Turbo Tax Vs. Tax Cut: A Head to Head Comparison
Intuit's TurboTax and H&R Block's TaxCut have been helping harried taxpayers get their 1040 forms right for several years now. These two tax preparation programs are so well-known and similar that very often consumers get confused over which program they used last year when shopping for the next year's update. The greater problem for the first time user lies in the similarity between the two software programs. Since both TaxCut and Turbo Tax offer so many more options than other less expensive tax software programs, which one offers the most bang for its premium price? That depends on the version you choose. Both TaxCut and Turbo Tax offer separate premium and business editions, and both programs contain similar features within those choices. For that reason, any comparison must be based on how well those features are designed to facilitate ease of use.
Very often when entering tax information you will realize you forgot something or need to make a correction. Finding the form you need to correct or enter new information into is very easy in both TaxCut and Turbo Tax, but you can't do anything until you've installed the program and here Turbo Tax has a slight edge. TaxCut takes a bit longer to fully install, but a novice should still have no problem. Turbo Tax also comes out on top as a result of one useful feature that is missing from TaxCut: The ability to compare this year's deductions with previous years. This is a useful feature for discovering overlooked deductions you took in the past.
Overall, both Turbo Tax and TaxCut are both excellent and easy-to-use tax preparation software programs, and you won't go wrong with either. Both come with every feature you could possibly want, including the ability to file your taxes electronically. Both come with online tax help from professionals as well as customer service provided by a real human being, should you run into a problem. And both also offer auditing assistance. The slight edge probably goes to Turbo Tax due to its slightly easier installation and ease of use for the first time user of tax preparation software. Indeed, the greatest legacy of TaxCut and Turbo Tax may very well wind up being that the kids of today will grow up without the dread and fear that their grandparents often felt as April 15 drew near.