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#COST OF TURBOTAX 2016 ONLINE FREE#

Notably, all offer a free plan for filers with relatively simple situations. All offer multiple DIY tax prep plans that correspond to general positions on the complexity spectrum. DIY Tax Prep Plans & PricingĮach of these tax prep services can handle virtually any personal income tax situation, from straightforward to very complex. However, each program is distinct enough to warrant close examination on the merits. TurboTax and H&R Block are especially close cousins, offering tax prep assistance from human experts for users who want it. TaxAct, TurboTax, and H&R Block have many features and capabilities in common. However, the time and expense of preparing with each service vary considerably. With these three programs, my federal and state tax liabilities have always been identical across the board. That means each service waives your prep fees if you can prove another program produces a higher tax liability or lower refund on an identical tax situation.

TurboTax, H&R Block, and TaxAct all have a maximum refund-minimum tax liability guarantee.

Accounting for quarterly estimated tax payments made throughout the year.

Schedule C (profit or loss from a business, including the home office deduction).

Schedule B (interest and ordinary dividends).

Using the married-filing-separately option.

Though it’s a bit more complicated than my actual tax situation, it allows me to explore each platform in greater depth than I otherwise would.

For the 2020 tax year, I used the same mock tax situation for all three programs to ensure an apples-to-apples comparison.