Thursday, March 01, 2007

Tax Preparation Savings

With tax season fast approaching, it is a good idea now to start those tax returns. I normally purchase tax preparation software at Costco, but noticed two great deals from financial services companies:

1) Save 35% off TurboTax Online with Fidelity
Check out: http://personal.fidelity.com/planning/tax/tax_content.shtml



Or for those folks who prefer Taxcut:
2) Save 35% off H&R Block's TaxCut when paying with your American Express card
http://www.americanexpressofferzone.com/selects/OfferDetail.aspx?oid=38862&

I trust that there are more discounts for online tax preparation out there. I have heard great things about online tools, including the ability to pay once you finish your return (so you can test both to determine which one best suits your needs before purchasing).

Two reasons why you should consider packaged software (i.e. in a box at Staples/Costco) over the online offerings:
1) Can you save money by mailing in your form from the packaged software? (i.e. are the e-file fees for both federal and state sufficiently high to make the online package less attractive?)
2) Do you need a new copy of Quicken/Money? Often large retail stores will have good Mail in Rebates if you purchase Quicken/Money with TurboTax/Taxcut.

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