We have all heard of do-it-yourself tax software. Perhaps you are even planning to use it when the tax period sweeps in. But can we trust do-it-yourself tax software? How efficient, reliable and credible is it? Well, we are glad you bumped into this piece. We’ll answer all the essential questions you have about the software.
Can do-it-yourself tax software be trusted?
The answer is yes and no. Some do-it-yourself tax programs are made using high-end technologies and work as required. They can be trusted with the task. However, there are some that contain malicious bugs that can be used to steal your personal information, such as your Social Security Number or bank details. Others have weak security features, which can easily be cracked by hackers and fraudsters. Some of them can mine personal data contained in your device and sell it to third parties. So, how can you choose the right do-it-yourself tax software? Well, here are some time-tested tips that can help you.
Avoid Free Software
While free tax programs can be great, most have weak security protocols that can be exploited by hackers. Go for premium tax software. Companies behind premium software employ a variety of security mechanisms and ensure the data you feed in is safe and can’t be accessed by malicious people or programs.
Ensure the Software You Choose Is Encrypted
Encryption ensures anonymity and privacy, making it hard for hackers and malicious individuals to access your information. Encryption will also keep your data safe from alterations.
Find Out What People Think About The Software
Visit review sites to know what past users are saying about particular software before use. If the feedback is positive, the chances are that the software can be trusted. Be careful, however, and ensure the reviews are legit and from real users. But don’t stop there. Also, conduct offline research to provide the software you choose complies with all rules and policies put in place by the tax man. Avoid untested or not so popular tax software. They could be harboring bots and virus that can be used to access your personal information.
Now that you know how to choose the right tax software, there are precautions and tips you should keep in mind when filling your tax using tax software.
- Work With Another Person
When manually imputing data, make sure you have a trusted person your side to read the figures for you. This will help you avoid input mistakes. Some mistakes are quite costly to fix later when you are through with the process.
- Use Secure Computer And Internet Connection
Don’t do your taxes on a public computer. Some public computers may not have protections programs like antivirus software and firewalls. They are vulnerable to attacks and different cybersecurity threats. If you have to use a public computer, leave no trace of your tax activities. Delete all your data from the computer. Also, don’t use public WIFI. If you have to use public WIFI, ensure you use a VPN. A VPN will make it hard for hackers to access your information or know who you are.
Do-it-yourself tax software is great, but you need to be cautious. Always remember the tips we have highlighted above when choosing tax software. They will help you make the right decision and avoid the mistakes that most new users make.