What do people think of Turbo Tax?
Turbo tax is a great way to prepare your taxes. But, you do need some knowledge of the tax code in certain areas where the software program requires you to fill some of the forms long hand. They are not supported by the software. If you have a lot of investment properties, or lots of stock transactions, it might be better to use a tax accountant. Turbo tax is also a great way to learn how the tax code works and do a lot of what ifs to see how different deductions change what you owe or what you are getting back. Once you have completed your return, you can, for example, see what the interest deduction on a 15 year mortgage or a 30 year mortgage has on how much you get back. You can see what effect a IRA has on your tax. You can see what different kinds of business expense will give you the largest deduction. You can try charitable gifts to see how giving things to the Salvation Army, for example, can change your tax obligation. You can make changes all you want, watch the numbers chang
