Lowest Price - Federal and State Returns
The best price value for federal and state online tax software is Taxcut Online Premium + E-file at $70 or TaxCut Basic at $45 with a state return.
The best price value for desktop tax software is TaxCut Premium + State + E-file at $70.
TurboTax and TaxCut Support
TurboTax online support is easier to use and more detailed than TaxCut's online support, and TurboTax support online gets answers faster.TaxCut does not currently offer an equivalent to TurboTax Live Community online Q&A support forum, although this may not matter to you.
If you prefer to use online software support, TurboTax is a better choice. If you prefer to interact real time with another person via chat or phone, then use TaxCut, which will cost less.
Self Employment Taxes
TaxCut Premium Online covers self-employment taxes for $40 ($70 with state) and is significantly less costly that TurboTax Home & Business Online. For desktop tax software, TaxCut Home & Business is $20 less than TurboTax Home & Business.Audit Support
TurboTax includes the Audit Support Center to help with tax audits. Professional audit support is available for $40 through Tax Resources, Inc.The price of TaxCut includes a tax professional if you e-file and are audited, so TaxCut potentially provides more value for audit support.
Active Investors or Stock Traders
If you made several investment transactions last year, TurboTax saves time with 1099 and 1098 downloads, which are mysteriously lacking in TaxCut. TurboTax Online Premier costs $10 more than the comparable Taxcut Premium Federal Online, worth it for active stock investors.When deciding on TurboTax, TaxCut or other tax software, take time to compare choices. Always read the details and fine print for features that are important for your tax return.
