Is buying tax preparation software a wise investment?
I would say that it depends on two factors. 1 How complicated are your taxes and 2) how reliable is the tax software. First of all, you should know that the cost of the tax software is tax deductible. The government realizes that tax laws are very complicated. Therefore, they allow us tax payers to deduct the cost of having someone or something else figure it all out for us. So, it is really not the cost of the software itself that determines if it is a wise investment. Now then, I will be write from my personal experience. I have had both simple and complex tax situations. I have filled out my own tax forms and use software. When I have used software, I used TurboTax. I used it twice because those two years I was an independent contractor. So, I had very complex taxes. TurboTax asked question that guided me through the process of preparing my taxes. I shudder at the effort it would have taken me to navigate my way through this process with out it. The first year I used TurboTax it wor
