you can easily find the nearest H&R Block location from your smartphone, for example). The app does reportedly have a few bugs, but it’s logo is the color of money, and they offer a free option for first time filers.
TaxAct Express is another player in the game, and while the app isn’t quite as robust as either the TurboTax or H&R Block offerings (you can’t add your W-2 by photo, for example), they do get kudos on their pricings.
The market for tax apps may be young, but with so much money in the game expect exciting developments from this segment of the market.