TurboTax is a very easy to use and comprehensive tax software with 350 tax deductions which double checks your tax returns and guarantees 100 accuracy in calculations.

Business Tax Software 2015 For Mac Of 2020

Wacom Cintiq 22 Review Advertising Disclosure Contact Advertising Sponsorship Privacy Policy 5 Best Tax Software For Mac of 2020 MacHow2 Last Updated: July 7, 2020 If youve been looking for tax software in the Mac App Store youre out of luck because there isnt any but weve looked at the very best tax software for Mac to help maximize your refund in 2020.

The important thing to be aware of from the start is that there are no longer any tax filing desktop apps for Mac anymore.

Business Tax Software 2015 Free But Theyre

The best tax preparation software for Mac users such as our top pick TurboTax is free but theyre all online and even many Windows desktop apps are being phased out.

Remember that for the 2019 tax year, the US tax filing deadline has been extended for 3 months from April 15th to July 15th 2020 in the wake of the coronavirus (COVID-19) outbreak.

Tax software makes things a lot easier than trying to file taxes on your own whether its personal tax returns or small businesses that need S-Corp filing on Mac.

In these tax filing software reviews, weve looked at a combination of income tax software and business tax software for Mac users that need to file corporate accounts in 2020.

Note that all the programs featured here are for filing taxes in the USA and Canada only and all are compatible with the latest versions of macOS including Mojave and Catalina.

Quick Navigation Mac Tax Software: What You Need To Know Which Credits, Refunds And Deductions Are Supported Accuracy And Audit Protection Guarantees 1.

TurboTax Online (Free) 2.

TaxAct 3. TaxSlayer 4.

HR Block (25 Off) 5.

A bonus is that it does all this for free although youll find almost every tax filing solution only offer this for State and Federal returns.

The sort of information youll need on hand to enter into tax software are typically: W-2 Income College Tuition Expenses Interest and Dividend Income Mortgage Interest Other Income and Expenses Important documents and information to make sure you have include: W-2 and 1099: One handy feature of TurboTax is that it allows you to take a photo of these documents and import them into the software.

Student loan interest form including tuition fees (1098-E) Mortgage and Property interest (Form 1098) Contributions to IRAs or retirement funds Any medical bills greater than 10 of your income Receipts for business expenses and other deductibles Charitable donation receipts If youve got these handy, it will make life easier whichever solution you choose so that you dont end-up wondering if theres something missing or if youve forgotten something.

Which Credits, Refunds And Deductions Are Supported If youve made a big purchase (such as a hybrid or electric car) and are expecting a nice big refund for it, double-check that the tax software supports those kind of returns.

Tax software vendors usually keep software updated annually regarding tax laws and whats refundable or not but theyre not always bang on the ball so check with the developer first if youve made a major purchase.

Important credits and deductions worth looking at in any tax software include: Charity Donations Itemized Deductions Business Owner Deductions Depreciation Summaries Rental Property Deductions Finally, its also worth checking what payment methods the tax software accepts tax refunds such as check, bank transfer, prepaid debit card, credit card, savings bonds etc as some only support specific refund types.

Accuracy And Audit Protection Guarantees Check whether the software offers any guarantees regarding accuracy and audit protection.

Both TurboTax and HR Block offer guarantees for both which gives you some support or financial compensation if youre informed by by the IRS that theres a problem with your return.

Along with deduction maximization and general support, this is one of the major differences between paid and free tax software.

For instance, TurboTaxs Audit Defense feature means that in the case of an audit, an Intuit tax professional will take care of administrating an audit so that you can concentrate on other things.

TurboTax also offers an accuracy guarantee that in case of any inaccuracies, it will pay any of your IRS penalties.

Note however that no tax software can provide guarantees that you wont be audited they simply provide comprehensive backup and mediation if you are.

You May Also Like: The Best Personal Finance Software For Mac The Best Accounting Software For Mac With all this in mind then, here are the best tax preparation software for Mac of 2020 in order of ranking.

TurboTax Online (Free) Intuits TurboTax is our choice as the best tax filing software for Mac in 2020 and its free for Federal and State taxes until July 15th 2020.

All you have to do is import your W-2, answer a few simple questions and TurboTax will automatically calculate the maximum refund you can get.

Business Tax Software For Mac 2015