Monthly Archives: April 2015

Turbo Tax vs H&R Block

hr_vs_turbotaH&R block offered turbo tax users free downloads of their tax preparation software.  I’ve been using turbo tax since 1999, so I figured lets give the competition a shot.   Here are my comments:

1. Turbo tax was able to successfully import my transactions from TD Ameritade. H&R block prompted me to enter my TD Ameritrade user name and password, but all I got was an error that there was nothing available to download.  This one item alone would have tilted it in turbo tax’s favor if you have lots of stock transactions.  If you write covered calls or sell put options, you’d do that several times in one year for one underlying stock.

2. Turbo tax lets you import your good will donations and other charitable deductions from the Its Deductible  web site.  H&R Block has that functionality built in to its software.  The problem is you can’t enter the info as you donate the good for H&R block, you can do so for It’s deductible.

3. There is no screen in H&R block that lets you see a breakdown of your various income items, and your various deductions.  Rather it just lists the deduction type, and then a button for go to.  It doesn’t list an amount beside the go to button.  Turbo tax has such a screen, and it makes it easy to go a particular item if the amounts look wrong.

4. After doing a final review, turbo tax showed me a bar that I was in roughly the 5% range for getting an audit.   H&R block said that it was doing an audit risk calculation, but it didn’t tell me the result.  Maybe it didn’t show me since I had a low audit risk,  but it it would still have been nice to get confirmation.

5. Turbotax has a much better overall look and feel. Granted this is much harder to quantify.  Its GUI feels smoother and more refined.  H&R Block is green and white and feels bland.  The pictures of tax accountants on turbo tax makes it feel more professional.

In conclusion, just get Turbo Tax.