Is it worth it to jump on the TurboTax bandwagon?

Questions on how we spend our money and our time - consumer goods and services, home and vehicle, leisure and recreational activities
Post Reply
Topic Author
knightrider
Posts: 899
Joined: Fri Jun 06, 2014 11:20 am

Is it worth it to jump on the TurboTax bandwagon?

Post by knightrider »

I've been using 1040.com for 10+ years. It works ok, but often I find missing forms and fields and have to open a support ticket for them to add them in. Most times they add them in, but sometimes I get a clueless support person who doesn't get what I am asking.. So I am wondering if I should just switch to Turbo Tax, the defacto standard.

My tax return can be fairly complex, sometimes 100+ pages.. Will it be a long painful process to learn TurboTax? Or should I just stick with 1040.com ? I don't like answering questions to do the tax returns. I do everything by just the forms.
daheld
Posts: 1008
Joined: Wed Sep 13, 2017 8:14 am
Location: Midwest US

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by daheld »

I personally think TurboTax is by far the most instructive, intuitive program I've used, and I've used a few. People around here always want to complain about the cost, but it is a one time per year cost, and not that expensive.
JBTX
Posts: 7330
Joined: Wed Jul 26, 2017 12:46 pm

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by JBTX »

knightrider wrote: Tue Jan 28, 2020 10:35 am I've been using 1040.com for 10+ years. It works ok, but often I find missing forms and fields and have to open a support ticket for them to add them in. Most times they add them in, but sometimes I get a clueless support person who doesn't get what I am asking.. So I am wondering if I should just switch to Turbo Tax, the defacto standard.

My tax return can be fairly complex, sometimes 100+ pages.. Will it be a long painful process to learn TurboTax? Or should I just stick with 1040.com ? I don't like answering questions to do the tax returns. I do everything by just the forms.
Turbo tax works by doing an overall "interview" with sequential questions, or you choose the specific area and go straight to those sequential questions. If your preference is to just manually fill out forms then turbotax isn't for you (although you may be able to do that in turbotax)
BogleMelon
Posts: 2529
Joined: Mon Feb 01, 2016 11:49 am

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by BogleMelon »

Yes it worth it. Go for it. $40/year or so is only $3.33/mo for peace of mind.
"One of the funny things about stock market, every time one is buying another is selling, and both think they are astute" - William Feather
flyphotoguy
Posts: 98
Joined: Thu May 02, 2019 1:57 pm

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by flyphotoguy »

I will probably shift to TurboTax this year. I've been using H&R Block software for years but I might shift to Turbo Tax because last year I had to wait for some forms to show up or get corrected in H&R Block and there were some weird stuff that was going on software wise. Hopefully TurboTax have better updates/forms and makes it easier than H&R Block.
sycamore
Posts: 1545
Joined: Tue May 08, 2018 12:06 pm

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by sycamore »

Long-time TT user here. I've gotten used to the interview mode; I don't recall it being difficult to learn. Switching from the interview mode to forms view is helpful if you want to drill down into form-level details though sometimes the UX/user experience seems a bit clunky to me. It's worth the $30 (on sale) once per year.
elvisimprsntr
Posts: 133
Joined: Wed Jan 08, 2020 7:24 pm

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by elvisimprsntr »

+1

Been using TurboTax since 1987 (formally MacInTax).

Now I get it free from Fidelity. What’s not to like?
Last edited by elvisimprsntr on Tue Jan 28, 2020 8:14 pm, edited 1 time in total.
engineerartist
Posts: 48
Joined: Tue Dec 02, 2014 1:55 pm
Contact:

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by engineerartist »

I used MacInTax starting in 1988 and have used TurboTax every year starting in 2000 (when they acquired MacInTax). It seems to get better each year and like daheld I find the annual cost trivial - especially compared to most tax services.
Retired - dividend growth investor
02nz
Posts: 6095
Joined: Wed Feb 21, 2018 3:17 pm

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by 02nz »

Have used either online or desktop TurboTax every year for around 15 years, no real complaints except for one. They try to deceive you into thinking you need higher-priced versions like Premier for rental income or investments, when cheaper ones like Deluxe do just fine. Don't be suckered into that like I was for many years.

Best time to buy is between Dec and Feb. Right upon release in November is more expensive (and many updates are required anyway before the software becomes usable), and as the tax deadline approaches in April prices tend to go up.
02nz
Posts: 6095
Joined: Wed Feb 21, 2018 3:17 pm

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by 02nz »

sycamore wrote: Tue Jan 28, 2020 11:18 am Long-time TT user here. I've gotten used to the interview mode; I don't recall it being difficult to learn. Switching from the interview mode to forms view is helpful if you want to drill down into form-level details though sometimes the UX/user experience seems a bit clunky to me. It's worth the $30 (on sale) once per year.
I've learned a lot ]about my taxes and the tax code by switching between the questions and the forms, to see how my inputs change the numbers (or don't). This takes some effort and isn't required to produce a correct return but is incredibly valuable for tax planning.
quantAndHold
Posts: 5174
Joined: Thu Sep 17, 2015 10:39 pm

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by quantAndHold »

I don’t love TurboTax. It’s tax software, so I doubt anyone loves it. And they like to charge a low, low base price, then you find out that you need to spend more to upgrade something. But if you have a 100+ page return, TT will probably get it done with the least fuss. You need to pay attention to which version you buy. With a 100+ page return, you probably need one of the more expensive versions.
Yes, I’m really that pedantic.
Luke Duke
Posts: 1089
Joined: Tue Jun 18, 2013 11:44 am
Location: Texas

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by Luke Duke »

02nz wrote: Tue Jan 28, 2020 11:25 am Have used either online or desktop TurboTax every year for around 15 years, no real complaints except for one. They try to deceive you into thinking you need higher-priced versions like Premier for rental income or investments, when cheaper ones like Deluxe do just fine. Don't be suckered into that like I was for many years.
This. You also can't downgrade if you initially select a higher version than you need. If you are unsure about which version you need, select the cheaper one and upgrade when/if you find it necessary.
02nz
Posts: 6095
Joined: Wed Feb 21, 2018 3:17 pm

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by 02nz »

quantAndHold wrote: Tue Jan 28, 2020 11:27 am I don’t love TurboTax. It’s tax software, so I doubt anyone loves it. And they like to charge a low, low base price, then you find out that you need to spend more to upgrade something. But if you have a 100+ page return, TT will probably get it done with the least fuss. You need to pay attention to which version you buy. With a 100+ page return, you probably need one of the more expensive versions.
But in most cases you don't "need" to upgrade, they just want you to think you do. I (and many others here) have paid more for Premier; this year I switched to Deluxe and don't notice any differences or reduced functionality on investments and rental income, which are the main areas where TurboTax really pushes you to upgrade to Premier. Maybe there are some edge cases where Premier gives you more hand-holding, but I went through all the questions for these, and can't tell any difference.
Topic Author
knightrider
Posts: 899
Joined: Fri Jun 06, 2014 11:20 am

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by knightrider »

quantAndHold wrote: Tue Jan 28, 2020 11:27 am With a 100+ page return, you probably need one of the more expensive versions.
Can anyone confirm if I can skip all the Questions and go directly to filling out the forms? And if I can, will the basic version have all the forms? Or do I need premium for that?
BuckyBadger
Posts: 1180
Joined: Tue Nov 01, 2011 11:28 am

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by BuckyBadger »

knightrider wrote: Tue Jan 28, 2020 2:21 pm
quantAndHold wrote: Tue Jan 28, 2020 11:27 am With a 100+ page return, you probably need one of the more expensive versions.
Can anyone confirm if I can skip all the Questions and go directly to filling out the forms? And if I can, will the basic version have all the forms? Or do I need premium for that?
You may not prefer the questions, but could you just try to survive them? It's really quite a painless process.

There are ways to get to the forms directly, but if you can just allow it to ask you the questions you'll be done quickly and then can review all the forms. I don't know if there's an easy way to go from form to form without going back out to the main interface.

Perhaps you could try the questions once and see how much you dislike it.

If answering questions is a deal breaker i wouldn't recommend TurboTax.
Texanbybirth
Posts: 1402
Joined: Tue Apr 14, 2015 12:07 pm

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by Texanbybirth »

If you really just want the forms, and are resistant to an interview style, then just use https://www.freefilefillableforms.com/#/fd

I'm a CPA, and I use TurboTax every year.
“The strong cannot be brave. Only the weak can be brave; and yet again, in practice, only those who can be brave can be trusted, in time of doubt, to be strong.“ - GK Chesterton
User avatar
WarAdmiral
Posts: 207
Joined: Mon Jan 20, 2020 7:09 pm
Location: Boston

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by WarAdmiral »

Long time TurboTax user. One of the best features of TurboTax is it's ability to automatically pull-in all your data from various financial institutions. Makes my life so much easier.

Do other Tax Prep Software offer this feature ?
Last edited by WarAdmiral on Tue Jan 28, 2020 9:03 pm, edited 1 time in total.
Topic Author
knightrider
Posts: 899
Joined: Fri Jun 06, 2014 11:20 am

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by knightrider »

BuckyBadger wrote: Tue Jan 28, 2020 2:34 pm
You may not prefer the questions, but could you just try to survive them? It's really quite a painless process.
Does one have to answer the same questions every year?
User avatar
abuss368
Posts: 23047
Joined: Mon Aug 03, 2009 2:33 pm
Location: Where the water is warm, the drinks are cold, and I don't know the names of the players!
Contact:

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by abuss368 »

Try Free Tax USA. Worked very well. Federal is free and you only pay for states.
John C. Bogle: “Simplicity is the master key to financial success."
stan1
Posts: 9551
Joined: Mon Oct 08, 2007 4:35 pm

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by stan1 »

knightrider wrote: Tue Jan 28, 2020 2:21 pm
quantAndHold wrote: Tue Jan 28, 2020 11:27 am With a 100+ page return, you probably need one of the more expensive versions.
Can anyone confirm if I can skip all the Questions and go directly to filling out the forms? And if I can, will the basic version have all the forms? Or do I need premium for that?
Most of the time you wouldn't go to IRS forms, you would go to TurboTax worksheets that in turn feed forms.

There are some things (like IRA contributions, RMDs, Roth Conversions where it is definitely BEST to use the interview as multiple forms need to be properly synced up.

I've found that it is very easy to move back and forth between forms, worksheets, and questions. There have been several times over the years where I have had to spend a lot of time finding the right box to check on a worksheet somewhere to get the right calculation. There are advanced or rare situations where the interview is not sufficient and the default behavior is not correct for your situation. I don't blame the software I blame the tax code but usually by spending the time with it I am incentivized to save money.
BuckyBadger
Posts: 1180
Joined: Tue Nov 01, 2011 11:28 am

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by BuckyBadger »

knightrider wrote: Tue Jan 28, 2020 3:15 pm
BuckyBadger wrote: Tue Jan 28, 2020 2:34 pm
You may not prefer the questions, but could you just try to survive them? It's really quite a painless process.
Does one have to answer the same questions every year?
Some of them, but not all. After you've done it once they will ask things like, "has this status changed some last year," or "is there anything in this list that applies to you this year."

It's painless, really.
chw
Posts: 921
Joined: Thu May 24, 2012 4:22 pm

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by chw »

Been using TT for 12-15 years, after using H&R Block for 10 yrs or so. TT seems to be a better product for me, and have come to learn it’s uance over time. It has handled several complex situations for me over the years, and their phone support is generally good (I believe phone support is only available with Premier).

Others here will try and convince to use cheaper or inferior products. They may work for folks with a less complex return. IMO, TT saves me time in the prep process, which is worth the cost of the software.
BuckyBadger
Posts: 1180
Joined: Tue Nov 01, 2011 11:28 am

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by BuckyBadger »

stan1 wrote: Tue Jan 28, 2020 4:16 pm
knightrider wrote: Tue Jan 28, 2020 2:21 pm
quantAndHold wrote: Tue Jan 28, 2020 11:27 am With a 100+ page return, you probably need one of the more expensive versions.
Can anyone confirm if I can skip all the Questions and go directly to filling out the forms? And if I can, will the basic version have all the forms? Or do I need premium for that?
Most of the time you wouldn't go to IRS forms, you would go to TurboTax worksheets that in turn feed forms.

There are some things (like IRA contributions, RMDs, Roth Conversions where it is definitely BEST to use the interview as multiple forms need to be properly synced up.

I've found that it is very easy to move back and forth between forms, worksheets, and questions. There have been several times over the years where I have had to spend a lot of time finding the right box to check on a worksheet somewhere to get the right calculation. There are advanced or rare situations where the interview is not sufficient and the default behavior is not correct for your situation. I don't blame the software I blame the tax code but usually by spending the time with it I am incentivized to save money.
I feel similarly. The only thing i do that's the slightest bit tricky is a backdoor Roth. And i just know that at one point i click a box that makes my tax shoot up, then like two questions later i click a box that fixes it. It's easy because i know what it's supposed to be doing.
quantAndHold
Posts: 5174
Joined: Thu Sep 17, 2015 10:39 pm

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by quantAndHold »

02nz wrote: Tue Jan 28, 2020 11:35 am
quantAndHold wrote: Tue Jan 28, 2020 11:27 am I don’t love TurboTax. It’s tax software, so I doubt anyone loves it. And they like to charge a low, low base price, then you find out that you need to spend more to upgrade something. But if you have a 100+ page return, TT will probably get it done with the least fuss. You need to pay attention to which version you buy. With a 100+ page return, you probably need one of the more expensive versions.
But in most cases you don't "need" to upgrade, they just want you to think you do. I (and many others here) have paid more for Premier; this year I switched to Deluxe and don't notice any differences or reduced functionality on investments and rental income, which are the main areas where TurboTax really pushes you to upgrade to Premier. Maybe there are some edge cases where Premier gives you more hand-holding, but I went through all the questions for these, and can't tell any difference.
So you can download 1099-B’s and have 20+ pages of stock sales auto populate a Schedule D in Deluxe?
Yes, I’m really that pedantic.
michaelingp
Posts: 420
Joined: Tue Jan 17, 2017 8:46 pm

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by michaelingp »

knightrider wrote: Tue Jan 28, 2020 2:21 pm
Can anyone confirm if I can skip all the Questions and go directly to filling out the forms? And if I can, will the basic version have all the forms? Or do I need premium for that?
As others mentioned, I don't think you'll be happy doing this. Almost all the actual IRS forms aren't filled in directly. If you click on a field on an IRS form, it will show you which worksheet (another field) the value came from. That field may itself have come from another field. I believe you can override the linking of fields, but TurboTax won't be happy, and it will complain and say you have errors.
02nz
Posts: 6095
Joined: Wed Feb 21, 2018 3:17 pm

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by 02nz »

quantAndHold wrote: Tue Jan 28, 2020 4:59 pm
02nz wrote: Tue Jan 28, 2020 11:35 am
quantAndHold wrote: Tue Jan 28, 2020 11:27 am I don’t love TurboTax. It’s tax software, so I doubt anyone loves it. And they like to charge a low, low base price, then you find out that you need to spend more to upgrade something. But if you have a 100+ page return, TT will probably get it done with the least fuss. You need to pay attention to which version you buy. With a 100+ page return, you probably need one of the more expensive versions.
But in most cases you don't "need" to upgrade, they just want you to think you do. I (and many others here) have paid more for Premier; this year I switched to Deluxe and don't notice any differences or reduced functionality on investments and rental income, which are the main areas where TurboTax really pushes you to upgrade to Premier. Maybe there are some edge cases where Premier gives you more hand-holding, but I went through all the questions for these, and can't tell any difference.
So you can download 1099-B’s and have 20+ pages of stock sales auto populate a Schedule D in Deluxe?
That may be one of the "edge cases" I mentioned. Even with three different brokerages, entering the 1099-B's takes me at most 10 minutes, but I don't have any non-covered securities.
LookinAround
Posts: 260
Joined: Tue Mar 27, 2018 5:41 am
Location: Chicagoland

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by LookinAround »

quantAndHold wrote: Tue Jan 28, 2020 4:59 pm So you can download 1099-B’s and have 20+ pages of stock sales auto populate a Schedule D in Deluxe?
Yes. I've been using Deluxe for 10+ years. It imports from 100's / all the major investment firms. It will auto populate 1099-INT and -DIVs, 1009-Bs, Schedule D, Form 8949. It also populates my 1099-R

I think Premiere might be useful for rental property but otherwise Deluxe is just fine.
User avatar
tadamsmar
Posts: 9164
Joined: Mon May 07, 2007 12:33 pm

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by tadamsmar »

knightrider wrote: Tue Jan 28, 2020 10:35 am
My tax return can be fairly complex, sometimes 100+ pages.. Will it be a long painful process to learn TurboTax? Or should I just stick with 1040.com ? I don't like answering questions to do the tax returns. I do everything by just the forms.
I looked up 1040.com. It says: "Just sign in and start. We’ll ask all the questions—all you have to do is answer. Reporting tax info has never been this easy."

Looks like you are already answering questions! Right?

Anyway. 1040.com sounds similar to TurboTax.

In TurboTax, you can always look at the forms and see the form/worksheet level view. I think you can sometimes fill in the form, but you usually don't want to override a field that comes from a worksheet. You can go to the worksheet and find where your data is filled in.

I use to use TurboTax, but I use HRBlock these days.

I try to avoid directly filling in the forms, myself.
criticalmass
Posts: 1736
Joined: Wed Feb 12, 2014 10:58 pm

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by criticalmass »

knightrider wrote: Tue Jan 28, 2020 10:35 am I've been using 1040.com for 10+ years. It works ok, but often I find missing forms and fields and have to open a support ticket for them to add them in. Most times they add them in, but sometimes I get a clueless support person who doesn't get what I am asking.. So I am wondering if I should just switch to Turbo Tax, the defacto standard.

My tax return can be fairly complex, sometimes 100+ pages.. Will it be a long painful process to learn TurboTax? Or should I just stick with 1040.com ? I don't like answering questions to do the tax returns. I do everything by just the forms.
I'm not sure where TurboTax, the defacto standard is coming from. Many former TurboTax customers bailed out when they raised prices and quietly deleted features to entice customers to spend more money on premium versions. I've between using H&R and have found it can do basic things that TurboTax never could do at similar levels.

I've waiting for the day when we don't need any of these third party lobbyist/software packages. That day may now be closer since IRS recently called out deceptive practices by Intuit/TurboTax and removed their voluntary non compete above a certain income level for IRS direct filling options. No doubt Intuit lobbyists are now working overtime to keep their gravy train rolling.
JBTX
Posts: 7330
Joined: Wed Jul 26, 2017 12:46 pm

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by JBTX »

knightrider wrote: Tue Jan 28, 2020 3:15 pm
BuckyBadger wrote: Tue Jan 28, 2020 2:34 pm
You may not prefer the questions, but could you just try to survive them? It's really quite a painless process.
Does one have to answer the same questions every year?
There are 2 modes: an interview mode, for the novice or first timer, and a mode which let's you pick and choose which area you want to work, such that you don't waste time answering questions for areas that aren't applicable to you. Within those subtopics you will have answer a few questions but they are generally relevant. TT typically picks the most common answer.

It also carries over information from the prior year, such as personal, dependents, how much you owed and paid prior year etc. TT tends to get easier every year you use it.

It is absolutely not filling out forms Directly, which is by design. You can go into forms and plug numbers but I wouldn't recommend it. It would be like typing over formulas in an excel spreadsheet.
User avatar
OAG
Posts: 1196
Joined: Sat Mar 03, 2007 11:54 am
Location: Currently Central Ohio, USA

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by OAG »

abuss368 wrote: Tue Jan 28, 2020 3:58 pm Try Free Tax USA. Worked very well. Federal is free and you only pay for states.
+1 I have used FreeTAXUSA for 4 years now. Return filed and final return can be printed as a PDF file so no hard copy necessary. Has worked well for me. In my case (OH) the state site has a free return for that too. I pay enough taxes why pay more to tell the IRS what I did.
OAG=Old Army Guy. Retired CW4 USA (US Army) in 1979 21 years of service @ 38.
User avatar
abuss368
Posts: 23047
Joined: Mon Aug 03, 2009 2:33 pm
Location: Where the water is warm, the drinks are cold, and I don't know the names of the players!
Contact:

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by abuss368 »

OAG wrote: Tue Jan 28, 2020 8:49 pm
abuss368 wrote: Tue Jan 28, 2020 3:58 pm Try Free Tax USA. Worked very well. Federal is free and you only pay for states.
+1 I have used FreeTAXUSA for 4 years now. Return filed and final return can be printed as a PDF file so no hard copy necessary. Has worked well for me. In my case (OH) the state site has a free return for that too. I pay enough taxes why pay more to tell the IRS what I did.
Good feedback. Our state has a direct website where we log in and file. So does local. Thus no filing costs incurred.
John C. Bogle: “Simplicity is the master key to financial success."
BogleMelon
Posts: 2529
Joined: Mon Feb 01, 2016 11:49 am

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by BogleMelon »

BuckyBadger wrote: Tue Jan 28, 2020 2:34 pm
knightrider wrote: Tue Jan 28, 2020 2:21 pm
quantAndHold wrote: Tue Jan 28, 2020 11:27 am With a 100+ page return, you probably need one of the more expensive versions.
Can anyone confirm if I can skip all the Questions and go directly to filling out the forms? And if I can, will the basic version have all the forms? Or do I need premium for that?
You may not prefer the questions, but could you just try to survive them? It's really quite a painless process.

There are ways to get to the forms directly, but if you can just allow it to ask you the questions you'll be done quickly and then can review all the forms. I don't know if there's an easy way to go from form to form without going back out to the main interface.

Perhaps you could try the questions once and see how much you dislike it.

If answering questions is a deal breaker i wouldn't recommend TurboTax.
Actually you can choose that little icon "Forms" on the top right of TT desktop version, it will take you straight away to all the forms where you can review them form by form, line by line.
"One of the funny things about stock market, every time one is buying another is selling, and both think they are astute" - William Feather
User avatar
jabberwockOG
Posts: 2363
Joined: Thu May 28, 2015 7:23 am

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by jabberwockOG »

If you use Fidelity for investment accounts, check your portfolio "home" page for a link to free TurboTax Premier for Federal and State. I think there may be some minimum account $ value required for this option to be available in an account, not sure what it is.

I have used TT for my taxes for at least 20 years. Works great and is fast and easy to use.
campy2010
Posts: 1023
Joined: Sun Nov 28, 2010 5:01 pm

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by campy2010 »

Psyayeayeduck wrote: Tue Jan 28, 2020 2:53 pm I'm going to buck the pro-TurboTax commentary and say no because 1) there are much cheaper alternatives like taxfreeusa.com and 2) TT, which is owned by Intuit, have been lobbying Congress to stop Americans to from filing their taxes for free for 20 years or so (https://www.propublica.org/article/insi ... s-for-free).

I don't reward businesses with scummy lobbying practices.
This. I refuse to buy anything from Intuit.
nydoc
Posts: 177
Joined: Mon Jul 22, 2019 5:57 pm

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by nydoc »

After using H&R for last three years, I switched to Turbotax this year. Definitely better.
BogleMelon
Posts: 2529
Joined: Mon Feb 01, 2016 11:49 am

Re: Is it worth it to jump on the TurboTax bandwagon?

Post by BogleMelon »

Freetaxusa is cheaper by $17 (if you bought TT on the annual sale by end of December).
However, there are some key differences here:
1- With TT you can see Form 1040 and other forms once you fill in your tax questionnaires (W2, 1099-INT..etc).
2- You can also go from one specific number in the form 1040 to its worksheet by a single click, to see where the calculation is coming from.
3- With TT you can import your W2 (for some employers), most of 1099-INT and most of the 1099-DIV...etc forms. Not the case with Freetaxusa.
4- You can use TT desktop for scenarios and various tax situations by simply copying the data file and rename it. Of course you can't do that with Freetaxusa.
5- To be fair, only one caveat, you would have to mail in the state forms with TT. Freetaxusa, on the other hand, file it electronically at no additional cost. If you live in a state where you can e-file for free, you can still use TT state forms to fill your state website section and e-file.

Again, the cost difference is $17/yr, $1.42/mo or less than $0.05/day!

I am staying with Turbotax personally.
"One of the funny things about stock market, every time one is buying another is selling, and both think they are astute" - William Feather
Post Reply