With tax season just around the corner, I thought I’d go ahead and open a thread on the best tax prep software. As I’ve noted in the past, we’ve always used TurboTax, which is produced by Intuit. Turbo Tax is not, however, the only kid on the block. Moreover, they’ve recently been the subject of a good bit of internet controversy…
For those that aren’t aware, TurboTax changed their base price from $44.95 to $59.95 and they also instituted a $9.95 fee for each additional return that you prepare with it. On the brighter side, they decided to throw in one free e-filing this year, which helps to offset the price increase a bit. Nonetheless, citizens of the internet revolted and trashed their rating on Amazon. The end result was hundreds of 1-star ratings. Intuit finally relented and dropped the $9.95 fee for each additional return.
The best tax prep software
That brings us to the subject of the current post… There are three major players when it comes to tax prep software:
While all three offer both free (for simple returns) and paid versions, there are also a number of lesser known free options (again, for very simple returns) available through the IRS’ free file program.
Which tax prep software do you like best?
Assuming that you use tax prep software, what’s your favorite, and why? If you don’t use tax prep software, how do you prepare your taxes? By hand? Or do you enlist professional help?
Oh, and while we’re on the subject of financial software, Quicken fans should be sure to check out the Quicken 2009 discounts that I wrote about previously.