Review Video
1040.com – Is It Free?
No, 1040.com doesn’t have a free option. It charges all filers $25 for federal and state filing combined. The company supports multi-state filing for the same price.
What’s New In 2022?
In 2022, 1040.com continues to use white-labeled software. The look and feel of the software remain relatively similar to previous years. It hasn’t introduced many new features. The built-in depreciation worksheets are a touch easier to use this year. But you still have to search for depreciation using the Help window. This year, 1040.com users can also purchase audit audit assistance through Protection Plus. The additional cost for this service is $29.95.
Does 1040.com Make Tax Filing Easy In 2022?
1040.com uses a “hybrid” navigation model. Users can decide whether to allow 1040.com to ask questions about their taxes use a left-hand nav bar to jump around themselves. The interview style navigation can be a bit onerous. The software offers a decent experience for people that don’t have investments or self-employed business expenses. Filers who want to deduct depreciation for their rental properties must add a depreciation worksheet. During testing, we only found this worksheet through the Help section, which is far from the most intuitive method to claim a legitimate deduction.
The software works well for people who have simple tax filing situations. But people with more complex situations won’t want to use the software.
1040.com Notable Features
1040.com turned in a lackluster performance overall, but these are a few of the highlights.
One Price For State And Federal Filing
1040.com charges one price for federal tax filing and state filing. The $25 price tag allows filers to file in multiple states.
Guided Navigation
The 1040.com software offers a guided navigation option to help filers work through their returns. Users who opt to use the question and answer interface will be able to find most of what they need in the software. The drawback to this is that the guided navigation only covers simple filing situations. Users with more complex income (investments, real estate, self-employment) must select their income from the menu before receiving more guidance from the software.
Audit Support
This year, 1040.com users can upgrade to get audit support. The upgrade costs $29.95 which is high for an audit support add-on. By comparison, you can add audit support for just $6.99 with TaxHawk and FreeTaxUSA.
1040.com Notable Drawbacks
These are a few areas where 1040.com fell on the job in 2022.
No Imports
1040.com doesn’t allow users to import any files. You’ll have to manually copy all information from your tax forms to complete your tax filing.
Hard To Use For Non-W2 Income Sources
Entering rental information and capital gains from investments is a pain. Users have to know exactly what they’re doing to complete filing. It’s also fairly difficult if you need to depreciate an expense for your business.
No Section Summaries
1040.com doesn’t have section summaries displaying income, deductions, etc. This can make it especially difficult to determine whether you entered the information correctly. It keeps a rolling summary of the refund that you’re due, but this is insufficient for looking into the details.
1040.com Pricing And Plans
1040.com has a simplified pricing plan. All users will pay $25. It’s worth noting that the $25 price tag even applies to users who need to file multiple state returns.
This puts the software in a solid middle-of-the road pricing for tax software. It could make sense for some filers, including those who may “unexpectedly” get bumped into higher pricing tiers. For example, those with tuition expenses, child care deductions, gambling winnings, health savings account (HSA), and more.
Plus, the fact that your flat $25 includes state can be very compelling. With many free tax software companies, you’ll still have to pay for state filing and the state returns alone can exceed $25.
Check out 1040.com here >>
How Does 1040.com Compare?
1040.com is price falls on the lower side of the pricing spectrum. We’ve compared it to other bargain software including Cash App Taxes (free) and TaxHawk. In general, we prefer the competitor’s user experience to 1040.com’s. However, multi-state filers may appreciate that 1040.com gives filers unlimited state returns.
How Do I Contact 1040.com?
You won’t find a phone number published anywhere on 1040.com. If you want to get in touch with a live support representative, you’ll first need to create an account and login to access the company’s chat support. Or you can submit general questions using the contact form here.
On Trustpilot, 1040.com has received over 14,000 reviews and most have been positive. Currently, the company has a TrustScore of 4.7/5.
Is It Safe And Secure?
1040.com has a strong privacy policy and it uses encryption and multi-factor authentication to keep user information safe and secure. The precautions are standard for all tax filing companies.
Users can feel confident that 1040.com is as safe to use as most other tax software. Of course, any information transmitted online could be hacked, so users should carefully evaluate the risks before moving forward with any tax filing company.
Is It Worth It?
1040.com offers a decent user interface for people with straightforward filing situations. If you moved in the last year, and you need to claim taxes in multiple states, it could be a good choice for you. However, most people won’t benefit from 1040.com in 2022. The software is too cumbersome to use. And the price point is just too high. Cash App Taxes and TaxHawk offer superior user experience at lower price points. In 2022, 1040.com doesn’t differentiate itself enough to be considered by most filers. In general, we recommend passing on it this year. Rather than settling for an “okay” software, choose the best tax software for your situation.
1040.com FAQs
Here are the answers to a few of the most common questions that people ask about 1040.com:
Can 1040.com help me file my crypto investments?
Entering crypto trades into 1040.com is quite cumbersome. Users need to manually enter each transaction into the 1099-B/8949 form
Can I request my stimulus check through 1040.com?
After most other tax situations are considered, 1040.com asks users whether they received the third stimulus check. If the user received insufficient amounts, 1040.com helps users claim the Rebate Recovery Credit for 2021 through its software. Any money that wasn’t received will be added to the annual refund check. For the 2021 tax year, only the third stimulus check can be claimed. If you didn’t receive your first two stimulus payments (issued in 2020), you’ll need to file a 2020 amended tax return.
I didn’t receive the full amount for Advanced Child Tax Credit Payments. Can 1040.com help me get the rest?
Yes, 1040.com has detailed guidance to help parents and guardians claim the appropriate amount for their child tax credits.
Can 1040.com help me with state filing in multiple states?
Absolutely! 1040.com’s $25 price tag includes federal and unlimited state returns.
Does 1040.com offer refund advance loans?
In 2022, 1040.com does not offer refund advance loans.
1040.com Features
