Rating: 
Summary: Troubling with this product
Review: I bought this one because of the reviews it's received here. However, my road is not quite smooth as advertised. Since I'm living in New Jersey and hence there are two mandatory contributions (SDI and UI) by the state which show in the W-2 form. However, this software doesn't carry over all those two items into the "state and local taxes" section of Schedule A for itemized deductions, instead it only considers only one of them. I called the technical support (who was professional and responsible by the way:-) and it ended up with manually enterring the missing one there. However, after I entered that, my federal tax return got screwed up with some riduculous numbers. It didn't help even after I chose "Recalculate" menu from the "Tools" and I had to shut it down and restart it. After navigating my tax summary, all the sudden it corrected itself. I have no ideas regarding what was going on underneath but am just worried about its accuracy if I continue to use the products of the same family. The print-out is not quite well because all the enterred number are in regular instead of bold font. I've decided to not go with this product....
Rating: 
Summary: Performs wrong tax calculations
Review: When carrying over prior year capital losses, it treats the losses as income, and slaps hefty AMT on you.
For example, say, you had a loss of $100,000. It basically adds that $100K to your ordinary income and asks you to pay AMT. I was shocked to see a tax bill of ober $60,000 - thanks to TaxCut.How many other such mistakes are there, who knows?
Rating: 
Summary: No good options this year
Review: Having happily used TurboTax for several years, this year I switched to TaxCut because of the onerous spyware and activation in Intuit's product. I simply refuse to allow programs to make unauthorized and stealthy changes to my computer like Intuit has TurboTax doing this year. But the cure may have been worse than the disease. I encountered several bugs in TaxCut:
1. If you have more than 24 lines' worth of Schedule D info to carry over to your state form, it spills onto a "Copy 2" that is invisible unless you look hard. This made my state numbers seem wrong.
2. Like others, I ran into the problem where TaxCut links your state of residence with the state on your first W-2 form. This makes it impossible to file, at least electronically.
3. There were several places in the interview where the dialogue at the top came to wrong conclusions, e.g. it claimed that I had made an IRA withdrawal which I had not, and several other similar things. This makes me wonder if I entered something incorrectly somewhere.
4. The "Take Me To..." checklist shows many items as still needing completion when they are actually done. This feature is useless. So: I don't trust TaxCut, and TurboTax messes up your system - there are no good options this year. Paying tax is bad enough without having to choose between the devil and the deep blue sea.
Rating:
Summary: Next year its back to Turbo Tax for me!!
Review: Yikes! This was a nightmare for me. I thought I'd try TaxCut out this year and I'm sorry I did. I used Turbo Tax last year and I felt as though I always knew what was being done, but this was not so for TaxCut. TaxCut never showed me the final form until I searched all over the software to find the right link.
I recommend Turbo Tax whole heartedly!
Rating:
Summary: OK for Tax Prep, but Terrible for Updates and E-Filing
Review: I bought TaxCut after hearing all the concerns about changes to TurboTax this year. This was a mistake. The TaxCut software is simply unable to cope with a home network and with a proxy server and a firewall. I had to perform updates manually by going to the TaxCut website, and when I had successfully finished my return, I simply could not e-file and had to file the slow and old-fashioned way -- with a paper return. I plan to go back to TurboTax next year! I never had such problems with TurboTax.
Rating:
Summary: Turbo Tax can raid my bank account I wont complain!
Review: I used TaxCut five years ago to file my taxes and found its interface awkward and hard to use. I have been an avid Turbo Tax user for the past four years. This year's version of Turbo Tax has added spyware code that sends information to the company about your computer even after you have uninstalled it. So I thought I would go back to TaxCut and give it a try again. BIG MISTAKE! Tax Cut will not load properly if you have a home network, cable modem, or virus software. I found this out after completing my entire tax form and attempting to e-file my return. For some reason the program had changed all of my address and zip code information erroneously. After giving tech support way too much personal data they suggested I totally uninstall the product, disconnect my network, unplug my modem, turn off my virus software and dial in via modem.... then re-type my entire return in again. Did that and then could not e-file. After two more calls to support it was determined that TaxCut could not complete an e-filing successfully. I was told by the support staff that my State did not support e-filing, but I have filled electronically many times in the past with Turbo Tax, like I will do next year!
Rating:
Summary: ...programmers!
Review: ...This program is buggy. If not because of the turbo tax bashing issues, I would have sticked with them.
The numbers for the returns are off the display boxes. Then, if you want to mail the state form manually, the grid that has all your stock information DOES NOT get expand automatically to show the name of the company. Hence, I had to use a pen to rectify this problem. My suggestion is make sure you print out your tax forms and check them. Who knows what else is in there. Who knows what else is buggy in this software...
Rating:
Summary: don't buy this product
Review: I tried TaxCut this year after years of using Turbo Tax. It turne d out to be a massive exercise in frustration. I was prompted to get the latest tax forms, and the download locked up. Tech support told me to update my Windows XP, which took hours. Result: download still locked up. Then tech support told me that I had to de-install Internet Explorer 6.0 and get an older, obsolete version of Explorer to do the download. Degrade my system in order to get files for their program, which they should have fixed over a year ago? No, thanks! Instead of saving time with TaxCut, I wasted 10 hours (and waited two days for tech support), and missed a filing deadline for college financial aid for my daughter. My recommendation: DON'T buy this program.
Rating:
Summary: TaxCut is horrible!
Review: I decided I would try TaxCut this year instead of Turbo Tax since it had so much bad publicity. Well TaxCut was a big mistake. It was very confusing to use and would constantly come up with different refund ammounts every time I opened the program, even after saving it! I called tech support and they gave me the "Well its not us, it must be you" answer. I WILL NOT BE PURCHASING TAXCUT NEXT YEAR!! I will most likely go back to Turbo Tax, which served me very good the last three years. Hopefully Turbo Tax gets their act together and changes things for next year because TAXCUT IS HORRIBLE!!
Rating: 
Summary: Very easy to use
Review: I used TurboTax for years, but after reading the reviews
regarding the spyware on TurboTax, and many good reviews for TaxCut, I went for TaxCut. Not sorry I switched (really switched
back as I used TaxCut years ago). Only complaints might be - heavy advertising of H&R block services
(are you sure you can handle this on your own ?). Seems like
a conflict of interest (don't make it too obvious or we'll put
our tax prep business out of business). - Couldn't find any info on 1099-Q forms and how to report
that data ! - State tax - one form had to be obtained from state website.
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