AI Tax Filing Software

What is keepertax.com?

Keepertax.com provides a specialized tax filing solution tailored for self-employed individuals, particularly those earning income through 1099 contracting and freelance work. This online platform facilitates seamless tax preparation by linking to your bank account, enabling automated identification of potential tax deductions and credits. Moreover, the software offers the convenience of online tax filing, supported by the expertise of a professional accountant. To delve into further details about Keepertax.com and its functionalities, interested users can visit their official website, explore the available free resources, and gain insights into the company's background and mission via their about page.

How much does it cost to use keepertax.com?

As stated on the Keeper Tax official website, the pricing structures are outlined as follows:

• Monthly Subscription: Priced at $16 per month, this option encompasses comprehensive expense-tracking features.
• Simple Return: Available at $99, this package covers the filing of a tax return involving solely W-2 income and standard deduction.
• Tax Return with Business Income: Priced at $192, this package caters to the filing of a tax return inclusive of 1099 income and itemized deductions.

All pricing plans incorporate federal and state tax considerations, provide access to accountant support, and offer full audit protection. Furthermore, Keeper Tax extends a complimentary seven-day trial period for users to explore the service.

What are the benefits of keepertax.com?

Utilizing keepertax.com offers a range of advantageous features, including:

• Automated Personalization: The platform establishes a connection with your bank account to seamlessly tailor your tax filing process. This automated approach assists in identifying often overlooked tax deductions, rendering the experience more personalized and efficient.
• Comprehensive Income Support: The software accommodates various income types, encompassing W-2, 1099, investments, and more. It streamlines the tax filing process by engaging a professional accountant to review and endorse your tax return prior to submission to the IRS.
• Transparent Pricing: Keepertax.com distinguishes itself through transparent pricing, refraining from upsells regardless of the complexities associated with your income or deductions.
• Educational Resources: The platform extends free tax resources to users, including calculators, tools, guides, templates, and quizzes. These resources are designed to foster an understanding of fundamental aspects concerning self-employment taxes and eligible write-offs.
• Positive Customer Feedback: With a multitude of 5-star reviews, keepertax.com enjoys endorsement from contented customers who laud its intuitive user interface, transparent guidance, attentive support, and overall convenience.

The integration of these benefits positions keepertax.com as a valuable resource for self-employed individuals seeking an efficient, user-friendly, and supportive tax filing solution.

How does keepertax.com work?

Keepertax.com serves as a platform offering specialized tax filing software tailored to self-employed individuals, particularly those engaged in 1099 contracting and freelance activities. The software operates through a systematic process, involving the following steps:

• Account Linking: Upon registering on keepertax.com, users can integrate their bank, credit, and debit card accounts with the software. Through an AI-driven algorithm, the software scans transaction histories and classifies expenses into distinct categories of business and personal expenditures.
• Automated Monitoring: The software functions in the background, continuously monitoring the connected accounts for updates. Any new purchase triggers an automatic evaluation to determine its potential eligibility as a tax deduction.
• Personalized Questionnaire: Users are presented with a tailored questionnaire designed to identify additional tax breaks for which they might qualify. This could encompass deductions such as home office expenses, mileage, health insurance, and more.
• Year-End Tax Filing: At the close of the fiscal year, users can opt to utilize the software for tax filing, involving a fee of $89. The software is versatile, accommodating various income types including W-2, 1099, and investments. Users simply need to upload their requisite forms, with the software managing the remainder of the process.
• Accountant Review: A notable feature is the assurance that a professional accountant reviews and signs the tax return prior to submission to the IRS. This meticulous review ensures accuracy and adherence to current tax regulations.

Keepertax.com stands as an endeavor to simplify and expedite the tax process for solopreneurs and gig workers, particularly those who merge personal and business expenditures. Through its automated procedures, the platform aims to facilitate a more efficient and streamlined tax experience for its target audience.

What are the limitations of keepertax.com?

Certain limitations of keepertax.com include:

• Geographical Restriction: The tool exclusively caters to US tax filing, potentially excluding individuals with international income or expenses from other countries.
• Subscription Fee Requirement: keepertax.com mandates a recurring monthly or annual subscription fee. This financial commitment might not align with the budgets of individuals with limited or irregular income streams.
• Limited Support Channels: The platform solely provides email support and lacks live chat or phone assistance. This absence of real-time communication options could pose inconvenience for users seeking prompt responses to urgent or intricate queries.
• Absence of Software Integration: The tool does not integrate with other prevalent accounting or invoicing software solutions such as QuickBooks, FreshBooks, or Wave. This could hinder the seamless synchronization and management of financial records for users employing such software.
• Scope of Tax Situations: Keepertax.com is not equipped to handle more complex tax scenarios, including multiple businesses, partnerships, corporations, trusts, estates, or foreign assets. Users confronting these intricate situations might necessitate more specialized tax software or professional guidance.

While keepertax.com offers notable advantages, users should consider these limitations when evaluating its suitability for their specific tax requirements.