The Bottom Line
- Portable - do your taxes on any computer with an internet connection.
- Help Center - clickable online help documentation.
- Understandable - no tax jargon.
- Tax data can be transferred to an H&R Block office for help.
- Audit Protection.
- Cannot skip ahead in tax return.
- DeductionPro not included as in desktop version of TaxCut.
- No W-2 import; enter W-2's manually.
- Does not support MSA or other pretax health expense accounts.
Description
- One free Ask a Tax Advisor question.
- Subsequent Ask a Tax Advisor questions $19.95; answered via email or phone, usually within 48 hours.
- Advanced Tax Assistant Tools assist with identifying what deductions you have coming.
- 100% accurate calculations guaranteed or TaxCut pays penalties and interest.
- TaxCut automatically flags potential errors on your return.
- Free e-file on state returns.
Guide Review - TaxCut Premium Online
The beginning of each section (Income, Adjustments, Deductions, etc.) prompts you to gather information needed to complete that section. This eases the frustration of scrambling to find receipts or W-2's in the middle of a section interview.
No running total is displayed on tax you will pay or be refunded, but the summary at the end of each section provides this information.
Two features set TaxCut apart from other tax software. Your data is easily transferred to an H & R Block office if you decide you want a professional tax preparer to take over your return. Another is the Worry Free Audit Support, which supplies you with an agent to assist you should you be audited after you e-file .
A word of caution: Taxcut Online won't work with health savings accounts, a surprising exclusion. No TaxCut products will download W-2 or 1099 data this year, you must either enter these manually or import from your financial software if you've kept records there.
You will need one of these web browsers to use TaxCut Online: Internet Explorer, Netscape Navigator or AOL.
