Sojourner
Thinks s/he gets paid by the post
- Joined
- Jan 8, 2012
- Messages
- 2,617
Just thought I'd pass along some friendly advice to anyone who might still be wondering which tax software to choose. I decided to go with H&R Block Premium this year -- mostly due to the outrageous increase in the price of TaxAct over the past year.
I just went through and keyed in all my numbers and info this afternoon, and the good news is I'm getting a much larger than expected refund.
The bad news is that the H&R Block software makes filling out Form 1116 (figuring your foreign tax credit) much harder than TaxAct or TurboTax. It provides kind of a mini-interview, where it gives you some very high level, general guidance, but mostly you are left to fill out the raw Form 1116 manually. This wasn't terrible for me, since all my foreign income and tax comes from mutual funds, but it certainly was more work than what I had to do with TaxAct last year.
So, if you have a lot of foreign income / tax or even a moderately complicated foreign income situation, you may want to avoid H&R Block. Note that I'm using the desktop/download version.
I just went through and keyed in all my numbers and info this afternoon, and the good news is I'm getting a much larger than expected refund.
The bad news is that the H&R Block software makes filling out Form 1116 (figuring your foreign tax credit) much harder than TaxAct or TurboTax. It provides kind of a mini-interview, where it gives you some very high level, general guidance, but mostly you are left to fill out the raw Form 1116 manually. This wasn't terrible for me, since all my foreign income and tax comes from mutual funds, but it certainly was more work than what I had to do with TaxAct last year.
So, if you have a lot of foreign income / tax or even a moderately complicated foreign income situation, you may want to avoid H&R Block. Note that I'm using the desktop/download version.