Win A Copy of TaxCut Tax Prep Software

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TaxCutLast week, through the generosity of Home Depot, Crystal B. won herself a $100 Home Depot gift card. This week, we have H&R Block’s TaxCut to thank as we start preparing for year end tax moves that can save us big bucks come April 15th. (Beyond this all I have are books, unless a company steps up for the holidays!)

The fine folks at TaxCut are giving away two copies of their software to BFP readers. Why are they doing this? Well in part because it’s near the end of the year so people have tax planning on the brain and because they’re not dummies, they see TurboTax getting absolutely slammed on for their pricing changes. Either way, you are the beneficiary because you have a chance to win one of two copies.

I’ve reviewed both products in the past and have used both products in the past, if you’re a huge TurboTax fan, TaxCut isn’t that different outside of some color changes. The bottom line is that both follow the tax code, both will find you deductions to save you money, and both will save you some gray hairs on your way to April 15th. The biggest advantage TaxCut has over TurboTax, from what I can see, is that you can prepare as many returns and print as many as you want with the software. E-filing, which is the best method out there if you want your tax rebate faster, costs ten bones a piece.

Now, before you enter, please check to see if you qualify for free tax preparation because if you can get it for free, there’s no sense trying to win software where you have to pay $10 to e-file.

If you can’t get it for free, simply leave a comment below with a tax-related story and I’ll select a winner for the first copy. The story can be some tax mistake you made, a gripe you have with TaxCut or TurboTax, your best tax tip, or something else tax related (jokes are always popular!). You will also be competing against email subscribers, who are entered in all contests. If you subscribe via email, you’ll have the chance to get two entries into the contest.

For the second copy, you’ll have to join Twitter, follow me, and @bargainr me a tax related story (same types as above). Please be sure to include #BFPtaxcut in the message so I can find it easily on search. Of those tips, I’ll select a second winner.

Here’s an example message (is this a joke or a tip? you decide!):

@bargainr #BFPtaxcut Don’t earn money and you don’t pay any taxes!

This contest will be running through the weekend until next 5PM Monday, December 22nd, when I’ll select two winners. Void where prohibited. Good luck!

If you’re in the contest mood, ChristianPF is giving away a ton of stuff including two iPods, two copies of TaxCut, spatulas, books… and a partridge in a pear tree.

{ 28 comments, please add your thoughts now! }

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28 Responses to “Win A Copy of TaxCut Tax Prep Software”

  1. DH says:

    I am a recent graduate who has been working for a bit more than a year now. Having a job in my field involved moving to a much more expensive city than my home town. I had no concept of how to do taxes and paid almost $300 to have H&R Block prepare my return. I felt pretty ridiculous about paying that much money to watch someone fill in numbers on something that looked like the software you’re giving away today. I am entering to win this software so I do not fall victim again to a tax preparer.

  2. Rich Fantozzi says:

    Here is my worst tax story.
    I has just graduated college and had joined a company where a large part of my compensation was stock options. Of course up to that point I was a 1040 EZ filer and never had to worry about anything more that making sure I copied the numbers down correctly and my math was correct. So that year I exercised some stock options and wasn’t quite sure what I needed to do on my taxes. I went to HR Block and sat there for over an hour and a half while I went through my taxes with them and they entered my information. We then came to my stock options, they didn’t know what to do, how to enter it into there system. They asked different people in the office, tried a few things finally I went around the desk and looked at there program (I was a computer science major, maybe I could figure it out). I realized they where basically using a souped up version of there tax software to do my taxes. Well I just thanked, gathered all my documents and walked over to a store in the the Mall and bought my self a copy of Tax Cut (even though at the time I believe it was more expensive than Turbo Tax). And every year since then I have used Tax Cut.

  3. Tax Bill A-Coming says:

    Well, my wife started a new job this year after graduating from law school.

    And after looking at both of our latest paychecks I estimate that we owe Uncle Sam around $2-7k come April.

    Would prefer to know more precisely how much I will owe so that I can prepare…

  4. Emily Lauren says:

    The most frustrating tax story for me was when I started my new job last year — when I went to file taxes I found that they listed that I worked in a different state for part of the year. This wasn’t true and I ended up paying state tax to KY. I did get some of that back (and could probably have made a big fuss and lots of time and stress to get it fixed)… but I was running nearly-late to file, anyway.

    I’m glad I’m more on top of the ball this year. No more mistakes, I hope!

  5. Bob says:

    Did you know that TaxCut did not have an export to Adobe PDF feature in 2006. So I have a pdf copy of all my prior year returns except for 2006. Wonder how they missed that feature which I think is important.

  6. Lowry Stiles says:

    I still don’t know why you have to pay upfront for tax preparation software. There is a deduction that they all present near the end where you can deduct the cost of tax-preparation fees or software. Since most are filing electronically (otherwise, why use the software… just use the forms), they can deduct their fees from the returns, and collect on the back end through the IRS’ free-file kickbacks.

    Anyway, I’d love to win a copy of this, as I’ve never tried TaxCut (other than watching the H&R Block “experts” click their way through such an easy setup.

  7. Jun says:

    Thank you for your kindness.

  8. Eric N. says:

    A lot of people claim differences between TurboTax and TaxCut but I’ve used both and can’t see them whatsoever. Maybe I’m just oblivious…..anyhow, I think tax preparation software is great because it’s low cost and teaches you along the way what to look for. So if you ever use an accountant, at least you know the basics and can double check the work.

  9. sac says:

    I just closed on a duplex and my tax prep skill for this are in much need of assistance. This would be a good start.

  10. Jessica says:

    Despite making over $140k a year, I am still a 1040EZ. I just can’t quite seem to eke out enough deductions to get me even cose to being above the standard deduction. It’d probably help if I didn’t live with my fiancee (for free) and had some investments other than my 401k. I’d also like to take this opportunity to complain about not being able to deduct student loan interest once you make over a certain amount per year. The only good news is I won’t even have that to complain about next year since I paid off my last loan yesterday (also why I don’t have real estate investments just yet to help get me out of the 1040EZ camp).

    You don’t need to put me down for the free software since I’ll just use the free online version of Tax Act (with free e-file!) for my ultra simple taxes. Just wanted to share my tax situation. I’m sure everyone who has benefitted from financial bailout are all thanking me for being a main contributor to their year end bonuses.

    • Ryan says:

      Holy shit, are you really complaining because you can’t save a few extra bucks on your taxes? You live for free, probably max out your 401k/IRA, and make over $140k a year…shut your mouth!

  11. Jeff S says:

    Terrible joke, but I want the free tax software.

    How do you know you’ve met a good tax accountant?
    He has a loophole named after him.

  12. Ben V says:

    How about this for a tax story? Last year my wife’s HR department made a mistake and accidentally stopped withholding taxes from April onward after she received her raise. It must have been some goof up on the part of the person inputting her raise.

    Her checks got bigger and she just thought it was the raise boosting her take home pay. We discovered the “little oops” when we filed our taxes in March. Between financing the tax bill along with the back interest and penalties paid to the IRS it will take quite a few years before we break even from her last raise.

    The best part is that she originally blamed ME for doing her taxes wrong and making us pay more. She eventually did realize the error of her ways, but it would sure be nice to have a program do our taxes for us this year!

  13. Adrian says:

    Last year was the last time I can be claimed as a dependent on my parents’ taxes since they paid for part of my college expenses. Well, last year was also the year of the wonderful $600 dollar stimulus checks. Well, as I filed my taxes online I saw that my return was going to be a stupendous $650 dollars. And then, I found out that I was going to be claimed as a dependent and it dropped to $10 dollars AND as a result I didn’t get a stimulus check. If that wasn’t bad enough I owed money on my state tax return. I can’t really blame my parents, I would do the same, but talk about terrible timing!

  14. Anonymous says:

    Ben V: Wow – Could you not get the company to at least cover the penalties and back interest? They screwed up, not you…

  15. Dom says:

    I was audited two years ago because I thought that I’d try to do my taxes myself. Unfortunately, I didn’t include a 1099-MISC as taxable income (it was from a federal grant for educational purposes and supposedly not taxable) and ended up underpaying by a few thousand dollars. I’d consider myself a personal finance junky and bold enough to try anything, but the complicated worksheets and archaic rules of our federal tax code put a considerable amount of risk on do-it-yourselfers. As such, I’d love to not to have to relive the whole process of finding a tax attorney and reconciling with a 1040X just to please the tax gods.

    Thanks for considering me in the contest!

  16. In 2006, I waited to do our 2005 taxes until the last minute and everything that could go wrong, did. I sat down on Sunday the 16th and the first thing that went wrong was I discovered my W2 – which I’d been carrying around in my purse for months – was missing. My boss still types our paychecks on an old Brother word processor and does not include year to date totals, so I couldn’t determine how much I’d made by looking at paystubs. I finally found the forms I’d penciled in several weeks earlier for the amounts. I didn’t use to work Mondays, so was home to continue the next morning. I qualified for free online federal filing, but not for state. I submitted the federal finally, and decided to send the state forms by snail mail. My printer chose this time to run out of ink. I finally got an old fax machine to work and printed out the forms. I know the post office stays open until midnight on tax day, but when I called I discovered the nearest one was 48 miles away! Then I remembered I couldn’t mail it anyway, without having the W2s to attach. I decided to suck it up and pay the $30 to submit my state taxes online, but was given a message that my federal taxes hadn’t been accepted yet, so I couldn’t do anything more for 24-36 hours. Next I tried another place online, only to discover I couldn’t find my previous year tax information (the other site had all my data from when I used it the previous year). But then I checked my email and found the first company had already charged me $30 for filing my state taxes. In desperation I called the customer service number and found that my federal tax application had been accepted even though 24-36 hours hadn’t passed, I could now go back online and file my state taxes. By that time I was never so happy to pay $30 to submit my taxes on time. I swore I’d never pay my taxes late again. The next year I filed an extension! I hope taxes in 2009 are much less eventful!

  17. skylog says:

    thank you for the opportunity and the great blog.

    although i have a few “tax stories” i will just thank you for offering this software, as it seems turbo tax has gotten even more ridiculous this year. i am sure everyone remembers the debacle of a few years ago when turbo tax placed all kinds of crippling copy protection and install limitations on their software hurting legitimate owners of the product. well…they are at it again, this time raising the price from 44.95 to 59.95 AND charging users an additional 9.95 for each printed return, whereas in previous versions they were allowed to prepare 5 returns. to make matters worse, the only notice of these changes is in “fine print” on the back of the box. thanks….but no thanks.

    thankfully, i have been using this software for years and i hope to be doing so with a free copy this tax season.

    thank you again.

  18. Reva Skie says:

    I know my husband is glad that I am no longer self employed. He hated all the hassle of waiting and filing for the business end of the taxes.

  19. KT says:

    We file two returns in our household, so I followed your link to Amazon to read about the new charge. Turbo Tax took such a beating from the Amazon comments that they are now saying that Turbo Tax has decided to NOT charge the $10 extra filing fee afterall! There’s nothing quite like a public outcry! It bugs me that they even tried, so I’m now interested in trying TaxCut. I’m a long time user of Turbo Tax, I think in part because I thought it would be harder to switch to a new program, and it’s also easy to just get in a rut and go with the familiar, which is probably what they hope will happen.

  20. David says:

    I just wanted to let everyone know that TaxCut now includes 5 free e-files.

  21. Lou says:

    At age 66, i have a L-o-o-ong history with the IRS. In the 70’s my husband & I had a series of expensive illnesses. We were audited 7 years in a row – based, we thought, on our medical deductions. Every year, in preparing for the audit visit, we found paperwork we had overlooked and every year, they owed us a bigger refund than we had claimed on initially filing! Then I moved out of state for a great job that turned out to be a dud. After I changed jobs again (and my husband finally found a job in out new state), I got called in by my new company’s CFO. I had been on my new job about 2 months & the IRS had garnished my wages, claiming I had not even filed. Turned out we had filed jointly in our previous state of residence, it was in a different IRS region,and my husband’s SSN was first listed, so they “had no record of the wife’s filing.” What with tracking down the problem, re-sending a copy of the return to the regional center where we now resided, I spent hours — and the CFO never really trusted me.

  22. MW says:

    Well I have used turbo tax for many years and actually love it. I don’t like the fact that they think they can up their price so fast in these trying times we are in.
    I have actually worked less this year than anytime sense I was 16, (not a joke…that was many years ago) I have never used H&R Block or anyone else to do my taxes. I have always done mine and a few others every year for a long time. When Turbo Tax was introduced it made my work load so much easier and I have used it every year sense with no real issues. I actually would like to see what the competion has to offer. I am planning on doing more taxes this year to make up some of my lost wages while I am laid off. I would be happy to review this product for your site after I do a few peoples taxes if I am chosen….Thanks

  23. stacey moore says:

    we were audited this year and they said we owed over $8,000! after researching we were able to find an law that saved us! it all had to do with part of our student loans being repaid by our state. we normally use turbo tax so we would love to try this!

  24. Samir says:

    Will love to get a copy to prepare my 2008 taxes.

  25. saladdin says:

    Anyone audited 7 years in a row like Lou should get all the freebies possible.


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