You’ve probably heard that 51% of Americans don’t pay federal income tax, and many end up getting paid by the IRS. But if you are an EB2/EB3 immigrant waiting for green card, you most likely belong to the other 49%. Oops!
I don’t remember how much taxes I paid over the years, but I do recall the pain every year before April 15. So today when I saw a hot deal on Amazon’s tax software, I jumped on it. Now, I may still find other excuses to procrastinate, but at least shopping for a tax program can’t be one.
I have been using tax software and e-filing for nearly 10 years, mostly TaxCut (now called H&R Block at Home – quite intuitive, huh?) but for a couple years I did try TurboTax. I never had an accountant do my taxes before, although some friends strongly recommend it. Maybe some day I’ll give it a shot. I only know one person that still fills out paper forms and does calculations by hand, so he is my hero.
There are two major commercial tax programs on the market: TurboTax and TaxCut (H&R Block at Home), with TaxAct being a third option. They are priced pretty much in that order, from high to low. They can all import last year’s tax returns, as well as financial data from certain institutions. They are somewhat cross-compatible. There are many articles on the Internet to compare the three, but my personal experience is that they all get the job done. You may prefer one’s user interface, or certain features, more than the others. For me I started with TaxCut and found no reason to switch. Continue reading “It is Tax Time Again”