Very easy to do. it walks you through with explanations and tells you what you can claim in your situation and what forms should be used . and it does it all for you , you just input the info. highly recommend because paying someone to do it is a waste of your money because they will do the same thing that you can and will charge you more. EASY!!!
It was impossible to find the Turbo Tax menu after i was prompted to do so when it said" validation failed needs update" while trying to e-file my returns. I had to print my returns so that I can mail them. I think I deserve a refund due to you are supposed to be able to e-file your Federal returns for free. Very disappointed.
since I am reducing my salary, but my investment income will be much higher in 2014, I want to review and revised my estimated payments for 2014. I cannot find it after several trials. I gave up, so I finally revised my estimated total income of 2014 upward by $ 200,000. hopefully the new calculation will be accurate. I can find my state estimate tax payments easily after 3 searches.
Getting error message 5640 when about to file the return was very distressing. Because it won't/can't upload the updates, you can't open the return to file it.
Overall excellent experience for the federal return. The only thing that I could not find was a way to jump into the guided return at specific points. When I cam back to fill in some information, the guided tour did not display some of the questions.
The Ohio state return does not have the small business tax credit form, or any instructions about how to complete the form. Also, the unallowed accelerated depreciation was not well explained and unclear where to enter current year unallowed accelerated depreciation. It did not apear to be in the guided tour, so i had to find out where to enter in directly into the IT 1040 Form. Still not 100% sure that I got it right.
I like turbo tax. I have used it every year for over 10 years and would recommend it.
However, last year I found a glitch that surprised me and is still not corrected. If you take money out of college savings for college but are too high wage earning, you wind up paying taxes on a portion of the money because turbo tax doesn't take into account that the $10,000 "credit" for college is disallowed. Yes, this is complicated but they should get it right and fix it. It makes me concerned that there are other hidden issues. Turbotax, take note.