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Wednesday, March 02, 2011

Review of TurboTax Online

I generally try do my taxes myself. In the years past, I used to it manually by hand but over the last few years, have been doing my taxes using a tax software. Since I got the offer to try out TurboTax online recently, I decided to write this post.

Overall, I found TurboTax to be similar to what most other tax software do - make the tax of filing taxes relatively easier and quicker. First a little bit about the product itself. TurboTax can be installed both locally on your desktop or you can fill out the taxes online at their Web site. If installing locally, you can download the product from their Web site (TurboTax.Intuit.com) or from stores like Best Buy and Amazon.com.

For both the online and desktop products, there are four different versions - Basic, Deluxe, Premier, and Home and Business, with Basic version being the cheapest. Starting prices for doing federal taxes online with these versions can range from $19.95 for TurboTax Basic to $74.95 for TurboTax Home and Business. However, actual prices for the online versions may be different as TurboTax site determines prices at the time of print or e-file. Prices for the desktop products are typically slightly higher. For prices and features of each version of online and desktop product, check out:

Comparison of TurboTax Online Product Versions

As with most other tax applications, TurboTax is relatively easy to use, and unless your tax situation is complex or you don't want to do your taxes yourself, you may be able to do away with your CPA in many cases. The application walks you through various data entry screens where you can enter the necessary information. The site interface is very nice and easy to navigate. There are various tabs with intuitive names such as Home, Personal Information, Federal Taxes, State Taxes, Wrap-Up, and Print & File. In addition, there is also a Flags tab that enables you to bookmark a screen for future visit. I also liked the very visible links for TurboTax Help Center and LiveCommunity. These links can come in handy if you need some help. Using the Ask a Tax Expert link, you can also ask specific questions but there's a charge of $29.95 for first 20 minutes.

Overall, I found TurboTax online to be very good and the site does its best to make the task of completing and filing taxes as much easy as possible. The site also makes it easy to try it out for free.

For more information about TurboTax as well as customer reviews on its site, check out:

TurboTax.Intuit.com

TurboTax.Intuit.com: Customer Reviews

Lastly, the sponsor of this post has been kind enough to offer codes for TurboTax Deluxe Online 2010. I am offering it to the first three people who:

1. Post a comment on this post AND
2. Send an email to me. You can find the email using the "Contact Me" button on the bottom, right of this blog site. Include your comment in the email as well as the email where the code should be sent.

Deadline to do both of the above tasks is Mar 6, 2011.

There's a limit of one comment and one email per person. I will chose the person to receive the code based on timestamp of the email displayed in my inbox. In the event of a dispute or issue of any kind, my decision will be final. I will send the code to the winner via the email. There's a limit of only one winner per household. You are responsible for paying any associated taxes and fees. Lost, misplaced, or stolen codes won't be replaced.

Note: For writing this review, I received a TurboTax Online Premier code for filing my taxes. In addition, I am also an affiliate of Amazon.com.

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Labels: free, freebies

posted by Ruby @ 7:23 AM

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