Table of Contents
- 1 When is the First Day to Start Filing Taxes in 2021?
- 2 FilingYour Taxes on the First Day With TurboTax & H&R Block
- 3 TurboTax Federal Free Edition
- 4 TurboTax Paid Editions
- 5 H&R Block Federal Free Edition
- 6 H&R Block Paid Plans
- 7 Start Filing Your Taxes for Free!
- 8 How to File Taxes Online in 3 Simple Steps With TurboTax
When is the First Day to Start Filing Taxes in 2021?
If you use online tax filing to file your taxes in 2021, it can give you an early start on getting your tax refund back.
FilingYour Taxes on the First Day With TurboTax & H&R Block
With online tax filing, you can file your taxes on the first day of tax season and get your refund back as soon as possible.
Existing customers will find it even easier as they’ll be able to import last year’s returns. For those with simple tax affairs, it’ll take only a few minutes to begin preparing everything the IRS needs to file your tax return.
TurboTax Federal Free Edition
Like H&R Block, TurboTax has a Free tax filing option that allows you to file your federal return and one state return for free. However, the free option only supports simple returns with form 1040. The free option includes one free state return. TurboTax’s free option supports form 1040 with some child tax credits.
TurboTax Paid Editions
If you want to itemize your deductions with Schedule A (or if you need to use any other forms), you will need to upgrade to a paid plan. There are three paid plans that range from $59.99 to $119.99 for federal filing. State filing is always $44.99 per state, with paid plans.
The Deluxe option will be enough for most filers. It costs $59.99, which is $10 more than the Deluxe option from H&R Block. You get slightly more features for that additional cost, however. Small business owners and self-employed individuals will need to upgrade to the Self-Employed option, which costs $119.99 for a federal return.
TurboTax Discounts are also available.
H&R Block Federal Free Edition
The cheapest filing option is the free option. It lets you file your federal tax return, and all state returns for free. This choice works best for basic returns. The major tax forms that it supports are the 1040, Schedule EIC for the earned income tax credit, and Schedule 8812 for the Additional Child Tax Credit.
You can also use this form with some other common tax forms: Form 1099 (B, DIV, INT, and R), 1098 (E and T), and 1095 (A and B). Filing other forms will require you to upgrade to a paid plan.
H&R Block Paid Plans
Paid plans range from $49.99 to $104.99 for federal tax filing. All state filing costs are $39.99 per state, with the paid plans. Most filers can do their taxes with the Deluxe version, which costs $49.99 and includes software for maximizing tax deductions. If you do freelance work or own a small business, you’ll likely need to upgrade to the Self-Employed plan, which costs $104.99.
H&R Block Discounts are also available.
Start Filing Your Taxes for Free!
As mentioned, both services offer a free file option for simple returns. You can also file some additional schedules and forms with this option. However, H&R Block does cover more forms and schedules with its free option. It also allows you to file multiple state returns for free.
By contrast, the free plan from TurboTax includes only one free state return. This all gives H&R Block a slight advantage if you qualify for the free option.