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TurboTax vs H&R Block

Find out which tax preparation solution is right for you - TurboTax or H&R Block

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TurboTax vs H&R Block

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  1. What is the Best Tax Preparation Option? TurboTax vs H&R Block 2012 http://TurboTax-Free.net/

  2. Tax preparation software is a huge help, but it is not designed to take the place of tax experts. TurboTax by Intuit and H&R Block (TaxCut) are two of the top tax preparation software on the market. From start to finish, both applications guide you through preparing and filing basic and complex returns. TurboTax and H&R Block are excellent products, and the differences between them aren't significant enough to cause you to switch to the other if you’re currently using one. • Numerous tax scenarios are covered by TurboTax and H&R Block solutions, from W-2 without deductions to preparing home business returns. Most hand-written returns are bogged down by mistakes; both software get rid of these through automated computations. TurboTax and H&R Block ask you important questions regarding your financial activities and automatically input your responses in the proper forms.

  3. The refund calculator is an additional major feature. TurboTax and H&R Block enable you to take advantage of the tax privileges you are eligible for, without needing an accounting degree. TurboTax and H&R Block help give you the largest refund possible, and show a gross refund tally on every screen. Mistakes are flagged each time you make them, and you can save pages so you can return to them later. And when your program malfunctions or you need answers to urgent tax concerns, technical and tax help are within easy reach. The manuals included are helpful for simple concerns, but if you need professional tax guidance, you can access this for a fee. • TurboTax Free is currently the most expensive tax software around (starts at $29.95). TurboTax charges more for state filing, while H&R charges $20 additional for DeductionPro (a feature bundled with TurboTax). There is a free online version of TurboTax, however, and the company promises a 100 % refund should you get a greater tax refund from its rivals. By comparison, H&R Block offers a 60-day money back guarantee if you are dissatisfied with the product.

  4. TurboTax is the king of upselling. It doesn't pass up any chance to make you spend more on features that you already have with your version, for example selling Audit Defense for $39.95 when your risk is very very low. H&R Block is not as pushy, but your experience is much less efficient. It takes longer to determine if your returns were filed and approved, and your free support time is constrained. H&R Block’s import partners are limited as well. Major financial institutions like Fidelity Investments and TD Ameritrade are not supported. • Despite the high cost, TurboTax remains the top tax application on the market. And you can use the online edition for filing basic tax returns at no cost. It doesn’t make sense financially to switch to TurboTax, however, if you already use H&R Block. Both programs are effective and save you time. But they don’t promise a painless tax season. Neither TurboTax nor H&R Block addresses all the one of a kind and complicated tax issues that always appears. When in doubt, refer to a tax professional.

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