Keeper Tax Overview: AI-Powered Expense Monitoring And Taxes

Keeper is an app that helps unbiased contractors, freelancers, and staff file their tax returns whereas protecting observe of work-related bills.

The app is out there for each iOS and Android units, or you need to use a web-based desktop model. 

Keeper could possibly be a very good match if you wish to keep organized come tax time. It’s vital to contemplate pricing and options earlier than signing up. Right here’s a more in-depth have a look at Keeper Tax and what it’s essential to know should you’re searching for an app to trace bills and file taxes.

See how Keeper compares with our record of the very best tax software program right here.

What Is Keeper?

Keeper, previously referred to as Keeper Tax, is an app designed for expense monitoring and tax submitting for unbiased contractors and small enterprise house owners. Keeper can scan your financial institution and bank card statements to search for bills to trace and write off, aiming to decrease your tax invoice. It additionally handles your tax submitting and presents tax professionals to supply solutions to questions associated to submitting.

The corporate, based in 2018 by Paul Koullick and David Kang, has rebranded from Keeper Tax to Keeper. The app is very rated on each the App Retailer (4.8 out of 5) and Google Play (4.5 out of 5). 

How Does Keeper Work?

Keeper is a mobile-first app that works on-line and in your telephone. Customers hyperlink financial institution and bank card accounts to the app to routinely scan purchases to search for potential write-offs.

After signing up with Keeper, you may be requested a sequence of questions earlier than you may transfer on to the following display. For instance, it asks should you’re a freelancer, an worker, or a enterprise proprietor. It additionally asks should you use your automobile or journey for work.

How A lot Does Keeper Value? 

There’s a free seven-day trial with Keeper. As soon as that ends, listed below are your pricing choices:

• Month-to-month subscription (expense monitoring solely): $20
• Annual subscription (expense monitoring and taxes): $192

The month-to-month plan is $20 per 30 days, which incorporates the expense-tracking options solely. Keeper presents a yearly plan, which incorporates every thing on the month-to-month plan, plus the choice to file your taxes at no extra price.

Notable Keeper Options

Let’s check out some key options from Keeper. 

Tax Professional Assist

If you use a platform that will help you file your taxes, you might not have entry to a dwell professional. Or, should you do, you’re required to improve to the next tier. The great factor about Keeper is that you’ve entry to a tax professional who can reply questions for you. It will not be over the telephone, however not less than you may have somebody provide help to along with your particular difficulty. 

Keeper prides itself on being a prime academic content material producer for these with 1099 taxes, so they could additionally have the ability to serve you with a video, article, or give you a calculator.

Audit Safety

Past an professional to reply your questions, you might wish to know what would occur should you have been to be audited by the IRS. Keeper gives audit safety, which suggests their workforce of tax assistants will assist collect any obligatory paperwork to ship to the IRS should you’re topic of an audit. They may also give you entry to CPAs and tax consultants who can reply any questions.

Write-Off Detection

Keeper presents write-off detection, which scans your bank card and financial institution accounts and notifies you of bills you may write off. Keeper seems at as much as 18 months of transactions to routinely present which tax breaks might have been missed. Then, the entire deductions are categorized and routinely added to your tax return. Keeper additionally double-checks the deductions to ensure they gained’t increase purple flags with the IRS.

A couple of steps are concerned earlier than you need to use this function, together with letting Keeper know what sort of work you do. Then it’s essential to hyperlink your accounts to Keeper so it could actually scan your transactions.

Tax Invoice Prediction

Nobody likes feeling shocked by a enormous tax invoice, which is why Keeper offers you year-round estimates on how a lot you’ll probably owe or lets you know the way a lot your refund might be.

You need to enter your standing, state, W-2, and 1099 revenue to calculate this quantity immediately. Their calculations embody all federal and state taxes, together with deductions and credit.

It is a useful function as a result of you know the way a lot to save lots of or how a lot you’re getting again, so you may funds for taxes forward of time.

Tax Submitting

Since Keeper already scans your tax write-offs and will get you prepared for tax season, submitting your taxes with Keeper might make sense. It presents automated tax type uploads and pre-fills paperwork for you. On the whole, it’s a really user-friendly expertise for filers.

You possibly can file your complete taxes utilizing your smartphone. Keeper says, on common, it takes customers 22 minutes to file their taxes. When you submit, a tax skilled opinions your paperwork earlier than submitting to the IRS.

How Does Keeper Evaluate?

Though Keeper is an easy-to-use platform that helps you with bookkeeping and submitting, it has restricted accounting options. It’s important to pay $192 for the yr to handle your bills however don’t have any entry the in-depth studies and options you get with QuickBooks, Xero, or different bookkeeping apps. It’s additionally on the pricier aspect, at $20 a month for expense monitoring solely. 

For a less expensive possibility, you might take a look at Hurdlr, which is an analogous accounting, bookkeeping, and revenue taxes app that’s completely free with the choice to improve to Premium at $8.34 per 30 days (billed yearly) or select to go along with their month-to-month possibility at $10 a month. Hurdlr has a similarly-priced tier, Professional, at $16.67 per 30 days (billed yearly). 

Everlance helps freelancers observe their enterprise bills and revenues. The app makes filling out a Schedule C on your taxes straightforward. Everlance presents a free 10-day Premium trial, however most of the options can be found of their free model. Everlance Premium options particular customer support entry, PDF studies, and automated journey monitoring. Premium prices $8 per 30 days or $12 per 30 days for Premium Plus. 

In case your taxes aren’t that difficult, you might file utterly at no cost. Try our favourite choices to file your taxes at no cost.

Loads of different cheaper choices let you export your information with no $39 added price. TurboTax tops The Faculty Investor’s record as the very best and best tax software program to make use of (although it’s additionally a bit costly). You possibly can import PDFs and spreadsheets instantly out of your employer, monetary establishments, and funding corporations to obtain your tax information. 

If you need a human to assist information you thru the method, contemplate H&R Block, which has strong software program with the power to import most tax PDFs, like Turbotax, but in addition has the additional advantage of hundreds of bodily areas throughout the nation. Right here’s our evaluate of H&R Block.

Go to The Faculty Investor’s Tax Heart to be taught extra about the very best tax software program, sources, and instruments, plus what to grasp about your tax return.

To contact customer support, you may e mail assist@keepertax.com. There isn’t any telephone quantity for customer support.

How To Signal Up

You’re requested for an e mail tackle and a telephone quantity. Then, you’re given an possibility of whether or not you wish to hyperlink your checking or bank card accounts to seek out eligible write-offs should you freelance, for instance.

After answering the questions and inputting your e mail tackle, you’re requested to obtain the app by a QR code in your laptop, or you may go on to the App Retailer or Google Play to obtain the app. 

Free Tax Assets And Buyer Service

Keeper is large on educating you on what to learn about your taxes that will help you get monetary savings and cut back your taxable revenue. They do that by their Free Tax Assets web page, which homes information articles, free calculators, instruments, articles, and FAQs on their web site.

For extra particular solutions to prospects’ questions, go to their assist web site.

Why Ought to You Belief Us?

The Faculty Investor workforce spent years reviewing the entire prime tax submitting choices, and our workforce has private expertise with the vast majority of tax software program instruments. I personally have been the lead tax software program reviewer since 2022, and have in contrast a lot of the main corporations on {the marketplace}.

Our editor-in-chief Robert Farrington has been making an attempt and testing tax software program instruments since 2011, and has examined and tried nearly each tax submitting product. Moreover, our workforce has created opinions and video walk-throughs of the entire main tax preparation corporations which you could find on our YouTube channel.

We’re tax DIYers and desire a whole lot, identical to you. We work laborious to supply knowledgeable and sincere opinions on each product we check.

Is Keeper Really A Keeper?

Keeper is a powerful expense monitoring plus tax submitting combo. If you happen to freelance, have 1099 revenue, and your funds are comparatively simple (i.e., you file a Schedule C), you might admire the app. Keeper is simple to make use of, and the expense-tracking options could also be worthy of the $20 month-to-month payment for some people. 

Nevertheless, in case you have a extra difficult work, revenue, and monetary state of affairs—for instance, should you personal rental actual property or purchase and promote crypto usually, you might contemplate a extra strong software program like TurboTax or H&R Block paired with an enough bookkeeping software program suite.

Keeper Options