This week I chose to discuss taxes and the do it yourself programs. It seems to be very popular these days that people are doing their own taxes online. E-filing is the way to get these days and instead of paying an arm and a leg for someone else to do them, why not do your own taxes yourself? I think the online websites that are offering these services are great if you know what you are doing. I personally have used the Taxact program. There is also Turbotax and the new H & R Block online services you can use for free.
I am an Accounting major and I love to do taxes. I do not like the long form and I personally think that these programs are good and very easy to understand and use. I also think that more and more people are using these in this day and age because they can’t afford to lose a few hundred dollars for someone else doing their taxes. The funny thing is, if you do them yourself and save the few hundred dollars, you will get your money back in the same amount of time. So, why would anybody in their right mind waste the gas to get to a company and have them file for you when you can sit down at your very own computer and enter the same information in and get the same results?
I think that within a few years these companies that offer their services will lose over half of their clientele. This will solely be due to these online programs becoming more and more popular today. These programs are saving people hundreds of dollars and I am all for saving money in this economy.
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