|MICRO CENTER: COMPUTERS AND ELECTRONICS|
All versions offer data import from previous year's tax information as well as data from financial software. TaxCut imports data from TaxCut, TurboTax, Microsoft Money, Quicken, DeductionPro and ItsDeductible while TurboTax only imports from Quicken, Quickbooks and last year's TurboTax.
The basic versions of each (TurboTax Basic and TaxCut Premium Federal 2006) offer individual federal returns for a low price. To file a state return, each company has feature for filing a state return for an additional fee, though purchasing packages that include state returns are more cost-effective.
Beyond the basic packages, TurboTax and TaxCut have different levels and features. Let's go through TurboTax and see which features make sense for you:
Similarly, TaxCut has three tiers of product for different needs:
As you can see, both software options are similar but have their strengths and weaknesses so compare their features before you buy.
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