Cost of TurboTax Online
Two inevitable things in life are death and taxes. You don’t need a professional to help you die and now with tax software for your computer you don’t (always) need a professional tax adviser to help you fill in your tax return and claim all the refunds that you are due. You need 3 things from tax software and these are: a good price (because it is all about saving money), a user friendly layout that covers all aspects of your situation, and lastly expert support for when things get complicated. So here are 10 short reviews of the most popular tax software.
1. H&R Block has a very easy to navigate home page and no confusing ‘use now pay later’ gimmicks. The basic package is free, then there are two other upgrades at $30* and $50*. Customer support looks good too as can be judged from the multiple language options and categories of help in the first place with downloading, installing and printing etc. You can link to a customer support tax advisor when you get into the actual tax content part. The website is intuitive and each page has just enough information and only two main options at the most. H&R Block At Home Online Split Page
2. TurboTax offer their 1040EZ and tax preparation software for free and the more complex your financial affairs the more you will pay for filing software. The Deluxe version for example is $30 (minus 5 cents *) and is for more complex situations such as home-owning and medical claims. Best of all this one updates year on year by importing your last filing. This really saves time as well as ensuring you get all the deductions you are entitled to.TurboTax software for those with investments and rental property costs $50*. While for home and business combined is $75* while the corporate business version is $110*. A confusing thing about TurboTax is the ‘pay when satisfied’ idea. You have to start using your chosen tax software before you can get at the FAQs and presumably pay when you have completed your form. So it’s hard to judge the support and the user friendliness doesn’t start too well.
3. Complete Tax also give their bottom of the range free and prices rise from $15* through $30* to $50* for the most intricate tax situations. The support through FAQs is excellent as is illustrated by the very first one. ‘Which states allow on-line filing?’ There is an alphabetic menu to tell if you are wasting your time or not. They also do the ‘start for free’ thing just like TurboTax. Get Your Maximum Refund with CompleteTax!
4. Filelater is the website to use if you need to extend your tax deadline. There are just two options, one for a tax extension on personal finances at $18* and the other for a business tax extension at $40*. The site explains why and how to do this in simple terms and makes the process easy and reassuring. You end up with an IRS confirmation number when your deadline has been extended. Get a 6 month tax extension , and the IRS doesn’t ask why – it’s automatic!
Be sure to shop around for the online income tax software that suits you best. Now it’s up to you to gather your receipts and get your money back. Hope this helps save you money!
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TurboTax Deluxe Federal + E-File 2012
Software (Intuit, Inc.)
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You need to do a cost:benefit analysis and see
How much (if at all) you will benefit.
Do some 'dummy' tax returns on one of the online programs (turbotax, whatever) and plug in the figures for different scenarios and see what you come up with in terms of the bottom line.
Keep in mind that you can CLAIM the IRA deduction on your return even if it's not funded at the time you file-- as long as you fund it before 4/15/12.
IOW, if it works out for you, you can claim your IRA deduction and file your return early (say 1/31/12, for example) and then by the time 4/15/12 rolls around you will have your refund, to which you might only have to add a little bit of money from your HELOC to fund the IRA.
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TurboTax Deluxe Federal + E-File + State 2012 for PC [Download]
Digital Software (Intuit)
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