TurboTax Tax Return App – Max Refund Guaranteed
Angebot gültig nur für neue QuickBooks Selbständige Kunden. Wenn ich an Lebensmittelgeschäft denke. Wenn sie die ganze Zeit richtig waren, dann würden sie exorbitante Gebühren aufladen und niemand würde verlieren. Optionen werden gekauft, wenn angenommen wird, dass der Kurs einer Aktie nach oben oder unten geht je nach Optionsart.
Dieser Betrag sollte in den Gesamtlohn in Feld 1 des Formulars W-2 von von Ihrem Arbeitgeber aufgenommen werden, da dies ein disqualifizierter Verkauf ist was bedeutet, dass Ihr Gewinn nicht für eine Kapitalgewinnbehandlung gilt, für die die Preise niedriger sind als für gewöhnliche Einkommen im Jahr Es ist langfristig, weil mehr als ein Jahr verging zwischen dem Datum, an dem Sie die Aktie erworben haben und das Datum, an dem Sie es verkauften. Wir subtrahieren dann die im Verkauf bezahlten Provisionen in diesem Beispiel 10 , was zu 8.
Die Kostenbasis beträgt 4. Der daraus resultierende Gewinn beträgt 3. Also, was machst du in diesem Jahr. Du musst eine weitere Anpassung auf deinem Formular von melden.
Verkaufen Sie Aktien mindestens ein Jahr und einen Tag nach dem Kauf und mindestens zwei Jahre nach dem Erteilungsdatum Marktpreis am Provisionen bezahlt am Verkauf Anzahl der Aktien Dieser Verkauf ist ein qualifizierter Verkauf, da mehr als zwei Jahre zwischen dem Zuschuss vergeben wurden Datum und Verkaufsdatum und mehr als ein Jahr zwischen dem Ausübungstag und dem Verkaufsdatum verstrichen.
Weil dies ein qualifizierter Verkauf ist, wird das Formular W-2, das Sie von Ihrem Arbeitgeber erhalten, keinen Ausgleichsbetrag für diesen Verkauf melden. Es ist langfristig, weil mehr als ein Jahr zwischen dem Datum, an dem Sie die Aktie erworben haben, und dem Datum, an dem Sie es verkauft haben, vergangen ist. Wir subtrahieren dann alle Provisionen, die auf den Verkauf gezahlt werden in diesem Beispiel 10 , was zu 8. Die Kostenbasis beträgt 2.
Der langfristige Gewinn ist der Unterschied von 6. Berichterstattung über eine Incentive-Aktienoptionsanpassung für die alternative Mindeststeuer Wenn Sie kaufen und halten, werden Sie das Schnäppchenelement als Einkommen für alternative Mindeststeuerzwecke melden. Melden Sie diesen Betrag auf Formular Also, in Beispiel 5, anstatt eine Kostenbasis von 2.
Daraus ergibt sich ein 3. Das ist alles ziemlich kompliziert und ist besser, um die Vorbereitungssoftware wie TurboTax zu besteuern. Sie können die Gutschrift verwenden, um Ihre Steuerrechnung in späteren Jahren zu senken. Steuerpflichtige mit langfristig nicht genutzten Kredite aus vor Jahren können in der Regel mindestens die Hälfte ihrer Kreditbeträge sammeln, indem sie ihre Rücksendungen einreichen, und der Rest kann durch Einreichung ihrer Rückkehr gesammelt werden.
Ein Weg um das ist, um die Aktie im selben Jahr zu verkaufen, dass Sie es gekauft haben, die Schaffung einer quotdisqualifyingquot Disposition. Zum Beispiel gehen wir davon aus, dass Sie bei einer Aktie an einem Tag, an dem die Aktie für 33 verkauft wurde, ausgeübt wurden und der Aktienkurs später auf 25 gesunken ist.
Ein Wort der Vorsicht Ihr Arbeitgeber ist nicht verpflichtet, Einkommensteuer einzubehalten, wenn Sie eine Incentive-Aktienoption ausüben, da es keine steuerpflichtige Steuer unter dem regulären Steuersystem gibt, bis Sie den Bestand verkaufen.
Obwohl keine Steuer zurückgehalten wird, wenn Sie eine ISO ausüben, kann die Steuer später fällig sein, wenn Sie den Bestand verkaufen, wie durch die Beispiele in diesem Artikel illustriert wird. Seien Sie sicher, für die steuerlichen Konsequenzen zu planen, wenn Sie die Konsequenzen des Verkaufs des Bestandes betrachten. Von Aktien und Anleihen zu Mieteinnahmen, TurboTax Premier hilft Ihnen, Ihre Steuern richtig gemacht Für nur 79,99 54,99 Der oben genannte Artikel ist beabsichtigt, allgemeine finanzielle Informationen zur Verfügung zu stellen, um ein breites Segment der Öffentlichkeit zu erziehen, es gibt keine persönliche Steuer, Investitionen, legal , Oder andere geschäftliche und professionelle Beratung.
Quicken Produkte von Quicken Inc. Quicken Import vorbehaltlich ändern. Aber, um fair zu sein, thatrsquos, weil ich mehrere verschiedene Online-Steuer Vorbereitung Optionen und bewertet jeder auf seine Verdienste. Mein Tax Prep Marathon deckte drei der beliebtesten Programme: Wie meine steuerliche Situation geändert hat, so hab meine Erfahrungen. Zum Beispiel, während des Steuerjahres , zog ich über Staatslinien und stellte daher zwei staatliche Steuererklärungen ein.
Meine Bewertungen werden beachten, wie jede Plattform behandelt oder reagiert auf bestimmte Aspekte meiner steuerlichen Situation. Für den letzten Lauf, im Jahr , habe ich eine modifizierte Version meiner tatsächlichen steuerlichen Situation für alle drei Programme verwendet, um einen Äpfel-zu-Äpfel-Vergleich zu gewährleisten.
Zum Glück für sie waren meine Bundes - und Staatssteuerverbindlichkeiten mit allen drei identisch. Allerdings gab es erhebliche Unterschiede in den Kosten der Dienstleistungen, sowie Variationen in der Höhe der Zeit, die es braucht, um meine Steuern mit jedem vorzubereiten. Termine A und B Basic: Für preisgünstigere Pläne kosten die staatlichen Renditen im Allgemeinen 36,99 pro Stück. Nachdem ich mit der Free More Nero Version begonnen hatte, wurde ich aufgefordert, dieses Paket zu aktualisieren, während du den Income-Bereich beendete, nachdem du alle Formulare angeben musst, die Irsquod braucht, um meine Rückkehr zu vervollständigen.
HampR Block erkannte die Komplexität meiner Situation und zeigte mir den Upgrade-Bildschirm und beriet, dass meine Rückkehr mit einem preisgünstigen Plan abgeschlossen werden könnte. Plus, itrsquos unterstützt durch ein Netzwerk von mehr als Aber die Einreichung online kann bequemer sein als Schleppen auf das lokale Büro, und itrsquos fast sicher, billiger zu sein.
Ich didnrsquot müssen ein Konto erstellen, um meine Rückkehr zu beginnen. In diesem Jahr war ich traurig, dass der Erstattungsbonus eingestellt wurde.
Sie können immer noch Ihre Bundesrückerstattung auf eine reloadable Prepaid-Debitkarte ndash nur ohne extra Bargeld. Federal Filing Sobald ich meine Rückkehr begonnen habe, war meine Erfahrung meistens positiv. Ich habe einige Fragen und Informationen gefunden, um verwirrend zu sein, zumindest relativ zu den klaren, vereinfachten Erklärungen von TurboTax.
Zum Beispiel, im Jahr , als ich darauf hinwies, dass ich während des Steuerjahres verheiratet worden war, wurde mir ein Einreichungsoptionsdiagramm mit diesen Erklärungen gezeigt: Während einige filers wonrsquot ein Problem damit haben, könnte dieser zusätzliche Schritt viele Anfänger unangenehm machen. Daneben ist der Einkommensbereich besonders anspruchsvoll und könnte überwältigend sein.
Es hat einfach alle IRS Einkommen Form und bat mich, diejenigen, die auf meine Situation angewendet zu wählen, und ldquoif yoursquore nicht sicher, ob man auf Sie zutrifft, überprüfen Sie die Box sowieso und wersquoll Arbeit auf sie zusammen.
Auf der hellen Seite, die letzte Seite von jedem Abschnitt enthalten eine prägnante, klare Zusammenfassung der Informationen Irsquod eingegeben.
Wenn irgendetwas schief aussah, konnte ich auf die entsprechende Seite zurückkehren und die falschen Informationen mit einem Klick bearbeiten. Seit ich als Gast angefangen habe, endete jeder Abschnitt auch mit einer Bitte um ein Konto zu erstellen, das ich jedes Mal ablehnen konnte. Wenn es geklickt wird, erzeugt es ein Popup-Fenster, das populäre Hilfethemen in Frageform auflistet und eine Suchleiste für weniger häufige Elemente vorstellt. Damit ist es einfach, eine Klärung zu erhalten, ohne die Rückkehr zu beenden oder ein neues Fenster zu öffnen.
Ein weiterer Punkt erwähnenswert: Itrsquos noch nicht klar, wie beeindruckende Watson ist, wie die meisten seiner Arbeit passiert hinter den Kulissen, aber itrsquos wahrscheinlich zu machen HampR Blockrsquos Steuervorbereitung Prozess glatter und mehr natürlich-Gefühl ndash eine willkommene Alternative zu dem, was manchmal ein klumpiges Unterfangen ist.
Genauer gesagt, hat mich das Programm sofort in den Zustandsteil geschlagen und automatisch alle relevanten Informationen aus der Bundesrendite importiert. Während des Steuerjahres , als Irsquod in zwei Staaten lebte, fand ich es einfach, meine zweite Staatsrückkehr auszufüllen. HampR Block erinnerte sich, dass Irsquod im Laufe des Jahres bewegt wurde, und die Software brachte mich automatisch zurück zum Anfang des staatlichen Rückkehrprozesses nach Abschluss des ersten.
Ich konnte meine Bundes - und Staatsrückkehr ansehen, meine geschätzten Steuergutscheine für das kommende Jahr ausdrucken und spezifizieren, wie ich die Steuer bezahlen wollte, die ich schuldete. Hätte ich für eine Rückerstattung berechtigt, dann wäre ich gefragt worden, wie ich es bekommen wollte. Alles in allem ging der Prozess reibungslos und in kürzerer Zeit als die beiden anderen Optionen hier.
Probiere Bevor du kaufst. Ich war in der Lage, meine gesamte Rückkehr zu vervollständigen, ohne ein Konto zu schaffen, wenn ich es nicht in einer Sitzung getan hätte, wäre ich gezwungen gewesen, ein Konto zu erstellen, um meine teilweise abgeschlossene Rückkehr zu speichern.
HampR Block kann seinen Rückerstattungsbonus für Rückerstattungen, die auf Prepaid-Geschenkkarten geladen wurden, eingestellt haben, aber itrsquos hat für diese Enttäuschung mit erheblich verbesserten Importfähigkeiten ausgeglichen. In-Person-Support während und nach der Einreichung. HampR Block hat ein Netzwerk von mehr als TurboTax und TaxAct donrsquot haben solche Unterstützung.
Ich habe nicht die komplizierteste steuerliche Situation in der Welt, und ich musste noch auf den teuersten HampR Block Plan upgraden. Der offensichtliche Kontrast hier ist TaxAct, der mir erlaubt, meine gesamte Rückkehr mit der freien Version zu vervollständigen. Ich war enttäuscht, dass HampR Block seinen Erstattungsbonus für das Steuerjahr nach Jahren des Angebots von bis zu 10 zurück zu den Kunden stoppte, die ihre Rückerstattungen auf Prepaid-Geschenkkarten nahmen.
Unflexible Navigation während der Vorbereitung. Mehrere Male während des Prozesses, fand ich mich durch mehrere irrelevante Fragen. Allerdings könnte HampR Block seine interne Navigation rationalisieren, damit die Benutzer in ihrer Rückkehr hin und her springen und vielleicht eine Seite von TurboTax nehmen und einen intuitiveren Interviewprozess implementieren können.
In general, HampR Block is suitable for people who have some tax filing experience and comfort with the basic contours of the process, including choosing the appropriate filing status and selecting the right forms.
See our full HampR Block Review for a complete analysis. Federal Free Edition Absolute Zero: For higher-priced plans, state fees generally range from I began with the Federal Free version which quickly proved insufficient for my needs. I actually upgraded in steps: Each time I provided an interview answer that couldnrsquot be handled with my current version for instance, indicating that I had received a MISC and thus had self-employment income , TurboTax prompted me to upgrade to the cheapest version that could handle it.
I was eventually shepherded into the most expensive plan. Though it doesnrsquot have a dense network of physical branches to back it up, TurboTax is owned by Intuit, one of the countryrsquos best-known financial software firms. TurboTaxrsquos plans are a bit more expensive than HampR Blockrsquos, despite a free version thatrsquos appropriate for relatively simple tax situations. I started with the free version, but ended up having to upgrade to Home amp Business, the priciest plan ndash though I was fortunate to get a 25 discount on the On the other hand, TurboTaxrsquos interview-style preparation process is extremely intuitive, demystifying tax issues for novice filers.
TurboTax also has a clean, mobile-friendly layout and a great mobile app, not to mention excellent customer support and a dynamic, user-supported knowledge base known as the AnswerXchange. In the interest of full disclosure, I should note that Irsquod used TurboTaxrsquos online tax prep software for several years before my first comparison test and was therefore already quite familiar with the platform. However, my experience in recent years has been different ndash and not always in a positive way.
The low point was the tax year. Had I not used TurboTax previously, I would have struggled mightily to complete my return in a timely fashion and certainly wouldnrsquot have finished it as quickly as I did.
I encountered various problems, including HTML errors when attempting to upgrade and random sign-outs though fortunately without any accompanying data loss while actively working on my return. Federal Filing One of my favorite things about TurboTax is the ability to import prior-year returns from any tax prep service, as long as the return is in PDF format. This is hugely helpful for first-time TurboTax users. I also like how TurboTax eases you into the interface with helpful pop-up windows that explain key features of the platform, such as the help bar and internal navigation tools.
I easily navigated through the early stages of the TurboTax prep process. TurboTaxrsquos questions are more pointed and easy to understand than HampR Blockrsquos, and the platform rarely presents confusing or vague information. At the beginning of each section, TurboTax takes care to call out ldquoless commonrdquo situations and forms, subtly directing you towards items that are more likely to apply.
The platform also places ldquoLearn Morerdquo buttons next to items that may require explanations, such as schedules and types of income.
Clicking on the button creates a pop-up window that explains the topic in detail ndash a somewhat less confusing solution than HampR Blockrsquos searchable popup help windows.
For filers in a rush, this is a time-saving alternative to searching the AnswerXchange. I also like that TurboTax waits until yoursquore done with state taxes to review everything. This is a marginal time-saver relative to HampR Blockrsquos federal-only and state-only reviews. However, Irsquove noticed at times that when I attempt to move backward in my federal return to check something manually, Irsquom stymied by an HTML error.
This has happened sporadically for several years and itrsquos frustrating. The process for adding a second state, if necessary, is slightly more cumbersome as you have to navigate an additional drop-down menu. But thatrsquos a pretty minor issue. I do like that TurboTax follows your state return s by reviewing the entire package and assessing your audit risk with a handy thermometer graphic.
This part of the process does come with a pitch for MAX audit defense package, an optional add-on that costs TurboTax is nothing if not thorough. The first time I ran this comparison, I was impressed that TurboTax affirmatively asked how I preferred to pay my taxes and file my returns, and that I was given a choice of which returns to file.
Though it has consistently taken me longer to file with TurboTax than other tax prep problems, I do appreciate the programrsquos thoroughness.
TurboTax is the most user-friendly of these three programs. Its design and aesthetic are intuitive and easy on the eyes, unlike the more cluttered, less intuitive TaxAct. Its questions are both simply worded and logical, whereas HampR Blockrsquos interview questions and explanations can be confusing.
And in addition to offering a powerful app, TurboTaxrsquos regular version is very mobile-friendly. TurboTax lets you import your prior yearrsquos tax return and supported forms from any other online tax prep system, as long as you can convert the return to PDF format beforehand. Good Customer Service and Help Functions.
TurboTax has some useful support features, including a customer service hotline with extensive hours and a comprehensive knowledge base called the AnswerXchange. I referred to the AnswerXchange several times during this yearrsquos filing process and always had my questions answered to my satisfaction. TurboTax users can even respond to questions in the AnswerXchange, allowing fellow users to share collective knowledge.
Though itrsquos arguably the easiest to use bugs notwithstanding , TurboTax is the highest-priced option of the three. This past tax year, I paid For filers without razor-thin budgets, TurboTaxrsquos other features may outweigh its steep price tag, but it could be disqualifying for more cost-conscious folks. Lots of Apparent Bugs in the System. My personal TurboTax experience has consistently been rife with annoying bugs and functionality issues in recent years, which is surprising given that Irsquove used it with no problems prior to the tax year.
While itrsquos impossible to know for sure how others experience the platform, my experience could well have been representative. Like HampR Block, TurboTaxrsquos lower-priced plans are only ideal for filers with simple tax situations. If you have capital gains income, you need to upgrade to the Premier plan. Self-employed people need to purchase the Home amp Business plan, which costs at least TaxActrsquos free plan can handle virtually everything TurboTax Home amp Business can for a small fraction of the cost.
As my go-to tax filing program for years, TurboTax has built up a lot of goodwill with me. Unfortunately, the program seemed out of sorts this year, with bugs and functionality issues that tested my patience. Plus, itrsquos significantly more expensive than competitors, and its free plan seems little more than an afterthought.
That said, you do get what you pay for: Itrsquos nice to be able to import from so many sources too. In general, TurboTax is ideal for novice tax filers as well as more experienced filers for whom affordability isnrsquot a top concern. See our full TurboTax Review for a complete analysis. More expensive products up to 60 federal and 25 state available for niche situations, like complex business ownership and trustsestates.
In the past, Irsquove used the Free version, but recent updates have rendered it unsuitable for situations as complex as mine. This raised the overall cost of filing, but it was nice not to have to upgrade midstream. All in all, I was pleasantly surprised, and my appreciation for TaxAct has grown in subsequent years. TaxAct uses interview-style questions that are similar, though more exhaustive and less responsive to user answers.
The system may ask you questions about specific situations that donrsquot apply to you, based on previous answers, whereas TurboTax and HampR Block seem to learn better from earlier responses. By covering just about every topic that could apply to you, TaxAct can be tedious and time-consuming. However, the program has gotten better since Irsquove been using it ndash my time investment this past year was significantly lower than in the past.
Unfortunately for TaxAct fans, the companyrsquos free version has gotten stingier, even as competitors including TurboTax and HampR Block have upped their free tax prep games. TaxActrsquos free version once supported the vast majority of available tax forms and schedules, meaning it was appropriate for virtually any non-business situation.
Today, itrsquos only appropriate for simple situations. This probably isnrsquot a dealbreaker, as TaxActrsquos most expensive consumer version is cheap relative to the competition, but itrsquos still frustrating for those accustomed to low-cost tax prep.
Federal Filing Based on prior experience, I kicked off my most recent tax prep campaign with TaxActrsquos free version. However, I quickly realized that I would not be able to handle my super-complex situation without upgrading, so I upgraded to Premium and continued on my way. I was miffed about shelling out 55 for a program that had previously cost dramatically less, but I was heartened to find that TaxAct had gotten more user-friendly in the interim. In previous years, TaxAct has presented its questions in small, plain-font text that looked tiny on a small screen.
These days, itrsquos not exactly mobile-friendly, but itrsquos brighter and easier to read than before. TaxAct also has a lineup of free or low-cost features that can simplify and streamline the tax prep process.
For instance, the price lock guarantee ensures that you never pay more than the price TaxAct quotes you at sign-up, even if the company raises its prices in the interim. The at-a-glance help feature gives you real-time advice and commentary as you work through your tax return.
The bookmark feature lets you flag interview questions for review at a later time. And DocVault lets you take smartphone photos throughout the year of bills, forms, receipts, and other paper items that you might need to complete your taxes, then upload them to a secure server for reference at tax time.
This is a huge help for people who take lots of deductions for charitable giving or business expenses ndash because of it, my business receipt folder is no longer bursting at the seams.
State Filing TaxActrsquos state return section is similar to the other two servicesrsquo, with automatically imported information and thorough, state-specific questions. As with TaxActrsquos federal return, sometimes itrsquos sometimes too thorough.
It starts immediately after you finish your federal return, though yoursquore free to leave it for later. Like TurboTax, TaxAct waits until all your returns have been completed to review them for accuracy, saving some time. However, the review process is more complicated than TurboTaxrsquos and HampR Blockrsquos, with different alert levels red, yellow, and green that identify issues of varying severity.
TaxAct uses these alerts to assess your overall audit risk, though it doesnrsquot display this risk in a handy graphic like TurboTax. You can also skip the alerts altogether. Finally, before paying, TaxAct pitches you on its Tax Audit Defense service, which costs 40 to 50, depending on your plan level. Once you pay for TaxActrsquos prep services, the platform takes care of your refund or tax payments, walking you through how to prepare for next yearrsquos taxes including introducing its Donation Assistant app, which can help you track and quantify non-cash charitable donations throughout the year.
As with TurboTax, I found that this part of the process dragged on a bit, lengthening an already tedious process. But Irsquove always finished up without spending more than 55 to file my taxes.
I think that counts as a win. TaxAct is the cheapest of the three services reviewed here. I have a complex tax situation, but I was able to walk away from my most recent filing without spending more than Thatrsquos significantly less than I spend for tax prep with HampR Block and TurboTax, both of which have required me to upgrade to the priciest consumer plan.
TaxAct offers a price lock guarantee to all customers at sign-up. Once you create your account, yoursquore locked into TaxActrsquos pricing at that moment, even if you leave your return for months and TaxAct raises prices during the intervening period. Since tax prep companies frequently raise prices close to the filing deadline, this is great news for frugal filers.
TaxActrsquos DocVault app is a useful way to keep track of receipts, bills, tax forms, and other necessary documentation that you may need to complete your return. You can add photographic records to a secure, mobile-accessible storage area throughout the year, potentially eliminating the need to file away tax-related papers for reference at tax time.
Meanwhile, TaxAct has a separate app that calculates the fair value of non-cash charitable donations, a potentially lifesaving tool for filers who donate vehicles, furniture, or other valuable items.
HampR Block and TurboTax donrsquot have such user-friendly record-keeping aids. TaxAct has a helpful knowledge base and a basic customer support framework, but it lacks the robust human support of HampR Block and the dynamic, user-supported knowledge base of TurboTax.
Such resources are useful for inexperienced filers and those with newly complicated tax situations, such as itemized deductions or business tax credits. TaxAct doesnrsquot offer a refund bonus for filers who choose to receive their refund as a gift card. In fact, there isnrsquot a refund-as-gift-card option here at all.
This could be a big drawback for folks who want to wring every last penny out of their tax refund. My process was lengthier primarily because TaxAct wasnrsquot as good at intuiting my situation ndash instead of asking questions specific to my needs, it asked me about pretty much anything that could be relevant.
The program has gotten better in recent years, and Irsquove therefore been able to cut down my prep time significantly, but it still took about 15 minutes longer than either competitor on the most recent comparison run.
I was pleasantly surprised by my experience with TaxAct. It has always been my cheapest option by far, and its functionality has improved significantly over the years, such that itrsquos nearly but not quite on par with TurboTax and HampR Block. That said, my TaxAct return has consistently taken longer than my TurboTax and HampR Block returns, and by the end, I had grown frustrated with its thorough but tedious questions.
Also, I wasnrsquot impressed with the support infrastructure. In general, TaxAct is ideal for somewhat more experienced filers who know which forms they need. While I probably wouldnrsquot have felt comfortable using it the first time I ever filed my taxes, its low cost also makes it suitable for less experienced filers on a very tight budget. See our full TaxAct Review for more a complete analysis. A bevy of other options exist, from relatively well-known providers like TaxSlayer and eSmart Tax.
And the federal government can help as well with free tax preparation options. The point is, there are plenty of tax preparation options besides these three.
Depending on your tax situation, you might find one thatrsquos easier, faster, or simply less stressful to use. Whatrsquos your favorite online tax preparation software Let us know in the comments below.
Kira, you sound like me. I do my taxes with multiple softwares every year and file with the one that gives me the biggest return obviously. I noticed that you state refund varied considerably considering that it went from 3 to I also noticed that it was TurboTax who gave you the lowest state refund. You didnt touch on this point Im very curious to hear what your opinion on this. Considering that TurboTax touts itself to be the most accurate and even offer refunds to anyone that gets better results with another software, again, Im very interested to hear what you think.
Great review, very helpful. Thanks I use Taxact and I know absolutely nothing about taxes. I have a moderately simple return, college tuition payments, child deductions, mortgage interest, and an employer funded relocation. I feel the deluxe version is tailored toward people like myself. I dont know what I can deduct and what Im entitled to, so the deluxe version asks you a bunch of questions about what happened last year, with the hopes of finding some deductions. If you know your stuff like Kira, the free version works just fine.
Its easy enought to use and cheaper than TurboTax. Thank you for the thorough reviews. Mark D Ex Turbo Taxer Kira, thank you for the fine comparison and for taking the time to share it. Id already decided to drop Turbo Tax this year. After over a decade of exclusive Turbo Tax filings they have finally shaken me out of their their tree just too expensive for a lot of fluff features I dont really need.
I hope Bob is reading this because apparently he doesnt realize there is a depressionrecession going on and 50 extra misc costs is just too much to pay for tax software when there are so many oprions to choose from. I guess hell have to start charging to make up for my lost sale. Even 45 is a bit steep in my opinion for a Deluxe version of a tax program but I was considering HR Block as an alternative this year. I can put up with a little more frustration and work to save big time Ill probably need it for the taxes I owe: Kira, I often browse through articles online about 80 of my random thoughts, and because its tax prep season i searched for an article such as this one And I rarely post comments but you deserve recognition for taking the time to put this together.
Thank you It was extremely helpful. I filed my taxes last year using the TaxAct software and using it again last year. I was curious about the comparison between all three leading tax prep softwares and your review was very detailed.
Your article was very helpful to compare free online tax prep software. Thanks for taking the time to put this thorough review together. I have been using TaxAct the past few years because its completely free. I found it using the link on the irs. I am self employed, so I need to file Sched. One suggestion I could make for you would be to post the true cost of each software conspicuously at the beginning of each software section. I had to dig deep into Turbo Tax and HampR Block to discover that Id have to pay for an upgrade to do my somewhat more complicated tax return.
Maybe TaxAct is tedious, but I do think its very thorough, which is not a bad thing when it comes to filing your taxes I have done my taxes by hand for years, so Im familiar with the forms and I stay up to date. I combed through my TaxAct return and didnt find anything they missed or any errors.
If theres better free software than TaxAct out there, Id like to hear about it. Kira, thanks for the efforts in comparing tax software. I think you brought out some good points. I have done my own taxes for a long time and even used to do it by hand ugggh.
I have been a Turbotax user for a long time. In addition to the usual mortgage and donation deductions I also have stock sales to deal with.
Last year I decided to try the free version. They dont tell you ahead of time that you cant do multiple returns under the same name. I do my daughters taxes each year so I ended up complaining to Intuit Turbotax and they gave me the software as a download. It was very troublesome and irritating. I am very wary of using any free software now. I definitly wont use Turbotaxs free software. Also Turbotax charges you when you e-file using the free software.
I have used TaxAct Delux for the past 5 years. I had used the other versions since I pay 17 for the Delux version Tax Act for State and Federal by ordering it in the Spring My credit card isnt charged until it becomes available. This is half of what the others want at Walmart or Staples.
Plenty of time to make adjustments in 4Q estimates if necessary. I find these look just like the Federal Forms and are very easy to navigate and find answers to. This wasnt always the case with TaxCut. I like it better and its about half the price. I couldnt figure out what date HampR block had for me, especially since I had my taxes filed at an HampR office just last year and my other information showed up on the HampR website.
I finally just gave up and used Turbotax. Has any one ran into this It didnt say what form just contact amp make an apt. If you wouldnt mind add completetax to the analysis. I have never tried anything besides Turbo Tax, and it has worked for me for several years. The only bad thing I can say about Turbo Tax is it will definitely waste your time having you fill in data that has no bearing on your tax return, such as all info from your W-2 instead of just the stuff that matters. It also will set you off digging for receipts only to find out later that you dont come close to enough of whatever it is to take the deduction they should tell you these details before they have you did for receipts.
My experience is that it does tell you. These are things you should know before even beginning the process of entering your data. Sorry folks, if youve ever itemized then you should know basically what it is looking for. Sorry Sierra, they dont tell you. Im not a tax expert, but do know a lot, learned it the hard way. You shouldve googled it first. I did and found out right away my medical expenses wouldnt make the cutoff. Saved me tons of time digging up old bills.
How about a day w a family of 5, did it once in the , they could have said, dont bother unless you feel its gonna be over 7.
A non-deductible IRA converted to a Roth and then some disallowed Roth contribs recharacterized back to the traditional took over 19 hrs, several calls to them and still has us paying tax on the wrong amount and wrong basis for the non-deductible traditional, mostly I blame the complicated tax code, but still, we have all the numbers and facts and still cant get the right answers.
I had to correct typos and deal w random input repeatedly to bring you the experience above. Seems like TaxACT has option of adding G statelocal tax refunds but when doing your state tax return, it will subtract this amount from your states AGI since it treats them as state refunds. You need to make sure you dont subtract the local tax refunds from AGI which should have the local tax refunds added to your regular income just like your last years state refund.
The only I could bypass this is to goto state subtractions step and manually correct it to only include state refund and not the local tax refund amount. Really a stupid non-functional program. And TTax is a ripoff on every level Good article. I agree with it. I stopped using taxcut a few years ago after it refused to tolerate a particular state deduction. When i contacted customer service they said use our fat client CD for that. I thought no thank you what else am I missing I didnt know about Ive used taxact but despite it being thorough it is indeed a terrible interface compared to the beautiful simplicity of turbotax.
If I was cheap I could turbotax and then run the same numbers through taxact, but I suppose TT probably deserves something for their business, although their prices are wildly higher. I can tell you why Turbo Tax doesnt let you pay out of your refund anymore. They are currently in the middle of a class action law suit because they were charging a 39 convenience fee for taking their software cost out of the refund. Seems like they are admitting that option was completely uncool by removing it from this years payment options.
I have been using tax act for years now and its easy to use and we itemize so it has all the areas to enter real estate taxes, mortgage insurance, student loan interest etc I think you just have to use the deluxe version which is still pretty darn cheap I think the deluxe with state is under 20 bucks actually I think they call it their Ultimate Bundle Does anyone know if TurboTax Premier is what I need if I have income and expenses for both foreign and domestic rental property You do not need premier but it will help if you are not familiar with filling out the tax forms associated with these incomes.
We own a small business. Our corporate taxes are done by our accountant, but to save money, Ill file our personal income taxes, myself. I believe I need to enter the amount of our business Incomeloss, so every year I shell out extra money for the Premier Edition of Turbo Tax. Does anyone one know if the Deluxe Edition could provide the same Thank you.
Thank you so much for doing this research it is very helpful. First time tax filer on my own this year as inexperienced as it gets. I found that navigating all of the sites was fairly simple and easy.
However I found turbotax to be the best for me. Simply because they made it easy for me to understand what information i needed to put in and where it needed to go. I felt like i was guessing on things with tax act and HampR, but with turbotax i was confident with the information i was providing. I am certainly not qualified to say which program was the best overall. But I better understood the process and learned more about the process with turbotax. I feel as if i tookbig testand knew i got some portion of it wrong with the other programs..
I entered no new information, I just saw the value drop What gives I used all three this year. Turbo tax and tax act had the same refund. HampR Block got me twice as large a refund I went with the larger refund obviously, even though HampR block charged a bit more. Also they were a bit frustrating because they kept asking me vague unanswerable questions, had no live chat, never responded to emails, and would not e-file my return. Still, for twice the refund I went with HampR block.
Probably wont next year, preferred Tax act. I have used TaxACT for the past two years and I generally agree with your assessment in that it could definitely be made to be more personalized and user friendly.
In Illinois the state return is pretty easy to do becuase most of the hard work is done on the federal forms the Illinois return basically starts off with you entering the federal AGI and going from there for them to get their cut hehe. TaxACT is definitely not the easiest to use, but once youve been through the process once, doing taxes the next year is a breeze.
And you cant beat the price of free when it comes to tax prep software: Turbo Tax Deluxe more than basic but cheaper than homebusiness does offer Sched C, just less support in going through it, not sure exactly what that means because I do have sched cs but never tried the home and business because I felt OK with the plain deluxe. Ive used Turbo Tax the last 3 years but there is some sort of bug preventing me from using it this year and I called customers service, the call got disconnected 20 minutes in, so now I guess Im going to try one of these other options.
I liked Turbo Tax but it was buggy last year and not even working this year. I have stayed with Tax Act for several years, despite a notable glitch more below. It does take a bit longer because of the exhaustive question and answer process, but is quite affordable. The glitch I found was when I moved to another state from California, began taking my pension well after moving, and had to file the California Non-Resident or Part-Time Resident along with my federal present state does not collect taxesyay.
Despite this fact, Tax Act attempted to assign taxes due from my pension to California, and I had to manually overrule the software to assign zero taxes due there. It worked, but the software should have calculated this correctly to begin with. Ive used Turbotax the last few years, this year and last it was completely free. The only difference between their free and other plans that i seen is if you have efile w-2 it automaticlly fills it out and the free you have to type it in, The results were the same so I obviously used the free service even though it took longer.
Its tries to sell you the other plans but if you just click no thanks it goes away. Do you know where your tax return file along with all your personal info was saved, i. It was very helpful. That said, every tax situation is different, so my experience may not have been representative.
Id be interested to hear if others received different refunds or penalties. I just learned that my terrific and long-time tax preparer is too ill to bother this year. Therefore, I am going to do my own this weekend. In addition to W2 income, my wife also has a business so we have a Schedule C in addition to business depreciation plus educational expenses, s and scholarships for our kids.
Do all of the programs you mention cover these necessities Thanks in advance Sorry to hear that, Rick. To my knowledge, each of these programs should support your tax situation. However, you likely wont be able to complete your taxes with any programs lower-priced plans, as those tend not to support Schedule C. We are actually publishing an update to this post in the very near future. Check back for a look at changes for the tax year TaxAct in particular has changed significantly.
This post which was great and very detailed doesnt have a date on it. They dont save your data if you need to downgrade. This information is hopelessly out of date.
The tax-software industry has gotten more dishonest and deceptive, so dont assume that anything said here is still true especially the good things. Great article Ive been using Tax Act for 90 of my returns, looks like I made the right choice charissagrandin Charissa Grandin Whats the best option for those who have s independent contractors and work from home and can deduct a portion of home expenses TurboTax just keeps going up and up in price over the past couple of years, so I think its time to switch.
Of these three, Id recommend TaxAct its hands down the most affordable option for independent contractors with complex or even moderately complicated tax situations.
Neither are included on this list, but both are reasonably priced and CPA-driven, which is a plus for folks who arent as confident doing everything on their own. Needless to say, all 3 sites gave me 3 different answers.
TurboTax zurückzuholen, ist auch, beginnend mit Verschlüsselung Ihrer Daten sicher. Während der Ausrichtung müssen Sie Ihre Telefonnummer zur Verfügung stellen, die TurboTax als zusätzliche Authentisierung Methode verwendet, wenn Sie überhaupt von einer anderen Vorrichtung anmelden müssen. Neugierig über Ihren Steuererklärungstatus? Möchten Ihre Bundes- oder Zustandrückerstattung aufspüren? Für Preis on-line-Wahlen werden affordably festgesetzt: Die Tax Rechnereigenschaft ist mit Prämie und Prämie u.
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