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Now that tax season is here again, it's time to take stock of your filing options. It won't take long. Until recently, you've only had two real options for filing your taxes: using a confusing, DIY website or schlepping to an out-of-the-way, often expensive tax preparer's office.
Option 1: Do It Yourself – and Learn the True Meaning of Frustration
Online tax filing websites like TurboTax and H&R Block at Home seem appealing. In theory, they allow you to file your taxes without getting off the couch or turning off the TV. With no physical offices and fewer employees, they're also cheaper than hiring a traditional accountant and filing in person.
Unfortunately, the devil is in the details. With no one to guide you through the process, DIY websites can quickly become confusing and unmanageable – particularly if your tax situation is somewhat complicated. According to a recent study, about 75 percent of all accounts created with online tax filing services are abandoned. In other words, three in four people who attempt to file their taxes online don't succeed due to frustration with the process.
Option 2: Do It Onsite – and Pay an Arm and a Leg
Historically, your other tax filing option has been to seek out an accountant or trained tax preparer at an onsite office. Professional help with the potentially complicated filing process sounds like a nice perk, but even big tax preparation chains like Liberty Tax and H&R Block can charge hefty fees for their services. Even for a routine tax situation, it's not uncommon to pay $250 to $500 when all is said and done. That could amount to a significant chunk of your refund – or wipe it out entirely.
Happily, there's now a third tax filing option: working with a real tax professional without ever leaving your home or office.
Option 3: Work with an CPA – in the Comfort of Your Home
taxhub is the gold standard for this hybrid model. This virtual tax filing office allows us to charge almost half of what you would pay if you went the traditional brick-and-mortar tax prep route. Our easy, intuitive system pairs the convenience and cost savings of filing from home with the peace of mind that comes with knowing a real tax professional has prepared and reviewed your return.
With taxhub, you create a free account in a few minutes and upload all your tax documents through our secure server. Once we've received your documents, you'll schedule a comprehensive phone consultation with an expert to discuss your tax situation in detail. This ensures that nothing is left to chance – and that you're able to maximize your refund by taking advantage of all the credits and deductions at your disposal.
Next, we create your return and send it to you for approval within 48 hours. Once you've digitally signed and submitted it, you could receive your state and federal refunds in as little as a week. Thanks to our transparent pricing, you'll know the exact size of your refund upfront. taxhub's hybrid model couldn't be easier – and it could save you a lot of money this tax season.
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