I've used TurboTax for a number of years, and every year they change it (supposedly to improve it#. This year, I upgraded to the Home and Business version. Generally no problems, but it's become harder to figure out what might be missed, or whether information was actually retained #since often the list screens won't show the info you added if it won't apply to this current return...i.e. disallowed like tuition costs), and in the case of an error, it told me about the error but didn't give me a way to get to that error...just told me to go fix it. Only problem there is the 'too simplified' interface that insists on walking you through every time, and you hunt around trying to find the screen that happened to contain the problem.
So I've taken TurboTax down from 5 to 3 stars because of the interface/navigation. If you make no errors, fine for you, but if you want to find something....my sympathies.
What's great about it: seems to cover everything
What's not so great: when it sees an error, it doesn't take me to it
This program is the best for completing your taxes easily and accurately. I had many special circumstances on my taxes this year and I breezed through the process with no problems. There were very few places where I had questions about what to enter but I quickly found my answers and proceeded without any fears of mistakes or audits.
What's great about it: Easy, step-by-step process
What's not so great: Added costs for state returns
Pros: My job status changed this year (switched jobs, lost a job, got a raise or promotion), I moved, I bought or sold investments
For homes that are converted from primary residence to rental a loss is not permitted in the first year of rental. Turbo Tax adjusted my depreciation down but did not explain why it was not the amount first calculated. There should be a window that comes up to explain why you appear to not be getting full depreciation.
Other than that the whole process is easy as long as you have all of your data already organized.
What's great about it: Step by step so you won't miss any deduction.
What's not so great: For homes that are converted from primary residenct to rental the process is not clear.