Is Using TurboTax a Good Solution for Filing Your Taxes?

Filing your taxes can be a real pain, but it is one of life’s few constants.  Choosing the right method to file your taxes is just as important as filing them in the first place.  If you are like most people, you have at least heard of TurboTax – is it safe to use, though?  Does it do as good a job as a professional tax preparer?

First, TurboTax is safe to use.  However, there are some people for whom this product is better suited.  For instance, if you have only a low income, and very few deductions, using TurboTax to file your taxes is perfectly acceptable.  However, if you have a significant number of deductions that need to be made, you might choose to file your taxes with a professional.

This is because of the way that the program works.  In essence, TurboTax is really just a tool to help make filling out the forms for your taxes easier and simpler. You still need to know about your deductions in order to take them, especially with uncommon deductions on your taxes. The software does not ask you questions or supply you with any knowledge that you don’t already know.

Therefore, if you made more than $10,000 and have quite a few deductions, or if you want to itemize your taxes, using TurboTax is probably not the best solution.  With that being said, this software works well for those who simply want to speed up the process and get done with their taxes more quickly.  A professional will do a better job of finding you deductions, but TurboTax really is very fast and cost efficient.

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