This yr, 1040.com emerged as a contender within the “center” pricing a part of the tax software program world.
It affords a easy pricing plan ($25 for all filers), and a commendable person interface. Sadly, no “ask a professional” or import choices left us wanting extra.
Whereas 1040.com affords a good service at a good worth, it’s not compelling. The tax software program market is just too crowded for a service with no standout options.
Right here’s what it’s essential to know in regards to the 1040.com tax software program this yr, and be sure you try the way it compares to the perfect tax software program applications.
- Flat-rate $25 pricing consists of limitless state submitting
- Not advisable for reporting non-W2 earnings sources
- Now affords third-party Audit Help for $29.95
1040.com – Is It Free?
No, 1040.com doesn’t have a free possibility. It fees all filers $25 for federal and state submitting mixed. The corporate helps multi-state submitting for a similar worth.
What’s New In 2022?
In 2022, 1040.com continues to make use of white-labeled software program. The appear and feel of the software program stay comparatively just like earlier years. It hasn’t launched many new options.
The built-in depreciation worksheets are a contact simpler to make use of this yr. However you continue to need to seek for depreciation utilizing the Assist window.
This yr, 1040.com customers also can buy audit audit help by way of Safety Plus. The extra price for this service is $29.95.
Does 1040.com Make Tax Submitting Simple In 2022?
1040.com makes use of a “hybrid” navigation mannequin. Customers can determine whether or not to permit 1040.com to ask questions on their taxes use a left-hand nav bar to leap round themselves. The interview fashion navigation is usually a bit onerous.
The software program affords a good expertise for those that don’t have investments or self-employed enterprise bills. Filers who need to deduct depreciation for his or her rental properties should add a depreciation worksheet. Throughout testing, we solely discovered this worksheet by way of the Assist part, which is much from probably the most intuitive methodology to say a reputable deduction.
The software program works nicely for individuals who have easy tax submitting conditions. However folks with extra advanced conditions gained’t need to use the software program.
1040.com Notable Options
1040.com turned in a lackluster efficiency general, however these are a couple of of the highlights.
One Value For State And Federal Submitting
1040.com fees one worth for federal tax submitting and state submitting. The $25 price ticket permits filers to file in a number of states.
The 1040.com software program affords a guided navigation possibility to assist filers work by way of their returns. Customers who decide to make use of the query and reply interface will be capable to discover most of what they want within the software program.
The downside to that is that the guided navigation solely covers easy submitting conditions. Customers with extra advanced earnings (investments, actual property, self-employment) should choose their earnings from the menu earlier than receiving extra steerage from the software program.
This yr, 1040.com customers can improve to get audit help. The improve prices $29.95 which is excessive for an audit help add-on. By comparability, you possibly can add audit help for simply $6.99 with TaxHawk and FreeTaxUSA.
1040.com Notable Drawbacks
These are a couple of areas the place 1040.com fell on the job in 2022.
1040.com doesn’t permit customers to import any information. You may need to manually copy all data out of your tax types to finish your tax submitting.
Exhausting To Use For Non-W2 Revenue Sources
Getting into rental data and capital features from investments is a ache. Customers need to know precisely what they’re doing to finish submitting. It’s additionally pretty troublesome if it’s essential to depreciate an expense for your online business.
No Part Summaries
1040.com doesn’t have part summaries displaying earnings, deductions, and many others. This could make it particularly troublesome to find out whether or not you entered the knowledge appropriately. It retains a rolling abstract of the refund that you simply’re due, however that is inadequate for trying into the main points.
1040.com Pricing And Plans
1040.com has a simplified pricing plan. All customers can pay $25. It is price noting that the $25 price ticket even applies to customers who have to file a number of state returns.
This places the software program in a stable middle-of-the highway pricing for tax software program. It might make sense for some filers, together with those that might “unexpectedly” get ran into larger pricing tiers. For instance, these with tuition bills, little one care deductions, playing winnings, well being financial savings account (HSA), and extra.
Plus, the truth that your flat $25 consists of state will be very compelling. With many free tax software program firms, you may nonetheless need to pay for state submitting and the state returns alone can exceed $25.
How Does 1040.com Examine?
1040.com is worth falls on the decrease aspect of the pricing spectrum. We’ve in contrast it to different cut price software program together with Money App Taxes (free) and TaxHawk. On the whole, we want the competitor’s person expertise to 1040.com’s. Nevertheless, multi-state filers might admire that 1040.com offers filers limitless state returns.
Unemployment Revenue (1099-G)
Retirement Revenue (SS, Pension, and many others.)
Small Enterprise Proprietor (Over $5k In Bills)
$0 Fed &
How Do I Contact 1040.com?
You will not discover a cellphone quantity printed anyplace on 1040.com. If you wish to get in contact with a reside help consultant, you may first have to create an account and login to entry the corporate’s chat help. Or you possibly can submit common questions utilizing the contact type right here.
On Trustpilot, 1040.com has obtained over 14,000 critiques and most have been optimistic. At the moment, the corporate has a TrustScore of 4.7/5.
Is It Protected And Safe?
1040.com has a powerful privateness coverage and it makes use of encryption and multi-factor authentication to maintain person data secure and safe. The precautions are customary for all tax submitting firms.
Customers can really feel assured that 1040.com is as secure to make use of as most different tax software program. After all, any data transmitted on-line might be hacked, so customers ought to rigorously consider the dangers earlier than transferring ahead with any tax submitting firm.
Is It Price It?
1040.com affords a good person interface for folks with simple submitting conditions. For those who moved within the final yr, and it’s essential to declare taxes in a number of states, it might be a good selection for you.
Nevertheless, most individuals gained’t profit from 1040.com in 2022. The software program is simply too cumbersome to make use of. And the worth level is simply too excessive. Money App Taxes and TaxHawk supply superior person expertise at cheaper price factors.
In 2022, 1040.com doesn’t differentiate itself sufficient to be thought-about by most filers. On the whole, we suggest passing on it this yr. Moderately than settling for an “okay” software program, select the perfect tax software program in your state of affairs.
Listed below are the solutions to some of the most typical questions that folks ask about 1040.com:
Can 1040.com assist me file my crypto investments?
Getting into crypto trades into 1040.com is sort of cumbersome. Customers have to manually enter every transaction into the 1099-B/8949 type
Can I request my stimulus examine by way of 1040.com?
After most different tax conditions are thought-about, 1040.com asks customers whether or not they obtained the third stimulus examine. If the person obtained inadequate quantities, 1040.com helps customers declare the Rebate Restoration Credit score for 2021 by way of its software program. Any cash that wasn’t obtained shall be added to the annual refund examine.
For the 2021 tax yr, solely the third stimulus examine will be claimed. For those who didn’t obtain your first two stimulus funds (issued in 2020), you may have to file a 2020 amended tax return.
I didn’t obtain the total quantity for Superior Youngster Tax Credit score Funds. Can 1040.com assist me get the remainder?
Sure, 1040.com has detailed steerage to assist mother and father and guardians declare the suitable quantity for his or her little one tax credit.
Can 1040.com assist me with state submitting in a number of states?
Completely! 1040.com’s $25 price ticket consists of federal and limitless state returns.
Does 1040.com supply refund advance loans?
In 2022, 1040.com doesn’t supply refund advance loans.
Obtainable as a $29.95 add-on
Import Tax Return From Different Suppliers
Import Prior-12 months Return For Returning Prospects
Sure, prior-year returns are saved for as much as three years
Import W-2 With A Image
Inventory Brokerage Integrations
Crypto Trade Integrations
Deduct Charitable Donations
Refund Anticipation Loans
Buyer Service Cellphone Quantity