H&R Block TaxCut 2014 Review

October, 2024

Overview

It’s that time of year again.  Looking for a quick and easy way to prepare and submit taxes?  Prefer to avoid the headache and hassle of staying up to date on all the changes to tax law?  Look no further than H&R Block At Home’s tax preparation software, formerly known as TaxCut.

Whether filers prefer online filing or downloading software for Windows or Mac, a quick questionnaire helps ensure confidence in knowing which version should be utilized.  Via a simple point and click system, filers help select the best option for their unique situation by choosing their filing and dependent status, as well as helping the website determine complexities related to home ownership, investment income, self employment income, or rental property income. 

Whether a first time 1040EZ filer or a small business owner with capital gains and rental property income, there is an H&R Block At Home tax preparation option for everyone. Considering the time and energy involved in going to an appointment with a tax professional, with free e-file, H&R Block’s maximum refund guarantee, and H&R Block’s maximum accuracy guarantee, there is no other tax preparation option to consider than H&R Block At Home.

For extra peace of mind, H&R Block At Home also offers free technical support (via phone or real-time chat) the capacity to store and access tax returns for 6 years, and free audit support, if necessary. Regardless of which version is chosen, state tax returns can also be filed for an additional fee.

Some of the features of this great program are automatic imports of W2s, 1099s, investment documents, and last year’s tax return from H&R Block, TurboTax® or Quicken® software.  Also, users may opt for portions of their federal refunds to be utilized toward the purchase of e-gift cards in $100 increments from participating retailers, like REI, Overstock.com, Golfsmith, and many others.  Depending on which program used, H&R Block will add an extra 5% to that amount if you are using Federal Free Edition or Basic and an extra 10% to that amount if you are using Deluxe, Premium, or Premium & Business. 

H&R Block 2014 Comparison

H&R Block Free - First time tax filers with the simplest of returns can take advantage of this extremely easy to use option with free tax preparation, free printing, and free e-file.  So user friendly, H&R Block Free even offers automatic import of W2s so the novice has additional confidence that everything is entered correctly.  Refund Reveal™ shows how and why refund amount increases or decreases as returns are prepared.  And, filers can check their e-file status after submitting federal and state returns.

H&R Block At Home Basic - Best for simple tax situations

By H&R Block’s definition, simple tax returns exclude self-employment income (Schedule C), capital gains and losses (Schedule D), rental and royalty income (Schedule E), farm income (Schedule F) shareholder/partnership income or loss (Schedule K-1), and earned income credit (Schedule EIC).  Users of this version can import 1099s and last year’s tax return from H&R Block®, TurboTax® and TaxAct

H&R Block At Home Deluxe - Best for homeowners or investors

Homeowners and others taxpayers who do not use the standard deduction, but instead itemize (due to large amounts of charitable giving, medical expenses, etc.) can file their taxes with this easy to use version.  The software guides users through reporting investment and dividend income as well as Schedule A itemization such as home mortgage interest, valuation of charitable contributions, etc.

H&R Block At Home Premium - Self-employed / rental property owners

This version allows self employed filers to maximize deductions on their Schedule C. For rental property income, the software guides through each step of the Schedule E to highlight deductions that owners may not be aware of. Finally, the Premium version helps filers determine the cost basis of home sale, dividends, and gift or inheritance assets, if applicable.

Premium and Business - Small business owners

This version is best for Corporate, Partnership, and LLC returns.  Filers can access payroll and employer forms with this version. H&R Block Premium and Business allows entrepreneurs to utilize one personal and an unlimited number of business state tax program downloads.

Each version of H&R Block At Home's tax preparation software offers relevant answers to commonly asked questions throughout the preparation of the tax return, while Refund Reveal shows filers how and why their refund amount increases or decreases throughout the preparation of their tax return.  When the return is complete, H&R Block runs an accuracy review to ensure any detected problems are fixed prior to e-filing and audit support is available if needed. For these reasons, taxpayers find user friendly tax preparation software in H&R Block At Home.