POSTS
Review by Fred Woodbridge
I have been a TurboTax user for years; in fact, I just checked and I have TurboTax files from 1999!nThis, the Basic edition, does not come with a state editionwhich is a let-down for me since I live in a state which requires a state tax return.nThe installation is very straightforward and since I am already a TurboTax user from years past, it is very easy to import last year’s files and everything is filled out already. Very handy, especially if your work situation has remained the same.
I have found TurboTax to extremely thorough for 99% of the situations; it goes through just about every possible scenario and the only time I would suggest hiring a professional is if you are in a very complicated situation, with wills, trusts, retirement accounts and so forth, but I would still attempt to use TurboTax to serve as a check on the professional’s work. Yes, it is that good.
Filing is easy, free, and straightforward. You’re kept abreast of every step (the IRS has accepted your return, etc.) and are notified by email and text. Documentation can be accessed at any time, and it’s copious. Even complicated tax information is clearly documented if you are willing to take the time to read. For the DIY-er, TurboTax is a boon, best in class.
TurboTax has taken everything into consideration, it even helps you estimate the value of donated items. A very rigorous error checking takes place before you file; it also includes the risk you run of getting audited while offering (paid) services to help you if the risk is high.nFour and a half stars because it’s missing the state returnwhich, while it is available for download, is quite expensive on its own.