10/7/2023 0 Comments Turbotax vs h r blockDifferent preparers ask questions differently, and if you think about it, all it's trying to figure out is what box to check or how to fill out the form. I got the same exact number, but to me I had to be REALLY careful in answering all the questions. To prove to everyone it was the exact same thing as using TurboTax, I did my taxes TWICE. I remember in 2019 or 2020 when Reddit was all about Credit Karma. It's likely how OP answered a question here or there. TurboTax and H&R Block are both major tax preparer software that should work completely fine for the vast majority of people. I don't think the issue is the tax preparer. I have double checked the forms I have put in such as 1099-SA, R, INT, and my W-2's and I have no idea what is different between TurboTax and H&R block that causes my federal numbers to vary that wildly. Even when factoring in things such as another Traditional-Roth conversion for this year I will still owe like ~500 on my federal return whereas H&R block will give me a refund as high as ~1k, and I have no idea why. The difference is most notable when importing my 1099-R (from a Traditional-Roth IRA conversion) into TurboTax which would cause the amount of federal money I owe to shoot up by like ~1k. I ran my documents such as my W2's and 1099's through both services to get estimates as to what I would be re-funded/owe, and TurboTax is giving me vastly different numbers (i.e., saying that I will owe federal money as opposed to H&R Block which says I will get a federal refund). I'm in the midst of filing my taxes on my own for the first time, and trying to find which service between TurboTax and H&R block work best for me. Here, please treat others with respect, stay on-topic, and avoid self-promotion.Īlways do your own research before acting on any information or advice that you read on Reddit. Get your financial house in order, learn how to better manage your money, and invest for your future. Banking Megathread: FDIC, NCUA, and your cash.Private communication is not safe on Reddit. Scam alert: Ignore any private messages or chat requests.
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