Larry Magid: Doing your taxes doesn’t have to be taxing

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Larry Magid: Doing your taxes doesn’t have to be taxing
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Many online resources and filing sites can provide many of the services you need

Tax day is rapidly approaching, so unless you decide to file an extension, you have just a few weeks to complete your 2023 return.Tax preparation programs aren’t for everyone. Some people have complex scenarios and can benefit from a professional service. Aside from complexities, there may be other reasons why it makes sense for some to have their taxes prepared professionally.

Unlike the web and mobile versions, the desktop version, that you buy in advance, allows you to view your tax forms, which, for me, is handy. The desktop version can also be used to file up to five federal returns and one state return, but if you share it with family members, others can pay to file their state return.

If you opt for the TurboTax desktop version, the biggest issue is which one to buy. If you buy directly from TurboTax, the price starts at $50 for the Basic version. There’s also an $80 Deluxe version for “maximizing your deductions” and a $115 Premium version for “investments and rental property. The $130 Home and Business version is recommended for self-employed or people managing rental properties. You can buy these for less at Amazon.com, Costco.

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