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Is TurboTax worth it?

Discussion in 'Off-Topic Discussion' started by jeremy_283, Feb 10, 2012.

  1. Feb 10, 2012 at 6:40 AM
    #1
    jeremy_283

    jeremy_283 [OP] Super Member

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    Does it really find many "extra" deductions that a seasoned tax preparer couldn't find using long-hand?
     
  2. Feb 10, 2012 at 6:42 AM
    #2
    carcharias

    carcharias Giggiddy what what

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    I've used it over the last 8 years, and it's easy. Finding extra deductions? Not sure, but it does cost less than a tax preparer and I have yet to be audited (knock on wood).
     
  3. Feb 10, 2012 at 6:45 AM
    #3
    LUSETACO

    LUSETACO Central Scrutinizer

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    Not sure about finding any "extra" deductions, but it makes doing taxes super easy. I've been using it for at least 7 years now.
     
  4. Feb 10, 2012 at 6:46 AM
    #4
    pa blaster

    pa blaster Well-Known Member

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    5100's front & rear , Eibach springs, LR uca,Icon progressive aal
    yep i got an xtra 4hundred more than i thought back not much but it helps:thumbsup:
     
  5. Feb 10, 2012 at 7:03 AM
    #5
    jeremy_283

    jeremy_283 [OP] Super Member

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    Will the free version work fine?
     
  6. Feb 10, 2012 at 7:04 AM
    #6
    chadderkdawg

    chadderkdawg Don't ask questions you don't want the answer to..

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    Fed is usually free and then they charge you for state and then a processing fee.
     
  7. Feb 10, 2012 at 7:05 AM
    #7
    Pugga

    Pugga Pasti-Dip Free Since 1983

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    I think it's worth it. I use it every year.
     
  8. Feb 10, 2012 at 7:08 AM
    #8
    dYL0n

    dYL0n ระดับอาวุโส สมาชิกอาวุโส

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    Dyl0n
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    I used turbota for the last 2 years. They charged me like 30-40. Then this year, I started my return with them, didn't pay, then saw what my return was. $1497. Then I did the free HR block, same return, $1497. HR block was free, turbotax was i think $40. And yes i had deductions, a few 1099's, 2 W2's.

    HR > TurboTax
     
  9. Feb 10, 2012 at 7:08 AM
    #9
    pFunk6983

    pFunk6983 Active Member

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    Since you're only 21, it probably won't find a lot of deductions for you unless you own a house or have investments, but it's still easy to use and can get a quick refund.

    As for comparing it to a person, just depends on the how thorough and knowledgable the person is.
     
  10. Feb 10, 2012 at 7:10 AM
    #10
    jrdbrn

    jrdbrn .

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    I did both and liked HRBlock more. Easier and received a few more dollars.
     
  11. Feb 10, 2012 at 7:12 AM
    #11
    jtav2002

    jtav2002 Kenny Fuckin Powers

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    I use H&R block online. Free and easy. Only time it costs money for fed return is if you have stuff like capital gains from investments and stuff like that. I used to be an accountant(albeit not public) and I still use this rather than manually doing my return.

    Now if you need to see an actual tax preparer I'd never go into an H&R block place I'd stick with an actual CPA for that.
     
  12. Feb 10, 2012 at 7:13 AM
    #12
    davidpick

    davidpick Well-Known Member

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    i've used it for the past 5 years... my returns are pretty simple, so i'm not too worried about it finding all these crazy deductions or anything, just like it because it only costs like $20 and i can e-file and all that good stuff. just submitted my taxes with turbotax last night actually...
     
  13. Feb 10, 2012 at 9:54 AM
    #13
    North Star

    North Star Well-Known Member

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    Turbo Tax will actually let you do a step by step to explore all deductions if you want. This is tedious, but if you know what you are looking for it's rather quick.

    I plan on doing mine this weekend.
     
  14. Feb 10, 2012 at 9:57 AM
    #14
    macgyver

    macgyver Well-Known Member

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    I've been using it for the last 10 years. I've never been audited.

    I have been itemizing for the last 4 years since I bought my house and used it for my sole proprietorship business for the last 2 years. It's very easy to use. I can't speak to more money back because I have nothing to compare it to, I've been using Turbotax since I turned 16 and started working.

    I did my taxes about a month ago and have had my refunds for a few weeks.
     
  15. Feb 10, 2012 at 10:03 AM
    #15
    GP3

    GP3 Well-Known Member

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    You won't find "extra" deductions when using a legitimate CPA. They just know what you are eligible for.

    Turbotax will guide you through that process.

    I think it's worth it.
     
  16. Feb 10, 2012 at 10:47 AM
    #16
    North Star

    North Star Well-Known Member

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    Good to hear. I just bought a house in Novermber and have money set aside for my 10% penalty for dipping into my retirement money to buy the house. I think as long as I plug in everything with the tax documents I have received, I should be good to go.
     
  17. Feb 10, 2012 at 11:28 AM
    #17
    elmo7

    elmo7 Easily Replaceable Member

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    Frak no - TT is too expensive, IMO. You can find cheaper versions that perform just as well. I use Tax Act online. Easily half price for me or better, as I have to file multiple states. States are the killer. You can use TA for free and not pay until the end when you want to print/file.

    Maybe I need to check that H&B Block free!
     
  18. Feb 10, 2012 at 11:55 AM
    #18
    396tears

    396tears Well-Known Member

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    I have used Turbotax since it came out.

    I used to do my taxes by hand at the kitchen table years ago.

    With 3 kids in school and and all of them working part time plus all my tax
    schedules and such,
    I sure learned a lot and spent a lot of nights doing taxes with
    all the forms and instruction booklets from the IRS
    and of course a calculator and lots of scratch paper.

    Turbotax was a huge relief.

    If you plan to purchase it buy the Amazon download.

    It is by far cheaper than in stores and no sales tax and no shipping
    (if you qualify).
     
  19. Feb 10, 2012 at 11:56 AM
    #19
    neonlazer

    neonlazer Mechanically Goofy

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    We use it! Makes taxes simple lol
     
  20. Oct 22, 2013 at 10:32 PM
    #20
    cherylwalden

    cherylwalden New Member

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    I have been using Turbo Tax from a long time now, like 5/6 years maybe, it has always made my tax filling easy and convenient. Although I prefer buying the software rather than going for the free online one as I always have insecurities about the free one being infected with malicious data or that it has any hidden costs or if it can be a data collection stunt online, but yes to save some money I do use those online available turbotax coupon while buying which does makes a difference.
     
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