Calculating taxes is crucial for individuals and families who earn money and pay taxes. Making errors during this process can end up costing more than the actual tax amount and can be time-consuming. Any method to simplify tax calculations is highly appreciated.
Although taxing calculations can be tricky, it was highlighted in Young Sheldon by the task given to the future Nobelist to calculate taxes for his family. Nowadays, it doesn't require genius to handle these calculations. Specialized apps are available to help manage finances and complete tax forms easily. Here is a list of Android apps for tax management.
TurboTax
TurboTax is a specialized app designed for handling tax documentation. Users can snap pictures of their paper W-2, 1099, and 1098 forms, which are then easily digitized and editable. This cross-platform solution syncs via a cloud, allowing users to work on their laptop and access documents on their phone. The mobile app is powerful for most tasks, making TurboTax one of the strongest solutions available.
Expensify
Expensify, primarily a personal finance manager, now includes a business section for handling tax-related documents, bills, invoices, and receipts. It easily integrates with solutions like NetSuite, Xero, or QuickBooks. The app's travel features make it a suitable option for frequent business travelers who need mobile document management, including tax-related documents. Expensify has received numerous awards and is highly regarded.
IRS2Go
The official app from the IRS, IRS2Go, covers essential aspects of tax filing and allows users to make payments directly through the app. It provides information on free tax preparation assistance in users' areas. The app is known for its security and user-friendly interface. While lacking some features of third-party apps, IRS2Go performs its functions effectively.
TaxSlayer
TaxSlayer makes filing taxes easier and more efficient. While it is a paid app, it helps users calculate their taxes accurately, choose legitimate options for maximizing tax refunds, and automatically track recurring income and expenses. The app's cost can be deducted from the user's tax return, simplifying the payment process.
CamScanner
CamScanner is a useful tool for digitizing physical documents, especially for individuals who prefer dealing with paper documents. Users can easily locate specific forms when needed and store scanned documents in the cloud for easy access. The app also allows for group access to scanned documents, making it ideal for small businesses. Furthermore, users can archive documents for closed seasons, ensuring a clutter-free workspace.
CamScanner enables users to send completed forms directly to the IRS from the app, streamlining the tax filing process.
Taxes and mobile devices are inevitable in today's world. Although not legally required, using a decent tax app can significantly simplify the tax filing process. With the apps listed above (and others available), managing taxes becomes more efficient. If you have used any of these apps or have other recommendations, feel free to share your experiences in the comments!
