TurboTax vs H&R Block at Home

Are you ready for tax season? If you’re looking for tax preparation software, you should take a look at this recent article in the New York Times comparing TurboTax and H&R Block at Home. The makers of the software stress different benefits.

The two companies go to great lengths to try to distinguish their programs. Block stresses the backup provided by its nationwide network of professional tax preparers. Buyers of its Premium edition can receive a phone consultation with a Block staffer. The company will also provide the help of an enrolled agent — someone trained specifically to prepare returns and represent taxpayers before the I.R.S. — if a customer is audited.

Intuit, in contrast, emphasizes the ease with which TurboTax dovetails with other sources of financial data. Quicken users, for example, can transfer all of their information into the program with a couple of clicks.

Read the full article and see which is best for you.


Intuit buys Mint.com

Mint.com offers free online tools to manage your money, and it’s been a huge success. Intuit decided to pull the trigger and buy it.

Intuit is buying Mint.com for $170 million in cash, in a deal that gives it control of a startup that had disrupted its dominance in personal money management software with a free online alternative. Intuit, which sells Quicken, and Mint had been in a tight race in the online personal finance market, with both companies claiming more than one million active users of their online products. Last fall, Intuit dropped the $2.99 a month subscription fee that it was charging for Quicken Online, partly in order to better compete with Mint. Intuit says it will now offer both services separately, although it says Mint will be the “primary online personal finance management service” it will offer to consumers.

Both sites make money by referring users to financial services like credit cards and credit counseling services. I guess the free service model still works!


Related Posts