Turbo Tax Deluxe is software that was developed by Intuit which is being used for tax preparation. The software works by asking its user several questions in regard to the user’s credits, income, family situation, changes made in tax situation among the others then the software will search its database for the credits and deductions so that its user can have a refund for the tax that was paid for. It also allows its user to check for the tax deduction which was already made due for him and the different deductions that were not yet covered; the software will then tell its user how he can qualify to get them. Turbo tax Deluxe includes a Smart Check which scans the user’s file to verify if there are many mistakes made so that the user can still change them before filing it.
H&R Block At Home, formerly called TaxCut, is a tax preparation program created by H&R Block. It has several editions: Basic, Deluxe, Premium, Premium & Business. The Basic edition gets you through simple tax situations including features such as step-by-step guidance, Accurate Calculations Guarantee, Maximum Refund Guarantee, supports most tax forms, easily imports your 1099, W-2 and last year’s information from H&R Block At Home and TurboTax software and includes free 5 federal e-files. The Deluxe edition includes personalized tax guidance, sales of stocks, mutual funds and bonds, audit support, mortgage interest, maximizers for charitable tax deduction, 5 free federal e-files and 1 state program download. This edition is recommended for investors and homeowners. The Premium edition features Schedule C guidance, tax laws and planning resources, rental income assistance, advanced tax calculators, live tax advice, 1 state program download and 5 free federal files. This edition works suitably for self-employed and rental property owners. Premium & Business edition includes Premium for personal returns plus features such as partnerships and LLCs, corporations and S corporations, non-profit returns, trusts and estates, employer and payroll forms, depreciation, vehicle tax deductions and business expenses, 5 free personal federal e-files and 1 personal state program download. This edition is available for Windows only.