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Tax Platforms Showdown: FlyFin vs. HR block vs. Turbotax. Which is Best for You?
Tax Platforms Showdown: FlyFin vs. HR block vs. Turbotax. Which is Best for You?
Choosing a tax platform to prepare and file self-employment taxes can feel a lot like buying a new car. There’s no denying you want something reliable, safe and time-saving, and who doesn’t want to test drive or try out the service before committing? And with so many options, from traditional CPAs to big-name services like TurboTax, H&R Block and FlyFin, deciding which is right for you can be a real challenge.
A traditional CPA is costly and time-consuming. Typically, they charge per hour, and you have to use your precious free time to meet at their location. Big-name services have a solid reputation, are reliable and have been tried and tested by countless individuals. But how do you pick the one that’s best for you?
Key takeaways:
- FlyFin is a cutting-edge tax platform that uses the power of A.I. to help save taxpayers more time and money.
- TurboTax and H&R Block require taxpayers to classify their expenses manually.
- FlyFin offers a range of tax calculators in every subscription plan.
FlyFin
FlyFin has become a game-changing platform in the tax filing space for freelancers and self-employed individuals. Using the power of A.I., FlyFin helps individuals lower the amount of tax they’ll need to pay, saves them hours of prep work and takes away the stress of doing taxes with its streamlined tax filing process.
One reason FlyFin is the best tax filing service is its man + machine combination. The app is powered by A.I., which finds every possible deduction and classifies it depending on your profession and the IRS category it belongs to. The in-app expense tracking helps you to track all your income and expenses in one place.
A certified CPA team reviews your tax information and files a complete and error-free tax return, guaranteed. Plus, in the unfortunate event that you are audited, FlyFin offers comprehensive tax audit insurance if you choose the standard or premium plan.
FlyFin is unique in that it caters to the needs of freelancers and self-employed individuals and is the first of its kind in this category. W-2 employees can also use the platform to file their taxes. FlyFin offers exceptional services at a fraction of the cost of a CPA.
FlyFin’s subscription plans
H&R Block vs Turbotax
Now that we’re settled on the fact that FlyFin is the best choice for tax filing, let's take a closer look at the other top competitors offering tools to calculate quarterly taxes and federal income tax.
TurboTax is known for not having the most reliable customer service, which is a big turnoff if you need personal support or have a tax-related question. Many features in the app are only available if you upgrade from the free version to a paid version, including investments, self-employment income, rental properties, tax credits and tax write-offs. When you're in the thick of the process, you’ll have the option to upgrade your service, including audit and identity insurance, priority access to representatives and other benefits. This will cost you a whopping $60, and that charge is on top of your paid plan.
If you don’t like surprise pricing, H&R Block prides itself on its No Surprise Guarantee. If you find that they weren’t totally transparent about the pricing and price changes, you’ll receive a 20% coupon towards next year’s tax filing. If you want help from a CPA, you’ll be charged a fee every single time you connect since the meetings are in person. This can be really helpful if you are the type of person who benefits from face-to-face interaction. There’s still a lot of work to do since you need to manually classify your deductions, and you won’t be given a detailed tax report.
There's a stark difference when comparing prices for H&R Block vs. TurboTax. H&R Block is the more affordable option, costing around $182. There are additional add-on charges if you decide to opt for them. TurboTax can cost upwards of $389, making it a costly option.
Filing taxes can involve a lot of calculations, and tax calculators like a 1099 tax calculator or a tax bracket calculator, are the perfect tool to help you achieve accurate numbers. H&R Block and TurboTax do offer access to quarterly tax calculators, but only for users with a premium or premier plan. FlyFin provides this feature in every plan, making it available for every subscriber. There’s no denying that FlyFin is the top choice for all your tax filing needs, combining A.I. and a powerful CPA team. Give FlyFin a try, and you can save $3,720 in taxes on average.
What’s FlyFin?
FlyFin is the number one A.I.-powered tax service for freelancers, gig workers, independent contractors and sole proprietors.
The app tracks all your business expenses automatically to find every possible tax deduction and lets you easily categorize expenses like goodwill tax deductions.
FlyFin's CPA team files guaranteed 100% accurate state and federal tax returns for you – to save you a couple of thousand dollars and a ton of time on your taxes.
Download the FlyFin app and have your taxes filed in less than fifteen minutes, saving time and more money on your taxes than last year, guaranteed.
Expert tax CPAs ensure 100%-accurate tax filing
A.I. finds every tax deduction, eliminating 95% of your work
On average users save $3,700
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