They’re aimed at turbotax download folks who itemize but don’t have complex investments or businesses. Have you among the intrepid tax filers for prepared their own returns? Then you should probably using TurboTax Download, one leading tax-prep products.
We did tax-preparation software review; we tested online versions of both shortly after their release in December 2015. (You can do the same; you pay only when you file.) Each costs $34.99 to prepare and file a federal return and $36.99 for a single state return, though prices could rise later in the season.
Tax Act, another popular online tax-prep instrument, had not been unrestricted at the time we did our tax-research software contrast.
With each tool, you can importation W-2s, 1099s, and other earnings papers from thousands of employer and monetary institutions. You can opt to have the programs guide you or skip sections that don’t apply. Both offer a refund “ticker” that continually updates what you’ll get or owe as you go through the program.
H&R Block offers a few more free services than TurboTax, which could make it more attractive to do-it-yourself newbie. But TurboTax's more generous charitable deduction valuations, for example, make it a better choice for seasoned DIY-errs.
If you’re so inclined, the mobile versions of both apps let you prepare the “long form” (IRS Form 1040) as well as the “short forms” (1040-A and 1040-EZ) on your Smartphone. As advertised, both apps automatically transferred our inputs into their online programs.
TurboTax publishes a list of providers from which you can download W-2 and 1099 Forms. The W-2 partners include the leading payroll provider ADP and a number of individual employers. The 1099 partners include most major financial institutions.
I couldn’t find a similar list from H&R Block’s website, but since I have its software, I looked inside the software.