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.
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.
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