Good rundown and explanation of income, credit, deduction, and itemization sections in helping lowering tax liability. Ease of use in preparing and storing multiple returns. Good customer support when stuck.
Pros: My job status changed this year (switched jobs, lost a job, got a raise or promotion)
I've used Turbo-tax for several years. It makes the whole process much easier to understand, less stressful and substantially easier to cope with overall.
I have been using Turbo Tax since it came out. I have compared my returns with many other online tax return sites and I always come back to Turbo Tax. I will keep using. It is so easy, jusy one, two, three and you are done.
Excellent software and much easier and quicker than paying a tax professional when you don't have much that the government wants to suck their "share" from.
All the deductions are laid out and highly organized. It can't get much simpler. Years of tax experience and highly integrated with many financial institutions means a high quality software you can depend on. And I do. Will use next year as well if FairTax doesn't get enacted.
Pros: My job status changed this year (switched jobs, lost a job, got a raise or promotion)
Overall, I like the use of Turbo Tax and will use again next year. Only glitch this year was in completing my daughter's taxes. She is self employed with an LLC company.Her partnership loss was over $5,000. Her adjusted gross income (AGI) was a loss of over $2,000. Her taxable income was $0.
And yet, on the 1st draft that I ran, it showed that she owed a tax of over $700. I was completely flabbergasted that she owed any tax at all.. There was no "red flag" from TT.
Through my own efforts, I discovered that the tax amount due was the Self Employment tax. However, because I answered the question about using (or not using) the Nonfarm Optional Method to calculate self employment tax, incorrectly, this huge self employment tax was due. By answering "No" to that question, the tax went to $0. I believe the Nonfarm Optional Method is very confusing and there should be a default to "no" when posing this question.