Tax Preparation Software
- Millions of people prepare their taxes by themselves. This can be done the hard way filling in the IRS forms manually, or you can do it the smart way using software.
- H&R Block's TaxCut and TurboTax, two of the biggest players in the tax software market have been around for many years now.
- Both these software packages support an easy to use interface. Each of them walks you through your tax preparation excercise by using questions and answers - just like a real life tax preparer.
- Both TaxCut and Turbotax support e-file, so you can file directly with the IRS.
- Tax Cut comes in two versions : TaxCut for Mac, TaxCut for PC. Same with Turbotax.
- One of the requirements of using tax software is you need to have a computer or laptop and you need to install the software - unlike online filing which does not need any software to be installed.
- When you use tax preparation software you have the liberty to collect the documents you need for your tax return over the course of several days.
- Be sure to check out the list of tax deductions.
- Using tax preparation software you save BIG on tax preparation fees compared to accountant or going to tax preparation services.