turbo tax question

[rh71]

So do we need to buy a new one every year or is it "software upgrade-able" from its menus since the tax laws change every year?

 

[SaturnX]

I know with QuickTax you've got to buy a new one every year.

--Mark

 

[CalvinHobbes]

You have to buy a new one every year. That's how they stay in business.

 

[bruceb]

This info from the TurboTax site spells it out for you:

https://support1.turbotax.com/cgi-bin/t...srch=1&p_faqid=35&p_created=1127227846

In a word, not updateable year to year, as the program undergoes major changes each year for both ease of use & functionality
not mention changes in tax laws, rates & forms

 

[rh71]

thx everyone .. I'm surprised people don't just spend that money giving it to accountants to do instead. Basic version is $20 but anything higher (deluxe) is $40-$60.

 

[Paladin]

you'll end up spending a heck of a lot more on accountants than $40. Turbo Tax is great, kinda fun to play with the numbers too and see how things affect your return.

 

[bruceb]

That all depends ... for my brother's tax return it is very simple ... no Gains & Losses or big deductions .. could do on a typewriter on by longhand
Mine, I let my accoutant handle as I have lots of deducitons, capital gains, losses, investment fees, etc

 

[ponyo]

Originally posted by: rh71
thx everyone .. I'm surprised people don't just spend that money giving it to accountants to do instead. Basic version is $20 but anything higher (deluxe) is $40-$60.

Because my accountant charges me $350 to do my taxes I can do just as well under an hour using TurboTax.

 

[WildHorse]

TaxAct has been a good alternative to Turbo Tax for me.

Thought I'd mention it if anybody wants another alternative.

 

[jbritt1234]

For anybody that is intersted, you can get a FREE version of TurboTax etc if you go through the http://www.irs.gov/ web site. You just have to pay for automatic deposit etc, comes out to be like $9 if I remember correctly from last year. It's just the web based version of their software and there are multiple you can choose from.

Look for the link "Check out Free File" in the middle of the page, http://www.irs.gov/

 

[EagleKeeper]

Originally posted by: jbritt1234
For anybody that is intersted, you can get a FREE version of TurboTax etc if you go through the http://www.irs.gov/ web site. You just have to pay for automatic deposit etc, comes out to be like $9 if I remember correctly from last year. It's just the web based version of their software and there are multiple you can choose from.

Look for the link "Check out Free File" in the middle of the page, http://www.irs.gov/

Be very careful about spouting off incomplete information.
Free filing, (direct deposit is not required) is based on income level and a few other paremeters.

I strongly recommend that you visit the Tax Thread in OT.