Software // Enterprise Applications
09:09 AM
Core System Testing: How to Achieve Success
Oct 06, 2016
Property and Casualty Insurers have been investing in modernizing their core systems to provide fl ...Read More>>

TaxCut Vs. TurboTax: Which Tax Program Is Better?

TaxCut and TurboTax crunched out the exact same tax refunds when supplied with identical information. Which one to choose depends largely on the way each one handles interactive help.

It's time to collect all your receipts, checks, and W-2s again. If you haven't already tried one of the do-it-yourself tax preparation packages, maybe this is the year you decide to take the leap. (You may even be eligible to file online, for free.)

In years past, you had to visit the local store, or at least order your CD copy of software online, and install it on your own computer. But the growing trend of SaaS (software as a service) has taken hold of the tax prep industry. As we found out, it's just as (or maybe even more) convenient to simply create an account online and start filling in the blanks.

Starting the TaxCut interview process is clear and offers help along the way.
(click for image gallery)

We hooked up with both H&R Block's TaxCut and Intuit's TurboTax to see what differences these industry-leading applications might have in store, and if the online experience held up to the traditional installed software expectation.

Our "normal" family consisted of Wanda Refund, head of household, Mac A. Refund, her husband, and their two year old son, Justin Refund. Mom and Dad both work outside the home, have no other income, just started their retirement investments this year, and pay for child care while they are at work.

The bottom line is that both TaxCut and TurboTax crunched out the exact same refunds when supplied with identical information. Along the way, there were some differences worth noting, and some that might make a difference depending on your familiarity with the tax preparation process. But in the end, we were able to file both Federal and state tax returns. The Federal return can be filed electronically, while sending state returns electronically varies on a state by state basis.

1 of 5
Comment  | 
Print  | 
More Insights
Newest First  |  Oldest First  |  Threaded View
User Rank: Apprentice
12/21/2013 | 12:45:12 AM
Benefits of Turbo tax.
Turbotax is and will always be the best option for filing taxes. the most important thaing of which it is so much popular is its deductions and discounts, each yesr it provides many coupons like the turbo tax deluxe coupon and discounts to ease up its users.
Building A Mobile Business Mindset
Building A Mobile Business Mindset
Among 688 respondents, 46% have deployed mobile apps, with an additional 24% planning to in the next year. Soon all apps will look like mobile apps and it's past time for those with no plans to get cracking.
Register for InformationWeek Newsletters
White Papers
Current Issue
Top IT Trends to Watch in Financial Services
IT pros at banks, investment houses, insurance companies, and other financial services organizations are focused on a range of issues, from peer-to-peer lending to cybersecurity to performance, agility, and compliance. It all matters.
Twitter Feed
InformationWeek Radio
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.