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TurboTax vs H&R Block At Home

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Importing and Transferring Tax Data
TurboTax and H&R Block At Home (formerly TaxCut) import tax data.

TurboTax vs. H&R Block At Home Importing and Transferring Tax Data

Screen shots by Shelley Elmblad
Transferring the previous year's tax data and importing data from personal finance software to tax software saves time because you do less data entry for income and some other reporting. Downloading this information is also a safeguard against typing in the wrong numbers. Read on to learn more about these features in TurboTax and H&R Block At Home, or skip ahead to my bottom line analysis of which is the best tax software.

Tax software that imports W-2 and 1099 data is especially useful if you have many stock transactions to enter or you have multiple W-2 forms.

Importing data from Windows personal finance software or Mac software saves time, but only if spending categories have been accurately designated as tax related.

TurboTax imports or transfers data from:

  • Quicken personal finance software(desktop TurboTax versions only).
  • ItsDeductible Online imports to Windows, Mac and online versions of TurboTax.
  • TurboTax, H&R Block At Home and TaxACT prior tax year returns. TurboTax Freedom Edition and Free Online data will not transfer.
  • W-2, 1098 and 1099 data from most financial institutions and employers/payroll services.
  • TXF files, which can be exported from most personal finance software.

H&R Block At Home imports and transfers data from:

  • The online versions import last year's returns prepared with H&R Block At Home Online, TurboTax Online or TaxACT Online. H& Block At Home Windows and Mac versions import last year's returns prepared with H&R Block At Home and TurboTax desktop software.
  • H&R Block At Home Deduction Pro donation tracking software.
  • H&R Block At Home imports 1099 and W-2 data from many financial institutions or employers/payroll services.
  1. Compare Tax Software for Tax Year 2011
  2. Tax Interviews and Guarantees
  3. Importing and Transferring Tax Data
  4. Getting Technical and Tax Help
  5. Help if You're Audited
  6. Price Comparisons
  7. Bottom Line: H&R Block At Home or TurboTax

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