We are in red-hot tax season, WSJ editor tried the two most popular tax preparation software: HR Block’s TaxCut and Intuit’s TurboTax, and concluded that TurboTax is of better quality than TaxCut. One of the convenient features from TurboTax is “instant data entry”, which allows you to import W-2 or stock transaction data electronically, rather than enter data one by one:
It wasn’t easy to pick a winner, since both programs are so similar and so much depends on the details of your specific situation. But in our tests, TurboTax, the long-standing sales leader, came out on top. While it won’t make doing your taxes fun, we found it generally more user-friendly, easier to navigate and easier to understand.
Other Tax Preparation Softwares: