TurboTax is an application for preparing American income tax reports, produced exclusively by Intuit. TurboTax is currently a market leader in its tax product category, competing directly with H&R Block Tax Calculators and other tax preparation software. TurboTax was originally developed by Michael A. Chipman from Chipsoft in 1983 and was initially sold to Intuit in 1993.
TurboTax provides several features that may be used to simplify your taxes: a menu, an online tax calculator, a file comparison, a state-by-state tax comparison, and a free file report. These and many more great features make TurboTax the best choice to prepare your taxes efficiently. TurboTax does not require knowledge of any tax forms, which will save you a lot of time. It has the following tools to help you with your taxes:
Turbo Tax has an automatic filing feature that allows you to obtain your refund electronically within a few weeks. In addition, you may be able to get a refund advance, if you do not have enough money to cover your tax payments. Another helpful tool provided by TurboTax is the knowledge base. The knowledge base offers useful tips and suggestions on how to maximize your tax deductions.
While we are discussing TurboTax, let us not forget its main competitor, H&R Block Tax Calculator. You can download this calculator from their website and print your own tax return at home. Both programs enable you to plug in your financial information and get a pretty accurate estimate of what your taxes could cost. However, with the extra service provided by Turbotax, and its intuitive interface, the H&R Block Tax Calculator may not be as useful as Turbotax for your tax filing needs.
You may also be able to save a considerable amount of money on your taxes by using both of these programs. Turbotax and H&R Block Tax Calculator are both designed to allow you to enter your information and then determine your results instantly. These programs are easy to use and may be useful for you if you wish to prepare your own free file tax returns. However, with both programs, you may find yourself spending more time getting ready your returns than actually preparing them.
The bottom line is that you need to decide for yourself if either of these programs is right for you. If you have made the decision that you prefer to go with a computer over a paper filing system, you should definitely take a look at Turbotax. However, if you are okay with a paper filing system and would prefer to save some time preparing your return-free filing, you should consider the H&R Block Tax Calculator. Both programs offer a free option for their customers in order to help them decide. Turbotax and H&R Block Tax Calculator can both be purchased on the Internet from the Turbotax website or from the official website of H&R Block Tax Calculator.