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Software

Good question, especially since it's getting closer to the tax filing deadline.

I’ve used TurboTax Online several times, and each time received about $2500 back from Uncle Sam.

TurboTax knows about all of the latest tax laws. For example, this year you can claim a $60 deduction on long distant phone charges without even having to provide a receipt. It’s one of the questions asked by TurboTax, which saved me the cost of using the software right off the bat! :)

I refinanced my home last year as well, and TurboTax walked me through all of the deductions I could take, included points, prepaid interest, and real estate taxes. I like the “interview style” approach that it takes, where it asks you relevant questions and you just have to answer yes or no… and then they tell you if you’re eligible for a deduction.

Even with my self-employment income, TurboTax greatly simplified the Schedule C filing, and helped me find several home office deductions that completely offset my self-employment taxes for the year!

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