TurboTax Free Edition Online - Top Competitors (Aug 2022)

Shlomi Lavi / updated: Aug 16, 2022

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TurboTax Free Edition Online vs. Alternatives in 2024

Although most of the tax software offers similar features, there is not much difference in the features. However, every user has different preferences and you might need some limited features based on your tax filing needs. Therefore, it is essential to compare and analyze various alternatives. The three major competitors of Turbo Tax are Drake Tax, TaxCloud, and Vertex.

• Functionality: Drake Tax is a cloud-based taxation system allowing multiple tax years, estimating refund amounts, and creating password-protected PDFs for returns. The features offered by Drake Tax include Billing & Invoicing, Data Import/Export, Data Verification, Electronic Filing, Exception Notification, K-1 Reporting, Tax Filing, Tax Forms, and Tax Planning. Drake Tax offers both Android and iOS apps as well as Windows and Mac support to the users.
  
  TaxCloud is a cloud-based taxation system that allows users to file taxes within minutes. TaxCloud offers sales tax calculation for any address in the United States as well as registration, filing, remittance, detailed reporting, and audit response services. The features offered by Tax cloud include audit trail, compliance management, CRM, data import/export, document management, electronic filing, email marketing, exception notification, exemption management, inventory management, multi-channel marketing, multi-store, order management, process/workflow automation, and reporting/analytics. TaxCloud is ideal for those organizations searching a tax software specifically for sales tax.
  
  Vertex is cloud-based taxation that combines tax research with robust technology to improve tax accuracy and consistency on sales and purchase transactions. The features offered by Vertex include Approval Process Control, Audit Trail, Billing & Invoicing, Compliance Management, Data Import/Export, Data Verification, Document Management, Electronic Filing, Exception Notification, Exemption Management, Process/Workflow Automation, Reporting/Analytics, Sales Tax Management, Tax Calculation, and Tax Compliance.
• Pricing: The price of Drake Tax is around $1745, which is a one-time cost. However, there is also a pay-per-return version that costs around an unlimited version priced at $1395 and pays per return version priced at $300. The cost of TaxCloud is around $10, which is a one-time cost. The price of Vertex is not provided by the official vendor. In comparison with various tax management systems, TaxCloud is the cheapest option.
• Support: TurboTax and its various alternatives offer complete support to the users including documentation, videos, online training, 24/7 chat support, and email & phone support.