A Comprehensive Guide to the Pros and Cons of Turbotax Online vs Download 2015
Whenever it comes to going with a taxation software, people find themselves in a confusing situation because of one reason. There is this new feature called cloud based solutions where everything is done online while if you go for the physical disc version, you get to store everything locally but there’s the task to backup data from time to time.
For the frequently asked question on Turbotax online vs download 2015 edition, here’s a brief explanation of the pros and cons that should help you make your final decision.
How much does it cost?
Users who like to go with the Downloaded local edition of the Turbotax software can file returns for up to five different members in the same family. It can also be used for personal scenario where you may have to file both your state and federal taxes at the same time. The freedom to not have any charges levied for up to five members makes it an ideal solution for people in large families where at least three to five earning adult members exist.
Each one of them may not have to purchase a tax filing software individually which makes this desktop edition a viable option. The Turbotax online edition requires a return every time you sign in. For specific forms, including 1040 EZ and 1040 A there are no deductions applicable and is completely free when you use the digital version.
In terms of cost, the online edition is a great option for individuals while large families with multiple tax payers should go for the download disc edition. With the online version, you can easily file up to five state returns as well as one federal return whereas the efile allows five federal returns that also support three state returns for each filing. It also supports a single free state on all editions whereas each state is individually chargeable with e- filing in the online version.
The disc edition comes with a 60 day money back guarantee while a trial period is offered for the online edition.
Online vs Disc Edition System Requirements Comparison
A user has to have a moderately powered computer with a good internet connection for both version. Users have to take their own backups and store the data in their hard disk. If anything is lost, it is purely their responsibility in the disc edition whereas online Turbotax program saves automatic cloud backup every time you use it which is much more convenient for non-tech savvy people.
The download 2015 edition requires a physical computer in which the software has to be installed before an e-filing can be made whereas the online version allows you to file it from anywhere, on any device including iOS and Android devices using an app.
The latest versions of the forms and files will be downloaded only when you connect your computer to the internet. The online version is always up to date which makes it easier to start filing as soon as you login. A unique user id is mandatory to gain access whereas the computer you use is all you need when using turbotax download edition 2015.