Who will give you the best bang for your buck when it comes to tax software?
This is a debate I have in my house every year, H&R Block Versus Turbo Tax.
As a single woman, I’ve always used H&R Block. So I’m a little biased to it. Now that I’m married my husband uses Turbo Tax. I handle the monthly budget. He handles the taxes. So now we use Turbo Tax because that’s what he prefers.
So I wanted to break it down and see which one will fit your needs better.
On the surface, both have similar prices. You will pay around $90 bucks for the premier version and one state filing.
But if you dig a little deeper you’ll notice: Turbo Tax’s “throw it all at us” version, which is designed for those of you who are entrepreneurs or landlords is more than $100. H&R Block’s is about $25 dollars cheaper.
Also, H&R Blocks expanded free works with the 1040 and Schedule A this year. As opposed to the 1040ez or the 1040a.
If you are in the military: Turbo tax will give you a discount but it isn’t much.
Now let’s talk about the differences with those paid versions:
Itemizers will probably be ok with the deluxe versions so you don’t need to shell out the extra dough. Those premium services are usually for those who are serious investors or have rental properties.
If you’re self-employed Turbo Tax will make you pay for another option, which is their self-employed version.
H&R Blocks premium version should be able to handle the heavy lifting. Which is why in the long run H&R Block could be cheaper for you. Both will handle your state returns. They’ll both also let you e-file for free.
So when it comes to prices I’d have to say I won this academic debate with my husband. If you need all the bells and whistles then H&R Block is better. However, if you are just your basic filer and not an entrepreneur the prices are the same.
On the other hand, when it comes to ease of use, I hear Turbo Tax wins that debate.
Again, I’ve never used Turbo Tax but I’ve read a lot of blogs and talked to a lot of people and the general consensus is TurboTax.com is more user-friendly with their Q&A style, intuitive interface. However, no one said H&R Block was terrible. Just that Turbo Tax was a tiny bit better. Again, I’m not a tax whiz and I was able to figure it out just fine. So really it all comes down to your individual needs and what you feel comfortable with. Both are stellar Website services and will get the job DONE!