Review of TurboTax Premier Federal + E-file + State 2011 by Intuit, Inc.
By Ryan Loos
Over all the TurboTax Deluxe Federal + E-file + State 2011 does everything it says it can do. From maximizing your tax deductions, investment cost basis, 401(k) maximizer, enter Rental informaiton, Small Buisness Schedule C help and will help you get the most back from the IRS as possible. I do find that the questions get a little annoying for a person that knows where to put all the the tax information. With a little patience you will get through all of your W-2's, 1099's, rental info, small buisness info (shceduel C) and INT forms without a problem and hopefully end up with a refund! While this is a great product if you have a more compliacated return or want to be able to talk to somone, I would recommend seeing your local tax preparer. For most people the price is right for the TurboTax Premier Federal and State 2011. Of course make sure you E-file to get you refund faster! You can also take a look at the IRS e-file refund chart for direct deposits by clicking here.
Here are some reviews from Amazon.com:
"I have been filing my own taxes since I was 16. I am now 60. I have tried most of the programs out there. Turbo Tax is by far the best. H&R Block, by far the worst. I use the "Turbo Tax Premium" because it has rental properties on it. It keeps track year by year (by importing last years form, from a saved Turbo Tax copy) on depreciation and prompts you for all deductions. You can't beat it. WalMart had the same program for $84. Amazon comes through again."
"I have just completed a rough cut of my 2011 tax computation in order to determine my 4Q estimated tax payment. I experienced no data import, data entry, program manuverabilty or software lockup problems. I had a few questions regarding the entry of option trades and some of the lesser used forms and they were answered via the search function. I would also like to note the convenience of being able to download a previously purchased software package from my Amazon library. I had to do this for last year's 2010 TurboTax after an operating system upgrade to my computer. I switched to TurboTax in 2010 after experiencing many entry, display and lockup problems with my 2009 H&R Block which were reported to HRB and not resolved."
"Deluxe will do a Schedule C just fine, but it may not provide as much help as the Home & Business version. If you have been doing taxes yourself for awhile then you might not need to pay the extra money for the additional help."
* Price includes federal E-File
* Overall, probably the best tax program there is
* Deluxe version can do a Schedule C for the self-employed – but it doesn't provide as much guidance as the Home & Business edition
* Claims "100% guaranteed accurate calculations"
* Not perfect (but how can US taxes ever be perfect)?