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Computerized Investing > January/February 2008

TaxCut Premium vs. TurboTax Premier

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by Cara Scatizzi

Every year we are confronted with the inevitable—filing taxes. In the (seemingly) distant past, we hired a tax specialist to take care of this unpleasant task, or we set out to do it on our own, filling out each form by hand and mailing our return to the IRS before April 15. With the advent of computers, the Internet and a do-it-yourself attitude, our options for filing taxes have changed.

Many will still let tax professionals do the brunt of the tax work this year, but more and more people will file taxes themselves with the help of various on-line and software products. The most widely used are H&R Block’s TaxCut and TurboTax by Intuit. Each offers a variety of versions for different taxpayers with various investment, income and tax situations. The step-by-step format of these programs makes it simple for individuals to complete and file taxes, even those with more complex tax circumstances.

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