Sunday, January 17, 2010

7:37 AM


1. TaxACT Deluxe
TaxACT is highly recommended for people with relatively straightforward tax returns to prepare. TaxACT's appealing price and premium features makes it a top choice for many. The feature I like best is that TaxACT uses your tax return information to prepare a college financial aid worksheet. This will help parents and students in filling out their FAFSA applications. No other tax software offers FAFSA worksheets.

2. TaxCut Premium
Quick and easy tax preparation in an updated interface, TaxCut is ideal for simple tax returns. H&R Block, the makers of TaxCut, have done a good job of making data entry screens easy to read. H&R Block offers "Worry-Free Audit Support," where an tax professional will help defend your return against an IRS audit, included in the price of the software.

3. TurboTax
TurboTax is very quick and easy for simple tax returns. I found it harder to find less-common data entry screens, but TurboTax's live community provides easy access to relevant help and support if you have questions about taxes or using the software.

4. CCH CompleteTax
CCH CompleteTax offers a simple user interface, allowing you to enter data and answer interview questions in a no-frills environment. CompleteTax however expects you to be firmly in the driver seat. CompleteTax is the fastest of all the software programs for a complex tax return. The clean, simple user interview format makes maximum use of the computer screen, so you don't waste time answering just one question at a time.

5. Free Tax Software
You can prepare your taxes and electronically file your return for free using one of the IRS Free File websites. The IRS has teamed up with nineteen software companies to make tax preparation free or low-cost for most Americans. You must begin at the IRS Free File page. If you go directly to the company's website, you won't qualify for the free service. Some of the participating software vendors are top-notch.

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