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Tax Platforms Showdown: FlyFin vs. HR block vs. Turbotax. Which is Best for You?

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Tax Platforms Showdown: FlyFin vs. HR block vs. Turbotax. Which is Best for You?

Choosing a tax platform to prepare and file 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.

Table of contents

FlyFin...Read more

H&R Block vs Turbotax...Read more

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.
Infographic entitled Who Should Use FlyFin For Tax Filing? Showing a list of various self-employed workers, including freelancers, small business owners, independent contractors, gig workers, sole proprietors and 1099 workers.
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.
Infographic entitled FlyFin Features, showing the FlyFin tax app's features, including A.I. technology, deduction tracking, free trial option, quarterly tax calculator, subscription options and CPA service.
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 federal income tax filing. 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.
 Infographic entitled TurboTax vs. H&R Block Package Comparison showing the benefits of H&R Block's tax package and TurboTax's tax filing package.
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.

Deductible Education Expenses 2023

Education expenses like the interest on student loans can sometimes be deducted from your taxable income, and education tax credits can lower the amount that taxpayers have to pay in taxes.

Adjust For Inflations

The IRS has released its yearly inflation adjustment for the 2023 tax year, aimed to give US taxpayers relief from rising inflation.

Taxes on tips

Find out how tip money is taxed by the federal government and how you can know exactly what you need to pay.

Is college tuition deductible

Tax-based ways to save money on tuition and other education expenses are available to taxpayers who are students or to their parents. Unfortunately, deducting tuition from your taxes is not one of them.

Per diem meals

Here's how using the per diem deduction for business travel expenses can sometimes be a better option for self-employed people than itemizing every deductible travel expense.

Personal property tax deductions

Homeowners can save a significant amount by deducting their property tax payments from their taxable income. Here's how property taxes work and how they can be deducted.

Tax filing extension

The benefits and how-tos of filing for an extension on your tax return. Learn how filing extensions work and get step-by-step instructions on how to put them to work for you.

Sales tax deduction

Most states have sales tax in place for consumers. It can increase your spending but there are ways to deduct the tax on your tax return.

Are working clothes deductible

A job might require a certain attire of uniform. The IRS allows business clothes as a write-off for certain individuals.

PPP loan for self employed

The PPP loan assisted small businesses and those self-employed to pay employees during the pandemic.

Are business gifts deductible

Giving gifts to clients or employees is a wonderful gesture of goodwill. However, some gifts are considered taxable and must be included on a tax return.

Simple IRA contribution limits

Opening up a SIMPLE IRA is a great way to save for retirement. It’s an option if you're a W-2 employee or self-employed.

Cash vs accrual

When you own a business, you need to choose an accounting system that best fits your needs. The cash and accrual accounting methods are two options that can work for you.

Minimum earning for tax filing

Taxes are complex, and you’re not always sure if you should file taxes or if you even earn enough income to start filing your IRS taxes.

Missed tax deadline

Missing the IRS tax filing deadline can be a costly mistake, especially if you owe tax money. You can avoid that if you know all the IRS deadlines and what you owe them well before the tax season.

Jail for not filing taxes

Tax fraud and tax evasion are two serious offenses that may lead to jail time, and to avoid the consequences, you must file your taxes timely and accurately.

Are settlements taxable

Lawsuits can be difficult to navigate, but what about taxes on the settlement amount? While most amounts from settlements are taxable, there are some situations where lawsuits are tax-free.

Business vs commuting miles

Some of the miles you drive in your car can give you a sizable tax deduction, and some can't. Here's how to know the difference.

Goodwill donations tax deductions

Charitable goodwill donations help fellow Americans get through tough times, but these donations can also be written off your taxes.

How to escape IRS audit notice

The IRS may send you an audit letter requesting to review your financial information. There are several reasons why you might get an IRS tax audit letter.

Quarterly taxes due dates

Knowing the deadlines for quarterly tax payments is essential to making your payments on time and avoiding penalties.

1099 For Rent

Whether you're a landlord, property manager or tenant, the IRS has rules in place when it comes to the 1099 form for rental income.

1099 Workers Comp

Workers' compensation protects workers from injury or illness while on the job. A lot of businesses require independent contractors to have their own coverage.

1099 Business Vs Hobby Tax Rules

The IRS has set rules for determining whether an activity is a hobby or a business. Hobby loss rules determine whether your expenses are tax deductible or not.

Deductible Education Expenses 2023

Education expenses like the interest on student loans can sometimes be deducted from your taxable income, and education tax credits can lower the amount that taxpayers have to pay in taxes.

Adjust For Inflations

The IRS has released its yearly inflation adjustment for the 2023 tax year, aimed to give US taxpayers relief from rising inflation.

Taxes on tips

Find out how tip money is taxed by the federal government and how you can know exactly what you need to pay.

Is college tuition deductible

Tax-based ways to save money on tuition and other education expenses are available to taxpayers who are students or to their parents. Unfortunately, deducting tuition from your taxes is not one of them.

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.
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