I am really amazed how quickly I can complete my Federal and State income tax reports. TurboTax eliminates a lot of the tedious stuff when inputting your information upon the second a third year of using it. It also helps in my understanding of the different types of deductions.
What's great about it: Fast and easy
What's not so great: Kind of expensive to purchase software
Pros: My job status changed this year (switched jobs, lost a job, got a raise or promotion)
I have used this product since 1992. I highly recommend this product. When you combine this with using Quicken, it makes the tax preparation process much more efficient.
What's great about it: Very easy to use with a good price.
The initial instructions need to be clearer as far as making the selection between "on line" and "desk top". Also TT pushes the Premier level which is a little misleading because the Deluxe worked fine for me even with the stock transactions. More detail on what is doable with Deluxe vs. Premier would be helpful.
When entering data for dividends TT should allow me to designate "type in data myself" at the start of the process and the option should then apply to the entire section without me having to re-answer the question.
It would streamline the process to allow me to skip the itemized deduction questions and choose the standard deduction option. Even though I own a home and pay re taxes, I have not had enough deductions to itemize for several years.
Overall, very pleased with the product and will be back next year.
What's great about it: Thorough and easily understood instructions
What's not so great: Getting on the right track initially a little confusing