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Others say...
"Form 8801" After four straight years of using TaxCut, I believe I'll use TurboTax next year. As others pointed out, after TaxCut indicated no further errors nor warnings, the return got rejected by the IRS because, in Form 8801, the program did not subtract line 38 from line 37 and put the results in line 40. I won't be able to e-file because of this basic mistake in TaxCut's compliance with how the form should be filled out according to the IRS.
"Immature Software" This software is years behind TurboTax, which I've used for the 4 years prior (with no audits and no problems). I gave it a shot this time around because it was cheaper, but found numerous bugs that have left me very nervous about submitting my taxes. Here's a HUGE one: If you live in California, you can deduct a portion of your vehicle registration fees under state and local tax. Turbotax explicitly asks you for this. Taxcut MAKES NO MENTION OF IT. If you didn't know to enter it manually (how ridiculous!), you wouldn't get this credit. And for most people, this credit will reduce their taxes (or increase their rebate) significantly-- for me it was far more than the cost of this stupid software.
If you want to be wary about your taxes, use Taxcut. If you want to miss obvious deductions and credits, use Taxcut.
"No Mac version" I've used TaxCut on a Mac for the past four years. This year, I was pleasantly surprised when an unordered TaxCut CD arrived in the mail. How nice! I didn't have to order it from Amazon and wait for it to arrive.
Now, I'm a procrastinator, so today, April 9th, I opened up the package. And found --- a Windows-only CD. Grrrrr. OK, so I'm annoyed, but I go to the website to purchase and download the Mac verson. Only --- no Mac version at all this year!!
But, judging from some of the reviews below, maybe I'm lucky to be forced to use TurboTax.
"Highly NOT recommended..." I have to agree with Diogenes "tlhm"'s summary: DO NOT USE THIS GARBAGE SOFTWARE IF YOU HAVE A FORM 8801. I was in shock when it asked me to fill out a form for which it already should have had all the information it needed (form 8801). I had to go to a tax consultant to make sure I had filled it out correctly, which obviously wiped out any savings from using TaxCut. Then, AFTER I checked the entire return for errors (0 errors, 0 warnings), and AFTER I entered my credit card for online filing, it rejects my return, saying there is an error in form 8801. The error is that it did not subtract line 38 from line 37 and put the results in line 40. It told me to do that manually (override). So I overrode the entry, resubmitted, and it was rejected AGAIN, saying "you are not authorized to override that entry". I haven't heard back from H&R B yet, but from Diogenes's post it looks like I'll have to print out my return and then fight to get my credit card charges reversed.
So I agree - this is a piece of garbage. I'm switching back to TurboTax next year.
"Does the job, no better than TurboTax" I used TurboTax for years and switched to TaxCut since the price was lower. I can't say that it was an improvement although it did the job. My taxes were less complex than other years so I can't comment on things like depreciation. However it did walk me through the steps and I was able to finish my taxes in a few hours.
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Buy Cheap Software Now!
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TaxCut 2005 Deluxe + State [Old Version]
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List Price : $29.99
Our Price : from $7.95
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Why I buy this one ?
- Kiplinger’s Tax and Financial Planning Library provides information to help you maximize your finances.
- From starting a new family to buying a house, TaxCut will help you determine how these changes impact your tax situation.
- You will enjoy the H&R Block Interactive Library to help you understand the implications of changing tax laws and give you relevant tax advice.
- Expanded interviews guide you through more involved tax situations like Dependents, Depreciation, Schedule C, and more.
- H&R Block DeductionPro now included inside
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What our customer's say!
"TAXES", very easy to use and by far the best software I have used to date. I feel very sorry for Accountants.
"Tax Cut 2005 Deluxe + State (old version)", It worked Okay for me this time because my taxes were not complicated.
"I have no complaints.", It does what it's supposed to do, and does it well. I didn't get audited, so I am happy!
"poor installation & update, odd assumptions, but easy to use", i've used taxcut for about 4 years now. i read the bad about the 2005 edition in the reviews, but i'd rather buy taxcut again than enter last year's data (i think they're counting on this!).
the short of it: still a good UI and pretty easy to use, but you might spend an hour+ installing and updating, possibly with your computer in 'safe mode'.
the installation & update was pretty painful. - avast reported a virus in the state installation (win32:Trojan-gen.{other} Virus/Worm). tech support said "that happens with some virus programs"...uh yep. - the installation failed with an error box: "Invalid commandline syntax (see commandlineImpl::initOptions())" - updating would not work, failing with the error "CATax.dll could not be opened" - tech support suggested that i restart my computer in 'safe mode' to complete the installation...safe mode to install a TAX program?!?! - it took tech support an hour to fix the install and update, making the installation about an hour and a quarter process (i'll bet that the IRS didn't figure that into their time estimations...)
there's definitely some problems with the form 8801 as others have reported; it did not check the boxes correctly on the 8801 based on 2004 data, even though i had imported it from taxcut 2004. i had to open the form manually and correct it.
if either taxpayer has any W2's at all, it will not even ask if there are any self-employed deductions for either.
all that aside, the UI seems a bit faster than it has been in previous years, and it still is pretty easy to use. i hope they work on it harder for next year given its slipping ratings against turbotax....
"Lawsuit waiting to happen", Filed my taxes in February with TaxCut Deluxe. Just got my state tax return sent back to me saying that I had failed to fill out large chunks of my tax return. When I examined what TaxCut had filled out, it left out complete columns. When I started to do the tax return by hand, it became clear that TaxCut failed not only fill things out, but also filled out parts of the form incorrectly. It got the standard deduction wrong (to the tune of 2 grand).
"Customer Support" was what I have grown to expect with companies. Completely non-responsive. When I had problems with the program earlier I was told that I could expect all fixes to come in the future. The program told me that I could e-file my state tax return, but when I tried to do it, I was told that I could not. I contacted customer support and they said I could return it for a refund IF I still had the original box and receipt (this for a program I bought in January).
You might need this... H&R Block Taxcut 2006 Premium Federal + State Win/Mac details..
|  TaxCut 2004 Deluxe [Old Version] details..
|  H&R Block Taxcut 2006 Premium Federal + State + Efile details..
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 H&R Block TaxCut 2007 Premium Federal + State (Win/Mac) details..
|  H&R Block Taxcut 2006 Premium Federal details..
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Read this reviews before You buy...
"*Huge* flaws in the software ", I have never written a review for anything online before, but the flaws in this program are so enormous, I feel obligated to inform others. Here are the ones I've discovered, in no particular order:
1) There is absolutely no easy way to transfer just your returns as one file to view or print from another computer. You cannot save your returns as a PDF file or anything else that can be opened without the TaxCut software. Which means that if you are using TaxCut on a computer that is not hooked up to a printer or the internet, there is no way to file your returns without huge difficulty (as in installing a new printer, transferring the entire TaxCut program to another computer, or something else equally tedious and time-consuming). This is just an idiotic flaw that really shouldn't exist in any software at this point.
2) They don't advertise that it costs a lot to e-file your returns. A lot of programs offer free federal filing. Not TaxCut. It costs $16 PER RETURN. Adding that costs with the costs of the program and state programs, you might as well go with a real accountant.
3) There are lots of state returns that cannot be filed electronically. This isn't necessarily a TaxCut only problem, but I found out personally that you can't file part-year resident or non-resident returns electronically. Now, this really becomes a TaxCut problem referring to point #1 when I realized there's no easy way to print and file paper returns either.
4) Customer service is hit or miss. Because of issues 1-3, I've had some exposure to TaxCut technical support. The first time I called, it was about issue #1, saving returns as a PDF. That was in mid-March, so I'm sure they had been hearing complaints about that for a while now. But the person I talked to had no idea and had to put me on hold for 5-10 minutes so that she could ask her supervisor and then inform me that there was nothing I could do. The last time I called I got a much more informed person who admitted to me that they've had a lot of complaints about the PDF issue.
The only reason I gave this 2 stars instead of 1 is that it's probably a serviceable program if you have a simple federal return and one state return that are all able to be e-filed. But taxes aren't always that predictable and if you buy a software package, it should be able to handle some of the things that can come up. I absolutely will not be using H&R Block software or programs of any kind next year.
"Piece of crap software forces you to do too much manually...", ..This is a piece of junk. I don't have a particularly complicated return and yet half the time Taxcut wants me to enter manual calculations. Then afterr submitting the forms to IRS, it gets rejected because the stupid program can't copy one nunmber from one line to another...forcing me to manually override it, put the number in, and then having to file a paper return (DO NOT USE THIS GARBAGE SOFTWARE IF YOU HAVE A FORM 8801). I detest Turbotax, but it's lightyears ahead of this...
I've learnt my lesson, next year TuboTax and the programmers who wrote TaxCut should get carpel tunnel syndrome!
"Taxes Made Easy", Decided to do my own taxes this year for the first time using this software and couldn't be happier. It installed without a hitch and updated seemlessly straight from the program. Took all od two minutes to update and I was on my way.
This walked me through my federal and state tax forms very easily, and helped me find every last deduction that was possible to apply. The "Interview" style of the questions were clear and easy to understand, and the program makes it easy to flip back and forward in case you missed something, or the program finds an error on a tax form.
Everything is laid out for you and at your finger tips. The Help Guide is easy to understand, the forms included are plentiful, and all information is updated. You can update as you go along, or update the entire program upon install. The latter worked great for me. The program will still ask you to update a few times. But just skip it. If you click update you will just get a message saying the program is fully updated. I clicked once just to be sure. I was good. Great deal.
I live in California and couldn't file electronically because according to the program the state does not allow e filing for returns with addresses more then 30 characters long. Mine has only 25, but still no go. Unless they mean the entire address, city included. Which would seem weird. But it's really not a problem because the forms print out perfectly and ready to go, so I can just send them in. And this year I owe the state $5, so the $15.95 charge to e file would of exceeded my tax debt. So better to send it snail mail, anyway.
The federal portion was e filed no problem, and the program assures you every step of the way that everything is official and secure. Which is good for peace of mind. It's $15.95 to file and an additional $12.95 for the third party service that actually does the filing. But one federal e file rebate is included with the package. So my final cost for e filing was just $12.95. If you e file state it will be $15.95 more. Still a pretty good deal. And MS Money Standard is included by mail in coupon.
Pick this up, actually read the Help file at the end of the federal and state install (it addresses many of the issues some of these people are complaining about) and get your taxes done right. I'm actually getting a return this year. Last year using an accountant I had to pay. Thank you H&R Block TaxCut! :)
"tax cut 2005+state", NOT PERFECT, BUT FAR BETTER THAN "TURBOTAX". I HAD TO DOWNLOAD THE "UPGRADES" TO GET IT TO WORK. IT IS FAIRLY SIMPLE TO USE AND IT DID MY "K-1" INVESTMENT STUFF EXCEPT THAT IT LEFT OUT 2 (SIMPLE) 'REQUIRED FEDERAL FORMS (WHICH I DID BY HAND). THE STATE (MINN) PART WAS OK, EXCEPT I COULD NOT GET IT TO DEDUCT MY INTEREST FROM INCOME FROM US TREASURY BOND FUNDS. (NOT TAXABLE IN MANY STATES). THE MINN FORM IS SIMPLE AND I COMPLETED IT MANUALLY. NOTE: TO DOWNLOAD THE UPGRADES I HAD TO "DISABLE" MY NORTON FIREWALL.
"Unresolved problems", Taxcut 2005 crashes when entering data on some forms. Yes. Microsoft Crash analysis reports: If this problem continues to occur with the latest product updates for TaxCut, we recommend you obtain assistance and troubleshooting information directly from H&R Block.
There are no recent updates, and technical support at H&R Block responds: "I understand that you are having concerns regarding Schedule K-1. Let me help you with that. I recommend that you update your software either by using the auto-update function or by manually downloading it from the website, www.taxcut.com. You may do this by keying in "updates" in the search tool." This after I informed them that I had already done so.
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