There’s no way in hell I’m paying Turbotax $50 (plus $xx for the state return) just because I have to fill out schedule D when I file. I looked at a few of the other tax filing programs and was thinking of going with TaxAct. I don’t have a very complex return for 2008. Other then stocks and options trades my return is fairly boring. TaxAct is offering me free federal efile and $14 for state efile. Sounds good or is there something better?
Also, and this is a long shot, has anyone here ever applied for mark-to-market accounting for themselves? I was thinking of doing that for 2009 but I don’t know how difficult it would be. I figure I should go ahead and start researching this.
I’ve used TaxAct the last 2 or 3 years, no problems. I cannot say that if I used another method I would have paid less taxes though, since I never also did it another way the same year for comparison.
I’ve used it the past 3 or 4 years and have never had a problem with it. Except that every time I file, I immediately start getting a huge amount of spam. I noted this before in a thread, and another poster said it couldn’t be related, but oh yeah- I think so. It’s a deluge, that starts before you’re even done filing with them. So you might want to use an alternate email.
I’ve used it for five years now and it works perfectly. I e-file the Fed return, but just print out the state one as don’t pay anything on until filing time.
It remembers everything from the previous year if you import it when it asks. The Capital Gains part of Sched D takes a little thought, but if you have all your 1099s and/or jot down all the info before starting, it goes very well. It calculates everything necessary in a nanosecond. It takes me about 45 minutes to do the whole thing vs. about 2-3 hours when i did the paper version.
I think it is the cheapest of the major programs and is a bargain as far as I am concerned.
Whatever you do, remember to write down your username, password, and a 5 digit number and any other info specific to you- you’ll need these things if you efile with them next year. I thought it charged a small fee for importing, but I could be wrong.
I’ve also used it for several years, very happily. I even checked it against TurboTax last year, since it was my/our first year filing as a married couple, and TaxAct was definitely better than TurboTax.
We’ve used it for the past three years and I love it. It also saves your information for the next year, and you can download and save your completed tax forms. I’ve also never had a problem with spam, and don’t hear from TaxAct again until the first of the next year.
Been using if for the past few years and been happy with it.
Also, if it makes you feel better, what I do is every other year or so, I do my taxes on TaxAct and TurboTax just to make sure they come out the same. Any discrepancies I’ve found have always been my own errors (usually just due to things being worded differently in the different programs) that would have likely been figured out by the alerts at the end.