The further declining value of Turbotax and Quicken

Last year I posted a rant on the declining value of Turbotax and Quicken. I just finished filing my taxes for the 2008 tax year and thought I’d write a quick follow up after sticking to my guns for the 2008 year.

Summary:

  • I dropped Quicken altogether. I switched to an Open Source Free program called GnuCash. This might not be for everyone, but for me personally, I love it. You can review yourself some of the GnuCash features if you like. I personally switched because of the way I was able to do Budgeting with GnuCash.
  • I dropped Turbotax this year too. A quick Google search before I started doing my taxes yielded a number of online tax services. The highest rated were Taxact and TurboTax. Because I had my previous years data in TurboTax, I went ahead and entered this year’s data. Then, I entered all my information into Taxact. I was pleasantly surprised that the numbers came out exactly the same. (They should, the forms are standard and it’s all just math basically.)

    So Taxact costs $16.95 for Federal + State and TurboTax costs ~$64.50. I will admit that some of the interface issues that TurboTax offers are a little nicer than Taxact, but for me, I’ll use the extra ~$50 somewhere else.