Prompt
Can you recommend a tax planning software for comparing filing scenarios when a client has W-2, 1099, and rental income?
Latest observation
Yes — if your main need is comparing “what-if” filing scenarios for a client with W-2, 1099, and rental income, I’d look at software that supports tax projection, multi-scenario comparison, and entity/filing status analysis.
Best options to consider
1. Drake Tax / Drake Tax Planner
- Good for tax professionals
- Includes tax planning/projection tools
- Can compare scenarios like:
- W-2 only vs. adding 1099 income
- Schedule E rental treatment
- Married filing jointly vs. separately
- Retirement contribution strategies
- Strong value if you want a more affordable professional suite
2. Intuit ProConnect Tax + Planner
- Solid for scenario analysis and projections
- Useful if you already work in the Intuit ecosystem
- Can model multiple income streams and estimate tax impact
- Better for firms already using QuickBooks/Intuit tools
3. CCH Axcess Tax + Tax Planner
- More enterprise-grade
- Very strong for complex client planning
- Good reporting and scenario comparison capabilities
- Typically pricier, but robust for larger practices
4. UltraTax CS + Planner CS
- Excellent for detailed tax planning
- Strong integration with tax prep workflows
- Good if you need advanced modeling for rentals, pass-through income, and projected liability
5. Lacerte Tax
- Strong for high-complexity returns
- Has tax planning/projection features
- Often favored for more intricate client situations, though usually on the pricier side
If you want a lighter-weight planning-only tool
If you don’t need a full tax prep suite, look at:
- Holistiplan — very popular for tax planning summaries and scenario insights, especially for advisors
- RightCapital / eMoney / MoneyGuide — more financial planning oriented, but can be useful for broader scenario modeling
- BNA Income Tax Planner — strong standalone tax projection tool, more traditional and detailed
My practical recommendation
- Best value for tax firms: Drake Tax
- Best standalone planning tool: BNA Income Tax Planner
- Best advisor-friendly presentation/reporting: Holistiplan
- Best enterprise option: CCH Axcess or UltraTax CS
What to look for specifically
For your use case, make sure the software can handle:
- Schedule C / 1099 self-employment income
- Schedule E rental income and depreciation
- QBI calculations
- Estimated tax payments
- Scenario comparisons side-by-side
- State tax impact
- Different filing statuses and spouse income combinations
If you want, I can also give you:
- a top 3 shortlist by budget, or
- a comparison table focused specifically on W-2 + 1099 + rental scenario planning.
Observation history
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