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TaxCut Standard 2002 offers many new features, like nine-year tax preview, Home Office Assistant, Retirement Savings Enhancer, and free H&R Block financial planners. In addition, you still get your favorite standard features such as auto entry and financial data imports. H&R Block financial planners assist you in determining if your investments support your financial goals and if your asset allocation matches your risk tolerance. You can also create what-if scenarios for future savings. Nine-year tax preview shows you all the ways that the tax legislation of 2001 will affect you now and in the future. Home Office Assistant walks you through a series of questions to see if your home office qualifies for tax purposes. Retirement Savings Enhancer provides ways to increase your tax and retirement savings to ensure you get the most out of your 401(k). The improved Error Check feature catches mistakes or omissions that could cost you money or flag your return for an IRS audit. Entry Manager tracks where your data originates, guides you to related forms, and itemizes your entries. It also allows you to flag entries as tentative, so you can go back and review them before you finalize your return. The H&R Block tax law assistant helps you understand the implications of changing tax laws, provides information about how the changes affect your taxes, and ensures you get the maximum tax benefit possible under the new laws. Auto entry automatically imports W-2 and 1099 information from participating employers and financial institutions. Auto entry saves you valuable time and prevents costly data entry errors, and makes it easy to deal with multiple W-2s.
| PLATFORM: | Windows 95, Windows 98, Windows NT, Windows Me, Windows NT 3.5, Windows NT 4 |
| CATEGORY: | Downloadable Software |
| MANUFACTURER: | HR Block Financial |
| FEATURES: | Download |
| TYPE: | Computer software (programs), Tax Preparation (Taxes), Electronic Downloadable Software (ESD), Download Computer programs, Finances (Finance), Taxes (Tax) |
| MEDIA: | Digital |
| # OF MEDIA: | 1 |
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TaxCut Standard 2002 Federal reviews by customers
 Not as smart as it should be.
My tax situation might be different than most, but I feel like it is still worth warning folks that this software doesn't know/do as much as TurboTax. I used TT for the last 2 years with no problem, but the reviews on the 2002 edition were terrible because you have to maintain an internet connection. So, I bought this - what a mistake. I have something on line 14 of my W2's for some stock options I cashed in. This program didn't understand what was going on and kept telling me I had a problem because line 1 & 5 didn't match. Then it tried to ding me twice by recording it as a Capital Gains on a Schedule D. Turbo tax understood that my Line 14 was related to my Capital Gains and handled it appropriately. Of course none of this should be so complicated that I have to trust a software program at all, but I guess that is the way it is... TaxCut may be fine if you have "routine" earnings and deductions, but I would worry that if it can't handle my situation and TurboTax can - what else can't it handle? Needless to say I am using TurboTax's online version this year. That was [a waste of money]...
 Seriously buggy---may cost me big time
This software has a serious bug that may cost me a great deal of money. My wife lived in Illinois for a year while I lived most of the year in California. In such a case, it is imperative that we file our Federal returns separately, otherwise Illinois will tax us on the money I earned in California! TaxCut not only didn't warn us of this, it incorrectly computed the Illinois taxes using the part-year resident form. This was in spite of my having specified that my wife was in Illinois the whole year, and in spite of it being very plainly stated on the Illinois form that under such circumstances, a couple filing jointly could not use the form! Unfortunately, I allowed TaxCut to e-file my return before I checked the state returns. Now I have to file an amendment. I was also unable to get any help from TaxCut's customer support to stop the e-filing before it went through. I'll never use their software again.
 Great product, easy to use, helped me get a bigger refund
I don't understand why the average customer review is only 3 stars. I've used this product for 3 years now, and found it very easy to use, efficient, accurate. It's less expensive than Turbo Tax, but just as good. This year, I tried using a free online service recommended by the IRS to do my taxes. After spending a few hours with it, I realized it lacked the ability to account for money I'd previously paid the IRS toward this year's tax bill. So I did what I should have done in the first place - got the latest TaxCut software and re-did my tax return (in half the time). TaxCut got me a bigger refund. My only reservation is that TaxCut charges a little more to E-file your return than the online service would have charged. But accounting for the bigger refund, I'm still way ahead. I'm sure TurboTax would be just as good for most people. But TaxCut costs less and works very, very well.
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