Complete your tax return by purchasing tax preparing software such as TaxCut, Turbo Tax, and Tax Act. They are easy to use, and you can prepare your tax return at your convenience. Simply enter your income and expense information, and the software will automatically do the math and put them in the appropriate form. Tax preparation software generally runs around $20-$80. You can choose to print off your return and mail it, or e-file it (some software will charge you extra for e-filing). Always use the latest version of software, since tax laws constantly change. Also, make sure that the software is compatible with your computer. To see ratings for online tax software see Tax Software Review by Top Ten Reviews.

Receive your refund faster (14 days is the approximate turnaround according to the IRS) and with fewer errors compared to the mail in method.

Just like tax software, except no installation. Complete your tax filing anywhere using a standard web browser. With online tax preparation, you’re working directly over the internet, while with tax software you’re directly working on your computer and saving to the hard drive. This can be less expensive upfront, but watch for hidden fees, especially in e-filing.

Eligible taxpayers can file their taxes for free with the Free File program beginning in mid-January 2009. There are about 20 tax software providers offering free tax filing subjected to limitations, including TaxACT. Before selecting a software company, confirm that you meet their eligibility. Read more about Free File.

Tax preparers work with clients to help them complete their returns. If during the past tax year, you’ve gotten married or divorced, bought or sold a house, inherited money, experienced a death of a spouse, or other major life event, then you’ll probably be better off going to a qualified tax preparer. Also, if you don’t feel comfortable doing your own taxes, you should look into seeing a qualified tax professional.

Walk in with your taxes, and receive a loan check within 1 to 2 days later. H&R Block’s Instant Money Refund Anticipation Loan, allows you to take out a loan in the amount of your anticipated tax refund and immediately receive your check, minus bank fees and H&R Block’s fees. Watch out though, this is not your refund; it is a bank loan that has to be repaid, and the interest rate can be pretty steep.

By preparing your taxes manually, you’re more likely to create errors. Missing a tax deduction or credit could cost you hundreds of dollars in a tax refund, and claiming the wrong one could result in a fraudulent return. Be careful and double check your calculations if you use this route.