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What's the best way to file simple taxes?

Asked by lbwhite89 (1213points) January 28th, 2011

My fiance and I are trying to figure out what’s the best way to file our taxes that won’t leave us broke but won’t be a rip-off as far as our refunds either.

We are “single” with no dependents. I have one W-2 and a 1098T form from my college (from which I received grants, lottery funded assistance, and a subsidized loan) and he has three W-2’s. I’m trying to decide between going somewhere like H&R Block to get it done or doing it myself with an online program.

I’m told TurboTax is a good one and it’s free or relatively free if you use their link to the IRS site. According to their website, we qualify for free state filing as well since we live in SC. I also heard TaxSlayer was good, but I don’t know the difference in cost and reliability…or if it even matters since we don’t itemize or anything.

I used H&R Block last year and it was $50, but this year they’re offering it to me for free. However, I have a hectic work/school schedule and would rather do it online if it’s just as reliable, even if I have to pay $20 or something for my state.

Another important thing is how fast I get my refund. I’d prefer to do direct deposit for both of us, but I’m not sure how it works or how long it normally takes for H&R Block, TurboTax, and TaxSlayer.

Any advice would be good. Sorry if this is a stupid question, but we’re only 21 and we haven’t been filing taxes for very long.

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