{"id":630375,"date":"2023-04-17T19:49:26","date_gmt":"2023-04-18T00:49:26","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/04\/17\/the-best-tax-software-for-self-employed-people-in-2023\/"},"modified":"2023-04-17T19:49:26","modified_gmt":"2023-04-18T00:49:26","slug":"the-best-tax-software-for-self-employed-people-in-2023","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/04\/17\/the-best-tax-software-for-self-employed-people-in-2023\/","title":{"rendered":"The Best Tax Software for Self-Employed People in 2023"},"content":{"rendered":"<div>\n<p>If you buy something through our links, we may earn money from our affiliate partners. <a href=\"https:\/\/smallbiztrends.com\/commerce-policy\" target=\"_blank\" rel=\"nofollow noopener\">Learn more<\/a>.<\/p>\n<p>Self-employed individuals often have unique tax requirements that can be overwhelming to manage during tax season. Fortunately, tax software can help you understand <a href=\"https:\/\/smallbiztrends.com\/2022\/03\/how-to-file-self-employment-taxes.html\">how to file self-employment taxes<\/a> and make the process easier by streamlining the filing process and providing guidance on available deductions and <a href=\"https:\/\/smallbiztrends.com\/2022\/12\/1099-rules.html\">1099 rules<\/a>. In this article, you\u2019ll discover several tax software options that stand out as the best for self-employed people, offering a combination of user-friendliness, affordability, and robust features.<\/p>\n<hr>\n<hr>\n<h2><span id=\"What_is_tax_software\"><\/span>What is tax software?<span><\/span><\/h2>\n<p>Tax software is a digital program that simplifies the complex process of filing taxes. It helps to calculate, prepare and submit your taxes accurately, whilst also ensuring you take advantage of all deductions you\u2019re eligible for. It eliminates the need to hire an accountant or invest in expensive tools. The <a href=\"https:\/\/smallbiztrends.com\/2022\/01\/best-tax-software-for-small-business.html\">best tax software for small business<\/a> is designed to make tax preparation easier and more efficient.<\/p>\n<h2><span id=\"Why_should_you_consider_self-employed_accounting_software\"><\/span>Why should you consider self-employed accounting software?<span><\/span><\/h2>\n<p>Self-employed accounting software offers many advantages for business owners in 2023. Here are five reasons why you should <a href=\"https:\/\/smallbiztrends.com\/2017\/03\/use-tax-software.html\">use tax software<\/a>:<\/p>\n<ul>\n<li><strong>Streamlines tax filing:<\/strong> Self-employed accounting software automates the tax filing process, reducing errors and saving time so you can focus more on your <a href=\"https:\/\/smallbiztrends.com\/2014\/07\/fun-self-employed-jobs.html\">fun self-employed jobs<\/a>.<\/li>\n<li><strong>Organizes income and expenses:<\/strong> The software categorizes income and expenses, helping you track cash flow and identify tax deductions.<\/li>\n<li><strong>Offers real-time financial insights:<\/strong> Self-employed accounting software provides real-time financial insights, enabling you to make informed decisions.<\/li>\n<li><strong>Provides data security:<\/strong> The software securely stores your financial data, protecting you from potential data breaches or losses.<span><\/span><span id=\"ez-clearholder-medrectangle-3\"><\/span><span data-ez-name=\"smallbiztrends_com-medrectangle-3\"><\/span><\/li>\n<li><strong>Affordable and easy to use:<\/strong> Most self-employed accounting software options are affordable and user-friendly, making them accessible to businesses of all sizes.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" data-ezsrcset=\"https:\/\/smallbiztrends.com\/ezoimgfmt\/media.smallbiztrends.com\/2023\/03\/The-Best-Tax-Software-for-Self-Employed-People-in-2023-150x84.png 150w,https:\/\/smallbiztrends.com\/ezoimgfmt\/media.smallbiztrends.com\/2023\/03\/The-Best-Tax-Software-for-Self-Employed-People-in-2023-300x168.png 300w,https:\/\/smallbiztrends.com\/ezoimgfmt\/media.smallbiztrends.com\/2023\/03\/The-Best-Tax-Software-for-Self-Employed-People-in-2023-620x347.png 620w,https:\/\/smallbiztrends.com\/ezoimgfmt\/media.smallbiztrends.com\/2023\/03\/The-Best-Tax-Software-for-Self-Employed-People-in-2023-660x370.png 660w,https:\/\/smallbiztrends.com\/ezoimgfmt\/media.smallbiztrends.com\/2023\/03\/The-Best-Tax-Software-for-Self-Employed-People-in-2023-768x430.png 768w,https:\/\/smallbiztrends.com\/ezoimgfmt\/media.smallbiztrends.com\/2023\/03\/The-Best-Tax-Software-for-Self-Employed-People-in-2023-850x476.png 850w,https:\/\/smallbiztrends.com\/ezoimgfmt\/media.smallbiztrends.com\/2023\/03\/The-Best-Tax-Software-for-Self-Employed-People-in-2023.png 1000w\"  decoding=\"async\" width=\"1000\" height=\"560\" src=\"https:\/\/smallbiztrends.com\/ezoimgfmt\/media.smallbiztrends.com\/2023\/03\/The-Best-Tax-Software-for-Self-Employed-People-in-2023.png\" alt=\"best tax software for self employed\" ezimgfmt=\"rs rscb12 src ng ngcb12 srcset\" data-ezsrc=\"https:\/\/smallbiztrends.com\/ezoimgfmt\/media.smallbiztrends.com\/2023\/03\/The-Best-Tax-Software-for-Self-Employed-People-in-2023.png\" ><\/p>\n<h2><span id=\"Best_Self-Employed_Tax_Software_Programs\"><\/span>Best Self-Employed Tax Software Programs<span><\/span><\/h2>\n<p>To help you choose the best self-employed tax software program for your business, we\u2019ve compiled a list of some of the top options available. These programs stand out for their user-friendly interfaces, comprehensive features, and affordability.<\/p>\n<h3><span id=\"1_Turbotax_Self_Employed\"><\/span>1. Turbotax Self Employed<span><\/span><\/h3>\n<p><a href=\"https:\/\/www.anrdoezrs.net\/click-5678193-13547334?url=https%3A%2F%2Fturbotax.intuit.com%2Fpersonal-taxes%2Fonline%2Fself-employed.jsp\" target=\"_blank\" rel=\"sponsored noopener noreferrer\">TurboTax Self-Employed<\/a> is a tax solution aimed at independent contractors and freelancers in the United States. With a rating of 4.6\/5 from 9,463 reviews, TurboTax Self-Employed offers a range of features, including industry-specific deductions, searching for 500 tax deductions and credits, personalized audit risk assessment, and self-employment tax guidance. The software is also available in Spanish.<\/p>\n<p>TurboTax Self-Employed offers step-by-step guidance, allows users to snap and auto-fill their 1099-NEC and 1099-K forms, and syncs with financial accounts to find and categorize work-related deductions. The software costs $119 for a Federal tax return and $59 for State taxes.<\/p>\n<h3><span id=\"2_Quickbooks_Self_Employed\"><\/span>2. Quickbooks Self Employed<span><\/span><\/h3>\n<p><a href=\"https:\/\/quickbooks.intuit.com\/self-employed\/\" target=\"_blank\" rel=\"noopener noreferrer\">QuickBooks Self-Employed<\/a> provides small businesses and independent contractors with basic bookkeeping tools to help them get ahead. Features include tracking mileage automatically via GPS, importing expenses from bank accounts, organizing receipts through photo categorization, running built-in reports to analyze business performance, and estimating and filing taxes.<\/p>\n<p>The software offers three flexible plans with varying levels of features, including a bundle with Intuit TurboTax Self-Employed that enables direct payment of quarterly estimated taxes and access to real CPAs for advice and help with filing. QuickBooks also automatically syncs all bank and credit card transactions for seamless tracking of income and expenses.<\/p>\n<h3><span id=\"3_H_R_Block_Self-Employed_Online\"><\/span>3. H&#038;R Block Self-Employed Online<span><\/span><\/h3>\n<p><a href=\"https:\/\/www.hrblock.com\/online-tax-filing\/self-employed-online-tax-filing\/\" target=\"_blank\" rel=\"noopener noreferrer\">H&#038;R Block<\/a> offers an online tax filing service, specifically designed for self-employed individuals and small business owners. The service includes features such as personalized guidance, technical support, and expense tracking, as well as easy importing of Uber income and support for reporting cryptocurrency sales.<\/p>\n<p>H&#038;R Block offers several guarantees, including a Max Refund Guarantee and an Accuracy Guarantee. The service also provides access to live phone or chat tech support and the ability to digitally organize tax documents for up to six years. It costs $115<\/p>\n<p>plus\u00a0$45 per state filed.<\/p>\n<h3><span id=\"4_TaxSlayer_Self-Employed\"><\/span>4. TaxSlayer Self-Employed<span><\/span><\/h3>\n<p><a href=\"https:\/\/www.taxslayer.com\/products\/taxslayer-self-employment-taxes\/\" target=\"_blank\" rel=\"noopener noreferrer\">TaxSlayer<\/a> offers a tax preparation service for self-employed individuals, including small business owners, contractors, and those with both 1099 and W-2 income. The service costs $59.95 plus state fees and provides support for entering business income and expenses, maximizing deductions, and accessing tax tips and resources.<\/p>\n<p>Users also have access to a tax professional with self-employed expertise for more complex tax questions and audit defense for three years. Tax payment reminders are also available to avoid unnecessary fees. TaxSlayer has been in operation for over 50 years and has a 4.4 out of 5 rating on Trustpilot.<\/p>\n<h3><span id=\"5_FreeTaxUSA\"><\/span>5. FreeTaxUSA<span><\/span><\/h3>\n<p><a href=\"https:\/\/www.freetaxusa.com\/self_employed.jsp\" target=\"_blank\" rel=\"noopener noreferrer\">FreeTaxUSA<\/a> is a tax preparation software that allows small business owners to prepare and e-file their federal and state taxes. Federal taxes are free while state tax returns are $14.99. The software supports various tax forms and deductions, including self-employed income, rental income, health insurance costs, vehicle expenses, and more.<\/p>\n<p>The company earns revenue from optional services and state tax returns. The platform also provides customer support and guarantees that users won\u2019t pay extra to file if they are self-employed, own a home, or have investments. FreeTaxUSA has filed over 50 million tax returns securely with the IRS.<\/p>\n<h3><span id=\"6_TaxAct_Self-Employed\"><\/span>6. TaxAct Self-Employed<span><\/span><\/h3>\n<p><a href=\"https:\/\/www.taxact.com\/individual-taxes\/online\/self-employed\" target=\"_blank\" rel=\"noopener noreferrer\">TaxAct Self-Employed<\/a> offers tax preparation services for freelancers, independent contractors, small business owners, and sole proprietors. They help users take advantage of all tax deductions they\u2019re eligible for and offer year-round support for business and quarterly taxes.<\/p>\n<p>TaxAct can import data from TurboTax and H&#038;R Block returns, and their products are easy to use, accurate, and secure. TaxAct Alerts ensures that users avoid errors, omissions, and missed tax-saving opportunities. TaxAct also offers a Maximum Refund Guarantee, Xpert Assist, and a $100K Accuracy Guarantee. Users can access and print prior returns for up to seven years after filing.<\/p>\n<h3><span id=\"7_eSmart_Tax_Premium\"><\/span>7. eSmart Tax Premium<span><\/span><\/h3>\n<p><a href=\"https:\/\/www.esmarttax.com\/why-esmart-tax\/premium-edition\/\" target=\"_blank\" rel=\"noopener noreferrer\">eSmart Tax<\/a> is a tax preparation service that offers its Premium package for $85.95, best suited for small business owners or those with less common forms of income. The package covers self-employment income and related deductions, rental or farming income, and more.<\/p>\n<p>eSmart Tax guarantees fast and accurate calculations and promises to reimburse any penalties or interest resulting from miscalculations. It is backed by Liberty Tax and provides features such as audit protection and tax break checks. eSmart Tax guarantees 100% accuracy and promises to provide the biggest tax refund possible or reimburse the tax preparation fees.<\/p>\n<h3><span id=\"8_E-filecom_Premium_Plus\"><\/span>8. E-file.com Premium Plus<span><\/span><\/h3>\n<p><a href=\"http:\/\/E-file.com\" target=\"_blank\" rel=\"noopener noreferrer\">E-file.com<\/a> offers online tax preparation software that helps people file their income taxes fast, easily, and accurately. Users can signup for a free account, enter their tax info and income figures, and any deductions, and the software will calculate and prepare their returns.<\/p>\n<p>E-file.com provides full-featured online tax software at a significant discount to other programs. The Premium Plus E-file is $37.49 plus $22.49 for State with a coupon code.<\/p>\n<h3><span id=\"9_FreshBooks\"><\/span>9. FreshBooks<span><\/span><\/h3>\n<p><a href=\"https:\/\/shareasale.com\/r.cfm?b=593723&#038;u=860342&#038;m=52946&#038;afftrack=&#038;urllink=https%3A%2F%2Fwww.freshbooks.com%2Faccounting-software%2Fself-employed\" target=\"_blank\" rel=\"sponsored noopener noreferrer\">FreshBooks<\/a> is a user-friendly and top accounting software for self-employed individuals. It makes accounting, invoicing, time tracking, and reporting effortless. The software allows users to automate tasks such as organizing expenses, tracking time, and following up with customers.<\/p>\n<p>FreshBooks offers online payment solutions that get users paid 11 days faster, send automated late payment reminders, and allow for the creation of recurring profiles. With FreshBooks, users can easily organize business expenses and track billable hours.<\/p>\n<h3><span id=\"10_Jackson_Hewitt_Online\"><\/span>10. Jackson Hewitt Online<span><\/span><\/h3>\n<p><a href=\"https:\/\/www.jacksonhewitt.com\/file-taxes-options-products\/file-taxes-online\/\" target=\"_blank\" rel=\"noopener noreferrer\">Jackson Hewitt Online<\/a> offers online tax filing for a flat fee of $25 with a guarantee of the biggest refund. The service offers step-by-step instructions, live chat support, and automatic error checking. It also provides security features, including two-step identity verification, encrypted data transmission, and alerts for account activity.<\/p>\n<p>Jackson Hewitt also provides in-person tax filing services with flexible hours and locations, and a range of guarantees, including a Maximum Refund Guarantee and a Lifetime Accuracy Guarantee.<\/p>\n<h2><span id=\"How_to_Choose_the_Best_Tax_Software_for_the_Self_Employed\"><\/span>How to Choose the Best Tax Software for the Self Employed<span><\/span><\/h2>\n<p>Choosing the best tax software for self-employed individuals can be overwhelming. To make it easier, here are four factors to consider when making your decision:<\/p>\n<h3><span id=\"Available_Tax_Forms\"><\/span>Available Tax Forms<span><\/span><\/h3>\n<p>Not all tax software programs support every tax form, so it\u2019s important to check if the program you\u2019re considering supports the forms you need.<\/p>\n<h3><span id=\"Cost\"><\/span>Cost<span><\/span><\/h3>\n<p>Cost is an essential factor when selecting tax software for self-employed individuals. Some programs offer free versions with limited features, while others charge a premium for their services.<\/p>\n<h3><span id=\"User-Friendliness\"><\/span>User-Friendliness<span><\/span><\/h3>\n<p>Look for a tax software program that is intuitive and user-friendly. The software should offer clear guidance and instructions throughout the tax filing process.<\/p>\n<h3><span id=\"Customer_Support\"><\/span>Customer Support<span><\/span><\/h3>\n<p>If you\u2019re new to tax filing or require assistance, look for a program that provides adequate customer support. Some programs offer phone support, chat support, or email support, so choose one that fits your needs.<\/p>\n<h2><span id=\"Can_a_self-employed_person_file_their_own_taxes\"><\/span>Can a self-employed person file their own taxes?<span><\/span><\/h2>\n<p>Yes, self-employed individuals can file their own taxes using tax software or paper forms. However, it\u2019s important to have a good understanding of tax laws and regulations to ensure compliance and minimize errors.<\/p>\n<h2><span id=\"Can_a_self-employed_person_file_taxes_for_free\"><\/span>Can a self-employed person file taxes for free?<span><\/span><\/h2>\n<p>Yes, self-employed individuals may be eligible to file their taxes for free using certain tax software programs like FreeTaxUSA or by utilizing free filing options offered by the IRS. Eligibility requirements vary by program.<\/p>\n<h2><span id=\"Is_it_better_to_use_a_tax_preparer_or_tax_software_if_youre_self-employed\"><\/span>Is it better to use a tax preparer or tax software if you\u2019re self-employed?<span><\/span><\/h2>\n<p>The decision to use a tax preparer or software depends on your personal preference, budget, and tax situation. Tax software is often more affordable and user-friendly, while a tax preparer can provide personalized guidance and advice.<\/p>\n<h2><span id=\"What_is_the_best_accounting_software_for_self-employed_taxpayers\"><\/span>What is the best accounting software for self-employed taxpayers?<span><\/span><\/h2>\n<p>The best accounting software for self-employed taxpayers depends on your specific needs and budget. Popular options include QuickBooks Self-Employed, FreshBooks, and TaxSlayer Self-Employed.<\/p>\n<h2><span id=\"Which_tax_software_is_best_for_calculating_self-employed_business_expenses\"><\/span>Which tax software is best for calculating self-employed business expenses?<span><\/span><\/h2>\n<p>Many tax software programs offer features for calculating and deducting self-employed business expenses. Some popular options include TurboTax Self-Employed, H&#038;R Block Self-Employed, and TaxAct Self-Employed.<\/p>\n<p><em><small>Image: Depositphotos<\/small><\/em><\/p>\n<hr>\n<p><span>More in: <a href=\"https:\/\/smallbiztrends.com\/tag\/software-and-apps\" rel=\"tag\">Software and Apps<\/a><\/span>\n<\/p>\n<hr>\n<\/div>\n<p><a href=\"https:\/\/smallbiztrends.com\/2023\/04\/best-tax-software-for-self-employed.html\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Joshua Sophy<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you buy something through our links, we may earn money from our affiliate partners. Learn more.Self-employed individuals often have unique tax requirements that can be overwhelming to manage during tax season. Fortunately, tax software can help you understand how to file self-employment taxes and make the process easier by streamlining the filing process and<\/p>\n","protected":false},"author":1,"featured_media":630376,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72890,167],"tags":[],"class_list":["post-630375","post","type-post","status-publish","format-standard","has-post-thumbnail","category-self-employed","category-software"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/630375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=630375"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/630375\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/630376"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=630375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=630375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=630375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}