Many Online Tax Filing Services Raise Prices
Filing your tax return in no time protects you from tax-related identity theft , but also protects you from higher prices from online tax return services looking to earn a few extra dollars. As you get closer to the application deadline, many of these services are raising prices to take advantage of your rush.
If you plan on filing your own tax return online, do so now. Bloomberg explains how this price hike works:
TurboTax, H&R Block and TaxAct have been practicing their own form of price increases for many years. They offer cheap and sometimes even free services to first-timers. Then, usually at the end of March, they beat buyers by raising prices by 30% or more. Sometimes they continue to jack up prices several days before the deadline. One would expect people with more complex taxes to pay the originator more, but all categories of taxpayers will face price increases as the deadline approaches, including a very simple tax situation.
Online tax filing services make it easy to pay taxes, but you don’t want to end up paying more than you need to.
Raising the Price of Your Tax Return: Drafters Squeeze Procrastinators | Bloomberg