Hey everyone, I'm trying to figure out what the best tax software 2025 options are going to be. I run a small consulting business and have been using TurboTax for years, but the price keeps going up. I need something that can handle Schedule C, home office deductions, and business expenses properly.
I've been hearing about some new options coming out next year and wanted to get some opinions. What are you all planning to use for the 2025 tax season? I'm especially interested in tax software for saving money since my business margins are getting tighter every year.
I feel your pain with TurboTax prices. As a freelancer, I switched to TaxAct last year and saved about 40% compared to what I was paying for TurboTax Business. The interface isn't as polished but it gets the job done. For Schedule C and home office deductions, it handled everything fine.
What I like about TaxAct software features is they don't hide the business version behind multiple upsells. You know exactly what you're getting and the price upfront. Definitely worth checking out if you're looking for tax software for saving money.
Have you looked at FreeTaxUSA? I know the name sounds too good to be true, but their business version is only around $7 for state filing. I used it for my rental property Schedule E last year and was pleasantly surprised. It's not as fancy as TurboTax but for basic small business stuff, it works fine.
If you want something more robust, I've heard good things about TaxSlayer for small businesses. Their pricing is reasonable and they have good tax software for small businesses features without the TurboTax premium price tag.
In my professional tax software reviews, I've found that for true small business needs (multiple employees, inventory, complex depreciation), you might want to look at Drake or ProSeries. They're more expensive but designed for actual business tax situations.
However, for a consulting business with just Schedule C, I'd recommend checking out Cash App Taxes (formerly Credit Karma Tax). Their Credit Karma tax review scores have been good, and it's completely free for federal and state, even with Schedule C. The catch is they make money through other financial products, but the tax software itself doesn't cost anything.
I switched from TurboTax to FreeTaxUSA last year for my side business. The federal return was free and state was only $15. For my Schedule C with about $25k in revenue, it handled everything perfectly.
The interface is a bit dated but it asks all the right questions about business expenses and deductions. If you're looking for affordable tax filing software that can handle small business income, this is probably your best bet. Just make sure to compare the final numbers with what TurboTax would give you - I did and they matched exactly.
As a first-time filer, I can't speak to business taxes, but I used Cash App Taxes this year and it was super easy. They have a business version too that's supposed to be good for simple Schedule C stuff. What I liked is they don't try to upsell you at every turn like TurboTax does.
For someone looking for the best tax software 2025 options that won't break the bank, I'd definitely check them out. The whole process felt very transparent compared to what I've heard about other companies.