Best Reviewed
Tax Preparation Software
- Best tax software for complex returns Intuit TurboTax Premier Federal + State 2008 *Est. $75
- Best tax software Intuit TurboTax Deluxe Federal + State 2008 *Est. $50
- Tax software for simple returns TaxACT 2008 Ultimate *Est. $20
- Free online tax preparation IRS Free File Program *Est. $0
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Best tax software for complex returns
- Intuitive interview
- Superior guidance and support
- Good for complex returns
- Extra tools not useful for basic filers
- Expensive
Intuit TurboTax Premier tax preparation software is the nearly unanimous choice of reviewers, who call it the best tax package overall. TurboTax features a comprehensive interview process, including such complicated topics as multiple stock sales, business deductions, depreciation, mortgage refinancing, rental income and expenses, and reviewers praise its guidance and comprehensive support for less common scenarios. TurboTax Premier includes federal software and one free download of state software; federal and state electronic filing cost an additional $17.95 each. However, if you don't need the extra tools for stock sales or rental property, experts say Intuit TurboTax Deluxe 2007 (*est. $45) is the better buy.
Intuit TurboTax is the most frequently reviewed tax preparation software on the market; we consulted particularly thorough tests by PC Magazine and two separate guides (for financial software and taxes) at About.com.
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Our Sources
Carroll tries out H&R Block TaxCut Home & Business, Intuit TurboTax Home & Business and TaxACT Deluxe and State for the 2007 tax year. TurboTax retains a tiny edge over TaxCut; Carroll says TaxCut's interface isn't as polished, and the software doesn't do quite as good a job of maximizing deductions.
Review: The Tax Man Cometh, Sean Carroll, Feb. 18, 2008
2. About.com
About.com's guide to financial software reviews the 2007 versions of TaxCut and TurboTax (although it's unclear which version of the Intuit software is being reviewed), calling both programs comprehensive and reliable. Elmblad is not a tax professional, but has impressive expertise with financial software, and the fact that her choice of the better program differs from last year is a strong indication of objectivity. (Note: ConsumerSearch is owned by About.com, but the two don't share an editorial affiliation.)
Review: TaxCut vs. TurboTax: Which Tax Software to Buy for Tax Year 2007, Shelley Elmblad, Jan. 29, 2008
3. About.com
William Perez, About.com's guide to taxes, reviews and ranks four tax preparation software programs according to the criteria of cost, ease of use, speed and accuracy - including an unspecified version of TurboTax. He also compares these software packages to free online tax preparation services. (Note: ConsumerSearch is owned by About.com, but the two don't share an editorial affiliation.)
Review: Top 5 Tax Software, William Perez, Feb. 8, 2008
Tax Preparation Software Runners Up:
3 picks by top review sites.
 H&R Block TaxCut 2008 Premium Federal + State + e-file  from Amazon.com New: $2.06 In Stock.
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