Facing the Tax Man is no easy and delightful task. Studies have shown that Tax Day is one of the least liked days of the year. However, learning how to do your own taxes is getting easier every year with the help of such tax software programs like TubroTax and TaxCut. With these software programs, people around the United States are becoming more tax savvy.
TurboTax is produced by Intuit and TaxCut is produced by H&R Block. Both of these tax software can be purchase from general office supply stores like Staples and/or Office Max. If in the event they are sold out (which is sometimes the case the closer you are to April 15), you can download them online. The price for the basic version of Turbo Tax is $24.95 and for TaxCut is $19.95.
The advantage of using TaxCut is that it is a cheaper program and has an audit protection service built into the software. It has an interview process that can help a person file their federal taxes and its simplistic format is ideal for first-time tax software users. It can import W-2, 1099, and data from the person's previous tax year returns and take data from other tax software programs.
It automatically double-checks any return errors and its support system, while somewhat limited, is built within the program. However, it has a few problems - the user interface has more to be desired in its presentation and when updating the software, some users have experience problems because it may conflict with various computer applications.
Turbo Tax is the more expansive of the two choices, but it has more advantages than TaxCut. First, its user interface is easier to mange and during the interview process the questions ask are easy to understand. It helps guide you through the process of answering and completing the correct tax form and it can automatically fill in W-2 and 1099 Information from participating employers and financial institutions. Turbo Tax has a more in-depth advice, support, and help program and can generally lend a user to a specific solution in regards to a specific problem.
In conclusion, cost and need are the main driving forces for those thinking of purchasing tax preparation software. Tax Preparation software is not limited to just these two programs (other examples include Quicken and/or Microsoft Money) but both programs are highly recommended because the majority of users have expressed higher satisfaction rates, and they are both backed by company guarantees.