The TaxCut Premium Federal and State Software from H&R Block is a tax preparation program that gives you the tools necessary to prepare and file your federal and state income tax returns. The software supports filing via 1040EZ and Schedule C, allowing you to use it for home or business use. It is delivered on a 256 MB USB flash drive, allowing you to store tax information in an easily portable format. TaxCut is an excellent tool to help you prepare your income taxes.
Step-by-Step Interview and File Import
The software features a step-by-step interview wizard that walks you through the return process and propagates the appropriate forms based on your answers. It even supports the import of existing data from TaxCut, Turbo Tax, Quicken, Microsoft Money, H&R Block DeductionPro and ItsDeductible software.
Deduction Tools
TaxCut features tools to help you maximize deductions. The software delivers customized tax advice specifically relating to charitable donations and itemized deductions. This helps you get the most money back on your return possible.
Business Features
The software includes Schedule C forms for self-employed, home office, rental property and depreciation assistance purposes. A business expense assistant is also available to ensure that you are getting the most business deductions possible.