Author Topic: DIY Tax Software  (Read 24339 times)

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Offline eyephone

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DIY Tax Software
« on: January 19, 2015, 01:11:27 PM »
If you do your own taxes, what tax software do you use?

Offline irvinehomeowner

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Re: DIY Tax Software
« Reply #1 on: January 19, 2015, 01:51:12 PM »
Everyone I know uses TurboTax.

I use H&R Block (used to be called TaxCut).
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Offline qwerty

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Re: DIY Tax Software
« Reply #2 on: January 19, 2015, 01:57:46 PM »
i use turbotax, all my tax returns are online since 2004. some people i know use taxact.com, it is cheaper than turbotax.

Offline eyephone

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Re: DIY Tax Software
« Reply #3 on: January 19, 2015, 04:03:40 PM »
I noticed there is a $10 off instant rebate for Turbo Tax @ Costco.

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Re: DIY Tax Software
« Reply #4 on: January 19, 2015, 05:45:07 PM »
I use Turbo Tax to do my own taxes...but I taxact is pretty good too.
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Offline eyephone

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Re: DIY Tax Software
« Reply #5 on: January 20, 2015, 12:03:48 AM »
Turbo Tax for the computer - do most people get the deluxe or premiere version?

Offline qwerty

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Re: DIY Tax Software
« Reply #6 on: January 20, 2015, 01:05:05 AM »
I get the premier version.

Offline irvinehomeowner

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Re: DIY Tax Software
« Reply #7 on: January 20, 2015, 06:39:53 AM »
Turbo Tax for the computer - do most people get the deluxe or premiere version?
Depends on how straightforward your taxes are.

Basic taxes, simple, employed, no deductions can use the Free version.

Deluxe is if you are itemizing (usually if you own a home you will be).

Premiere is if you invest and cash out stocks and/or own rental property.

Home&Business is if you own a small business.

https://turbotax.intuit.com/personal-taxes/compare.jsp

TaxCut (which is now called H&R Block) has similar versions:

Free: Simple
Basic: Support features not in Simple
Deluxe: Homeowners and investors
Premium: Self Employed and Rental Property owners

http://www.hrblock.com/online-tax-filing/help-me-choose.html

I use H&R Block because it includes in-person help if I need it (there are a few H&R Block offices nearby) and it's cheaper than TurboTax (99%er!).
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Offline irvinehusky

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Re: DIY Tax Software
« Reply #8 on: January 20, 2015, 08:44:54 AM »
I have been using TurboTax Deluxe and bought Deluxe again this year but I noticed this change for this year.  Fortunately, I didn't sell anything last year but need to keep this in mind.

http://www.forbes.com/sites/janetnovack/2015/01/09/irate-turbotax-users-can-get-free-upgrades-or-block-substitute/


What’s riling Olsen and other long-time users is this: the boxed software/download version of TurboTax Deluxe + State for 2014 lists for the same $69.99 as did the 2013 version (you can currently buy the 2014 version for $59.99 on the TurboTax site and $49.97 on Amazon). But you can no longer use Deluxe to electronically file a Schedule D , for capital gains and losses; Schedule C, for profit and loss from a sole proprietorship business; Schedule E, for rental real estate, royalties and distributions from partnerships; or Schedule F, for farm income. While you can report dividends and mutual fund capital gain distributions through Deluxe, investors who sold any stock or assets need to trade up to TurboTax Premier (list $99.99, selling for $89.99 through TurboTax’s site and $79.97 on Amazon) to E-file.

TurboTax Vice-President Bob Meighan confirmed that tax-savvy users of the Deluxe version can still complete full schedules C, D, E or F using TurboTax’s “forms” as opposed to its “interview” method. But unlike last year, they’ll be blocked from E-filing those forms or doing that final accuracy review, which is part of the service buyers have come to expect.

Dissatisfied customers do have options, however.  One is to call Intuit (at 800-445-1875, from 8 AM to 8 PM EST) and demand satisfaction. Meighan assured Forbes yesterday that every agent at that number “has discretion to do what’s necessary” to keep a customer— meaning, he said, they will give customers a free upgrade if they demand it, or a discounted one if that’s enough to keep them. (So, if you call,  threaten to jump ship and don’t settle for less than an upgrade.)


Gee, thanks, TurboTax.  I'll rethink TurboTax next year.

Offline irvinehomeowner

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Re: DIY Tax Software
« Reply #9 on: January 20, 2015, 09:07:37 AM »
@irvinehusky:

Yep, you have to go Premiere or H&B for the things you mention.

That's why I use H&R Premium, it cost less than TurboTax H&B.

Also, the download version at BestBuy.com is usually cheaper than the in-store version or even H&R's own site (been doing that for the last 2 years).
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Offline bones

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Re: DIY Tax Software
« Reply #10 on: January 20, 2015, 09:27:47 AM »
I have been using TurboTax Deluxe and bought Deluxe again this year but I noticed this change for this year.  Fortunately, I didn't sell anything last year but need to keep this in mind.

http://www.forbes.com/sites/janetnovack/2015/01/09/irate-turbotax-users-can-get-free-upgrades-or-block-substitute/


What’s riling Olsen and other long-time users is this: the boxed software/download version of TurboTax Deluxe + State for 2014 lists for the same $69.99 as did the 2013 version (you can currently buy the 2014 version for $59.99 on the TurboTax site and $49.97 on Amazon). But you can no longer use Deluxe to electronically file a Schedule D , for capital gains and losses; Schedule C, for profit and loss from a sole proprietorship business; Schedule E, for rental real estate, royalties and distributions from partnerships; or Schedule F, for farm income. While you can report dividends and mutual fund capital gain distributions through Deluxe, investors who sold any stock or assets need to trade up to TurboTax Premier (list $99.99, selling for $89.99 through TurboTax’s site and $79.97 on Amazon) to E-file.

TurboTax Vice-President Bob Meighan confirmed that tax-savvy users of the Deluxe version can still complete full schedules C, D, E or F using TurboTax’s “forms” as opposed to its “interview” method. But unlike last year, they’ll be blocked from E-filing those forms or doing that final accuracy review, which is part of the service buyers have come to expect.

Dissatisfied customers do have options, however.  One is to call Intuit (at 800-445-1875, from 8 AM to 8 PM EST) and demand satisfaction. Meighan assured Forbes yesterday that every agent at that number “has discretion to do what’s necessary” to keep a customer— meaning, he said, they will give customers a free upgrade if they demand it, or a discounted one if that’s enough to keep them. (So, if you call,  threaten to jump ship and don’t settle for less than an upgrade.)


Gee, thanks, TurboTax.  I'll rethink TurboTax next year.

That does suck.  But I'll prob just stay with Turbo Tax for continuity.  It's nice that TT can just pull up previous year's info and I don't have to repopulate stuff.

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Offline eyephone

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Re: DIY Tax Software
« Reply #11 on: January 20, 2015, 09:29:21 AM »
Good info husky. I might have to get the premium version.

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Offline irvinehusky

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Re: DIY Tax Software
« Reply #12 on: January 20, 2015, 09:40:07 AM »
Thank you.

I'll have to think hard about H&R Block, even if it's their software version.  Many, many years ago, when I used to bring my tax returns to H&R Block, I had an "incident" at one of their offices and I promised myself I'll never use H&R Block again.  I rarely (extremely rare for me) complain about services, but I had to contact their corporate office about it.  They did offer free services as an apology but I never went back.

It's not only H&R Block but when I used to bring my simple tax returns in-person (single and lazy), those people almost never asked me anything.  These guys are always touting that they'll find all your deductions but I always wondered how they can do that if they don't ask questions?  That's what I like about these DIY tax software in that they ask many, many questions and they don't give you the attitude.  :P


@irvinehusky:

Yep, you have to go Premiere or H&B for the things you mention.

That's why I use H&R Premium, it cost less than TurboTax H&B.

Also, the download version at BestBuy.com is usually cheaper than the in-store version or even H&R's own site (been doing that for the last 2 years).

Offline irvinehusky

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Re: DIY Tax Software
« Reply #13 on: January 20, 2015, 09:50:09 AM »
Fortunately, I haven't started my taxes yet and didn't open the box.  And, since I bought it at Costco, I should be able to return it and get Premium if needed.  I don't think I need it this year.

Deluxe, I believe, always made you do the carry over type things manually, just so that you would purchase Premium but I didn't feel like I needed to pay $20 extra just for that.

Good info husky. I might have to get the premium version.

Offline eyephone

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Re: DIY Tax Software
« Reply #14 on: January 20, 2015, 09:54:59 AM »
Is that factoring the $10 instant rebate at costco?

Fortunately, I haven't started my taxes yet and didn't open the box.  And, since I bought it at Costco, I should be able to return it and get Premium if needed.  I don't think I need it this year.

Deluxe, I believe, always made you do the carry over type things manually, just so that you would purchase Premium but I didn't feel like I needed to pay $20 extra just for that.

Good info husky. I might have to get the premium version.


 

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