Tax Preparation Software - Tax Cut vs. Turbo Tax
If you are looking to prepare your tax returns this year we offer this look into the top options for your personal tax preparation needs.
TaxCut
TaxCut includes everything to complete your federal and state taxes, plus guidance for every personal tax situation from 1040EZ to Schedule C. The software included an interview process to assist you step-by-step and guides users through a customized process, and includes advice on how to find every deduction your customers deserve and get the maximum refund—guaranteed, as well as H&R Block DeductionPro to maximize tax savings from donations. There are also advanced tools for investors and business owners such as guidance for rental property and expenses, assistance on investment income and stock options, and how to maximize business deductions for sole proprietorships.
Turbo Tax
Turbo Tax has an interview process that allows you to answer easy questions about your life, and it will put your answers on the right forms for you. The software will maximize your deductions TurboTax Deluxe searches for over 350 deductions, including mortgage interest, donations, and education. TurboTax Deluxe checks your return for errors and shows you how to reduce your risk of audit. Another capability is eFile or Print that will help you get your money sooner. File electronically, and you’ll receive your refund in as few as 8 days.* (Per Turbo Tax - *IRS typically estimates 8-15 days for e-file with direct deposit.)
Online Tax Preparation
If your tax preparation needs are simple, you may want to entertain the option of preparing your taxes with online tax preparation services from Tax Cut and Turbo Tax.
Although we have not tested these services, they may be worth a try if you only receive employment income and take only the standard deduction. Since they are fairly new offerings, simplicity is the safest option.
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