Tax Software

[MarissaNicole]

What do you use? Did you buy it online or in a store?

How much did you pay for it?

Any suggestions or ones to stay away from?

I think my in-laws use turbo tax which is what I am leaning towards?

[MarissaNicole]

Oh I also found this:

http://www.irs.gov/efile/article/0,,id=118986,00.html

[MissCrabette]

We qualify for TurboTax Freedom Edition this year, which is free for federal and one state (not ALL states are free, only a select few). Additional states are $14.95.

Had we not qualified for that, I'd have gone for the H&R Block At Home Deluxe Federal & State. I don't think the deal is active anymore, but Target sold it for $39.99 with a $10 mail-in rebate, a $10 Target coupon, and a $10 Target gift card. Total cost? $9.99 plus tax and the cost of an envelope and stamp.

Barring that, whatever cheap deal I could find on this FatWallet thread. I've used TaxAct, H&R Block, and Turbo Tax. I can't see a huge difference between them, so I'm not loyal to any of them.

[MarissaNicole]

Okay I entered our info into H&R Block, and I am used to getting ALL of our Federal Income tax that we paid back... this year we are only getting about 75% of it back. Could that be because we aren't paying any education expenses this year?

[GrayMatterWife]

Turbo Tax.

But I am not sure if I am really smart enough to use it, since it apparently flummoxed Tim Geithner.

[Michele]

We are running it through TaxAct, but will ultimately use an accountant with the practice.

[SuzySunshine]

I also use Turbo Tax, I hate that we have to do 2 states and this Willie the last year we do them ourselves.


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[alison]

SS-doing them with an accountant is actually very similar to turbotax. They ask you the same questions almost word for word and fill out questionnaire after questionnaire!

[SuzySunshine]

I may try it myself before we just hire someone, we'll see. There will be some confusion because we will live in one state but work in another.


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[GrayMatterWife]

I have uses Turbo Tax for all sorts I'd weird personal income tax situations--including foreign earned income--and I have never had a problem. I created an additional spreadsheet on my own, to explain the calculations related to the foreign-earned income, but I think that was just lawyer overkill on my part.

But, we do not take "creative" tax positions. I don't play games or try gimmicks. I am not suggesting that anyone here would--but it is those sorts of positions that most frequently trigger audits.

Hire an accountant if you are entering into a partnership, though, I'd say

[lovelight]

I also use the free version of Turbo Tax.

[HouseofWool]

I may try it myself before we just hire someone, we'll see. There will be some confusion because we will live in one state but work in another.


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I don't think that is that big of a deal. TT should be able to handle that easily. The bigger issues that may crop up are related to his employment and how he is paid. Is it PP or employment etc.

[SoonerTexan]

I've been very happy with TurboTax. Definitely found (legit) deductions I wouldn't have known about. Also, I've started doing mine already and having most of the info entered already is nice.

[Deebs]

Until a couple years ago, we always used Turbo Tax and loved it. We have been audited and actually found that we under-declared (DH and I are really conservative in not "stretching" for any deductions), and it was really easy to pull up all of our old information and have it in one place. We use an accountant now, but only because DH worked in two states, we moved, and he has 2 or 3 w-2s and 2 or 3 1099s. It's just too complicated now.

[Chrisada]

I used H&R Block last year and it was a nightmare. As in me being on the phone with them for FOUR hours trying to get it straightened out because the software kept losing my info. and then would not load back. Horrible. Never again. We'll be using TT this year.