Tax prep companies frequently offer discounts on products early in the season. However, some people with simple taxes may be satisfied with cheaper options, and some people might just feel more comfortable paying an accountant to do their taxes for them. That's good customer service, intuitive forms and interfaces, and confidence that you got an accurate tax refund with the maximum cash in your pocket. TurboTax isn't the cheapest, but you get what you pay for. I'm a self-employed freelance writer with a mortgage, bank interest, investment accounts, and other complexities, but I feel confident doing my taxes myself with TurboTax. Here's a look at how TurboTax works, how much it costs, and who it's best for.įor most tax situations, TurboTax does a great job of covering your needs. Are a college student or student-loan borrower looking for a free option.You might not like filing with TurboTax if you: Use QuickBooks to keep track of business expenses.Want the ability to upgrade for instant access to an expert.Have a complex tax situation and need help navigating deductions and forms.Qualify for $0 federal and state filing.You might like filing with TurboTax if you: TurboTax is the biggest and most popular tax-preparation software, handling a solid 30% of electronic filings, according to a report from Moody's. I have used TurboTax for my own taxes several times, and suggest the same to many others. I get a flurry of forms and documents telling me how much money I made over the course of a year, and I fill in the pieces of the puzzle that summarize an entire year's finances in one place.īut unlike my favorite 1,000-piece puzzle, the puzzle of my taxes comes together on my computer. While many people dread tax season, I find it to be an exciting time of year. See Personal Finance Insider's picks for the best tax software ».Self-employed filers who use QuickBooks will find TurboTax especially valuable.TurboTax is pricey, but it has a good user experience with the option to upgrade for expert help.
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