Doing my taxes without the help of this easy-to-use software would have ruined/eaten up my weekend! Keeps accurate track of a lot of complicated carryovers from previous years.
Pros: Easy to prepare, Easy to import documents, Fast
Need better instructions for resubmitting tax form
on March 31, 2022
Posted by: Michele Ault
from Reisterstown MD
Disappointed with the process of resubmitting a tax form. After figuring out why IRS rejected the transmission it wasn’t easily explained on resubmitting them. The state form I had to pay to submit and that was placed on hold. Software doesn’t explain whether to resubmit or wait for IRS to accept the federal.
I am 83. used to have a small tax service and now out of date. so I used the Block kit. Got everything done in one day. very easy and user friendly. thanks.
Review of H&R Block Deluxe Tax Software 2020 (Fede
on March 31, 2022
Posted by: JPEP04
from Hampton, VA
Purchased in March 2021 to use as a check against IRS's Calculation of 2020 Tax. The Software is easy to install and use (Windows version). The only problem I encountered was with how the software handled Capital gains entry on Form 8949. The final printout had All Short-Term gains erroneously show with box B checked; the correct entry is Box A. The L-T gains erroneously showed all gains with Box E checked: the correct entries should have shown some with Box D checked mand some with Box E checked. This resulted in erroneous entries in Schedule D part I and Part II. Part I should be Line 1b (Box A), but the printout used Line 2 (Box B). Part II should show gain in both line 8b (Box A) and 9 (Box E), but it showed all gain in Line 2.
Makes it very easy to complete a 1040-SR with many imported 1099-Bs. There is a possible error in the way it computes next year's estimated tax payments if you select the safe harbor method (100% or 110% of 2021 liability). The user is asked only for withholding and estimated payments to date, and ignores projected withholding for the rest of 2022, resulting in an estimated payment that is too high.
Pros: Easy to prepare, Easy to import documents, Fast
I bought the program and tried to file my taxes early because I had a big refund due. H&R Block failed to disclose at the time of purchase that their program is deficient and can not import financial data regarding sales of stocks/bonds from several financial institutions. The update came in late march. I would not have purchased this software if I knew I have to wait two months for H&R Block to update their program.
This year my taxes were more complicated. It included the normal Income, deductions, rental property, etc. I also had sale of rental property and a (K-1 2K-1) for an estate adjustment. The Software handled it with little ease and allowed me to attach forms when I filed electronically.
Pros: Easy to prepare, Easy to import documents, Fast