H&R Block’s TaxCut
January 30, 2009 by Tax Blog
Filed under Federal Tax, Softwares, State Tax
TaxCut Free Federal Edition + E-file, TaxCut Basic + E-file and TaxCut Premium + E-file all make filing your taxes easy by taking you through a simple, step-by-step tax interview. TaxCut Free Federal Edition + E-file is best for people with very simple tax situations. If you’d like to import your prior year personal and tax data, TaxCut Basic + E-file would be best for you. Or, if you’re looking for extra tax help and guidance with a Schedule C, home mortgage, rental property, home office, business expenses or asset depreciation, TaxCut Premium + E-file would be best for you. With TaxCut Premium + E-file, you’ll also receive 1 free tax consultation with an H&R Block tax professional at no additional cost.
In addition H&R Block offers TaxCut Signature if you prefer to do your own taxes, but want the added reassurance of having a tax professional review your return and then sign and e-file it with the IRS for you. Signature makes completing your taxes easy by taking you through the simple, step-by-step tax interview of TaxCut® Premium + E-file. Then, at the end of the interview, you’ll be able to choose to send your return to a tax professional who will complete the process for you. And, it includes the TaxCut Premium + E-file’s extra tax help and guidance for filers with a Schedule C, home mortgage, rental property, home office, business expenses or asset depreciation.
- An easy interview process that helps you complete your return before submitting it to your tax professional for review
- Automatic double-checking of your return for errors
- Easy access to IRS publications
- Imports data from TaxCut® online and software, H&R Block Offices, and TurboTax® software
- Advice for getting key tax benefits as your life changes (marriage, home buying, career changes and more)
- Store your return on H&R Block’s secure servers for 3 years
- Built-in multimedia video tax guidance
- Guidance to maximize tax savings associated with home ownership, education and more
- Additional assistance on investment income and stock options
- Business Expense Assistant
- Extensive help for the self-employed on home office and business expense deductions
- Guidance for rental property income and expenses
- Federal e-file included free
- Only from H&R Block: Unlimited year-round tax advice from a live H&R Block tax professional
H&R Block, founded in 1955, is not only the world’s largest tax services provider but also a fully-integrated financial services company that partners with its clients, helping them save for retirement, buy a home, pay for college, manage a business and much more.
H&R Block operates more than 12,000 offices in the U.S. and more than 1,300 locations in Canada, Australia. We have prepared 400 million tax returns since 1955. But it takes a team to serve our clients, whether it’s in the office or via the Internet.
Today, our focus is on delivering outstanding customer service and helping our clients reach their financial goals. As we see it, their success is a key measure of our success, now and in the days to come.
Supported Forms:
Federal Tax Forms Supported Varies by product:
Free Federal Edition
Basic Federal Edition
Premium Federal Edition
Signature Federal Edition
State Tax Forms Supported
All States Plus DC
Pricing:
Pricing Chart
Free Federal Edition + E-file
- A simple return excludes self-employment income (Schedule C), rental and royalty income (Schedule E), farm income (Schedule F) and shareholder/partnership income or loss (Schedule K-1)
Basic + E-file – $14.95
- Only from H&R Block: Worry-free Audit Support®
Worry-free Audit Support is available for clients who purchase and use H&R Block tax software or online tax preparation solutions to prepare and successfully file (via e-file or print and mail) their 2008 individual income tax returns (federal or state). It does not provide for reimbursement of any taxes, penalties or interest imposed by taxing authorities. Additional terms and restrictions apply.
Premium + E-file – $39.95
- Only from H&R Block: Worry-free Audit Support® offers guidance plus an H&R Block enrolled agent to represent you in the event of an audit
- Only from H&R Block: With 1 included Ask a Tax Advisor session, an H&R Block tax professional can help answer your tax question via
1-on-1 phone or e-mail consultation (a $19.95 value)
Signature – $79.95
- All the benefits of TaxCut® Premium + E-file and more
- Only from H&R Block: Unlimited live tax advice from an H&R Block tax professional, during tax preparation and year-round
- Only from H&R Block: An H&R Block tax professional can review, edit, sign and e-file your return for you
- Only from H&R Block: Worry-free Audit Support® and the H&R Block Guarantee assures that you’ll have support of an H&R Block enrolled agent if the IRS audits your return
State (base price) – $29.95
Free federal online tax preparation and e-file if your adjusted gross income is $56,000 or less and you are age 50 or younger. Includes Form 982 (Mortgage Forgiveness Debt Relief).
Reviews:
H&R Block and Intuit are the two leading Tax Service Providers. H&R Block offers a full suite of product and service to help you with your tax needs. They offer online tax software, desktop software, and over 1300 local offices. At this point, it’s only a matter of preferences for not picking H&R Block.
Their interview style tax preparation is very easy to follow. What impresses me the most is the abundance of information and assistance available to users while they are preparing their return. TaxCut provides assistance in the following forms:
Granted, some of these assistance do not come free. However, it’s nice to know that you can get help whenever you needed. Different versions of TaxCut is designed based on the level of complexity of your tax return. For people with more complicated returns, the Premium Edition and Signature Edition both provides tax professional assistance for a very reasonable cost.
The only downside is that State E-File is expensive at $29.95. Once you have completed your federal tax return, the state tax return more or less simply imports data from your federal tax return. I suppose this is their marketing strategy where since you have spent all your time preparing your federal tax return, you would go somewhere else to do your state return.
Screenshots:
W2 Form
Federal Deductions
