2007 Taxes

It’s tax time again. This is just a friendly review of some of the online tax prep service I’ve used in the past.

• TaxACT – By far the cheapest (state and federal for only $15.95). However, I didn’t think their wizard was as nice as the competition, and I think I ended up getting a larger refund with TurboTax last year. I still think it’s a decent service for the price, but I’d recommend entering your data in another service for comparison.
• TurboTax – I liked this service’s user interface better than the rest, and our refund ended up being slightly higher compared to others last year (probably due to a better understanding of the user interface). They are a little more expensive (I think it was about $40 with state). If you’re price shopping, realize that state filing is not included in their prices.
• H&R Block – About the same price as TurboTax. Their interface wasn’t bad, but I felt more comfortable with TurboTax. I did use them in 2004 because they helped me file a 1099-MISC form because I was confused on how to file it using the other services.

In the end, it might pay to enter your data into more than one service and see which one you are most comfortable with. You don’t have to pay until you actually submit, and they calculate your refund real-time as you enter data.

February 10th, 2007  Online Services - General   Tags: 2007, irs, money, taxes, more...

TaxAct.com

It’s time to file income taxes again. I thought I would just pop in and make you aware of TaxAct.com, a service that allows you to submit your taxes online like TurboTax and H&R Block. I’ve tried all three services online, but this year I’ll probably choose TaxAct again because it was quite a bit cheaper that the others – only $15.95 to file federal AND state. The wizard didn’t seem quite as polished as TaxCut or TurboTax, however, I was able to get through it without much trouble.

So how do you file your taxes?

January 14th, 2006  Online Services - General   Tags: money, Online Services - General, taxes, more...