Online Tax Preparation and Filing FAQ

Frequently Asked Questions about Online Tax Preparation and Filing

    Can I import financial data from Quicken or similar software into the web based tax preparation tools?

    Some online tax preparation services do allow you to import your financial data, while others require you to type or paste your financial information. TurboTax imports financial data from Quicken, QuickBooks and ItsDeductible Online 2008, as well as any program that creates .txf files. H&R Block will import data from Microsoft Money, Quicken and DeductionPro, as well as importing last year's tax return information from TaxCut or TurboTax. You can also import data from financial institutions, such as your bank, brokerage firm or payroll provider.

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Top Tax Preparation Services

H&R Block

Bottom line: Best overall service provider due to Free Federal Return, good support and audit protection; 15% discount on all plans
TurboTax

Bottom line: Easiest to use service with best online deduction finder tools and excellent support
TaxACT

Bottom line: Great value for online tax preparation and filing but lacks audit protection
eSmart Tax

Bottom line: Standard service with a few cool extras, including a Maximum Refund Guarantee
TaxBrain

Bottom line: Solid, streamlined service but interface and pricing are a bit confusing
FreeTaxUSA

Bottom line: Unbeatable price covers everything from free to complex returns, but limited support options and audit protection requires an upgrade
TaxSimple

Bottom line: Very limited support and spotty service availability; not recommended

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