POSTS
Review by Dave Parker
I have been using TurboTax for decades. As the years progressed, Intuit continued to make improvements. This program provides all the forms needed to complete your tax filing - federal and state - and clear guidance on how your information must be presented. If you are using TurboTax for the first time, you will need to enter your personal identification information; in subsequent years, the next TurboTax edition will import it for you.nYou can also have TurboTax import all your major financial data directly from the institutions where you have funds - employers, banks, brokerages, and mutual funds. I find that with my mutual funds, the data imported will be inserted in the appropriate places by TurboTax - complete with breakdowns by short and long term investments, withdrawals, etc.nIf you use Quicken as your accounting tool (probably also with QuickBooks) and dutifully mark every expenditure with the appropriate tax category, TurboTax will import that data as well.nI am meticulous in keeping track of my medical mileage (we have a lot of it) and charitable donations, which must be entered manually. TurboTax walks you through any donations of household goods or services you made to charities such as Habitat for Humanity using a form that includes the IRS allowable deduction for each item, then summarizes them for submission on your tax form.nAll of the required information is copied directly into the state forms, with only a few questions necessary for each individual state’s requirements.nThere is no cost for e-filing for your federal taxes; there is a small charge for the state filing.