The TaxCut online service works well for those with at least some knowledge of the tax-filing process, and it charges a modest $40 for electronically filing one federal and one state return. But it doesn't include enough detailed questions to ensure that people with special situations--tax-exempt bonds or rental property, for example--wouldn't overlook areas they should be answering.
H&R Block TaxCut Premium Online
Pros
Good price; logical, customizable interview.
Can import 2005 TurboTax returns.
Cons
Interview can be confusing.
Help Center sometimes buries key info.
TaxCut Online Premium
TaxCut Premium Online Review, by Vanessa Richardson February 22, 2007
The interview process was comprehensive and logical. A customized questionnaire asking about our Life Changes let us tailor our overall Q&A format by selecting only areas that applied to our tax situation--a good time-saver. And TaxCut can import your 2005 TurboTax file, should you be contemplating a switch.
But in some instances, TaxCut stumbled. In the section for claiming dependents, when we said our college-aged son lived away from home for nine months, TaxCut asked whether we shared custody or, if not, who was the custodial parent--and this was after we had already stated we were married, filing jointly. Why not just a simple question asking, "Is your kid in college?"
The process got worse for claiming a live-in parent. After a brief interview, TaxCut said we could claim Mom as a dependent because we provided more than half of her support, but it never addressed the requirement that she also had to have less than $3300 in total income.
We consulted the Help Center to see if it warned of this requirement. It stated that an adult must pass five qualifying tests to be claimed as a dependent, but didn't say what the tests were. How would novices with no idea of qualifying tests know where to look? We had to click Help Center, then Personal Info, and finally Dependents to find the all-important question, "What is the maximum income that a dependant can make and still be claimed as a dependent?" That information should be on the main screen.
Still, TaxCut has a nice design, a quick interface and a fair price ($40 for a federal and one state return), making it a solid choice for middle-of-the-road filers.
Vanessa Richardson
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Reviewed by: emclouth
Strengths: Cost, Ease of Use, Printing of return summary
Weaknesses: Lack of local forms
Overall: I have used TaxCut for several years. It is very convenient to use and recently contains both Federal and State together. This saves buying the software separately. It has a nice feature where you can print of summary of your returns. The first sheet is a summary of what you should mail in and where. Local tax forms for city tax aren't included. This drawback is minor. Overall it is a very good product and I recommend it.
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Reviewed by: lpicc65
Strengths: Cheaper than Turbotax and performs just as well
Weaknesses: none so far
Overall: I have been using H&R Block's TaxCut for several years now. I have no complaints whatsoever with using this software. The interview process is very intuitive and easy to use. If you need more information on a particular IRS publication, just use the Help button to take you straight to the IRS link. You really can't beat the price, especially after any rebates. Never had an issue for several years now, using this product. Two thumbs up!!
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Reviewed by: atrus5
Strengths: More direct interface
Weaknesses: Problems importing from Quicken
Overall: After using Quicken and TurboTax since 1997, let me first say that I am no longer a happy Intuit customer due to... -the TurboTax "spyware" registration a few years back, -the Quicken drop of QIF support, -Intuit requiring a fee for OFX usage by financial institutions so many do not support it, -the Quicken pop-up a few years back requiring me to buy a newer version to keep my financial download capability So I have been considering moving to Money/TaxCut but concerned about compatibility and lost data in the conversion. Now back to TaxCut... The biggest improvement over TurboTax is the more direct interface. In some ways it is simpler but overall I just felt that it was easier to navigate through. TurboTax always did what I needed but it seemed more convoluted and felt like they were trying to be too fancy. I did have some concerns with the pop-up input windows, however. It would have been nice if they maintained support for the scroll wheel. Also the "import" selection window could use a "select all" and "deselect all" if you have a lot of items to go through. It was much easier to go back through the forms afterward and find out where the data came from. the worksheets were right there or a right click on the item made it easy to trace. My biggest area of concern in converting was the import from Quicken. I assumed correctly that the import between 2 Intuit products (Quicken/TurboTax) would be better... - Tax exempt investments were imported and should not have been. (I did verify that they were correctly setup in Quicken.) - The import of previous years taxes worked correctly and nothing was lost. However, when I then imported from Quicken, the data was imported into new copies of my Schedule C, interest, etc. which required cutting and pasting to merge to the copies created from last year. - Re-importing data creates redundant "copies" which have to be manually found and eliminated. If I went back to Quicken to make a revision and then imported it again I would have to remove the redundant copies. TurboTax imports from Quicken never had these issues. I also like that TaxCut has fewer products to select from to avoid all the confusion at purchase time of what to buy. Bottom line, I think that TaxCut is a better designed product offered at a better price. However, if you will import a lot of data from Quicken, the choice might not be as clear.
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Reviewed by: xtopher13
Strengths: Easy to use interface. Good documentation and help.
Weaknesses: Doesn't show an ongoing tally of your taxes as you proceed.
Overall: It will cost you an addition $15.95 if you want to e-file using this version. There are other versions available that include e-filing. Online updates are efficiently executed.
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Reviewed by: misterfinsmiles
Strengths: Easy install. Easy wizard use.
Weaknesses: None
Overall: It's a great software package for $25. I had no problems. I like how you can view the forms while you're filling in the wizard. It's all doable by hand, but it's worth the $25 to have error checking, etc...
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