If you’re self-employed, own rental properties, or run your own business you know that taxes can be complicated. If you’re doing taxes yourself then you’ll need software to guide you through all of the deductions and taxes owed. TurboTax and H&R Block are by far the most popular tax software companies around and also the most popular for business owners doing their own taxes. This is why in this comparison we will go through all of the major factors to help you make a more informed choice on whether TurboTax or H&R Block is right for you when doing your taxes.
You can read our quick review below and find more in-depth information below that’s updated regularly.
Quick Comparison Review: If you’re self-employed or a small business owner looking for an all-in-one solution to help you get your taxes done then it’s hard to beat TurboTax. You will pay slightly more than H&R Block, but the ease of use and in-depth features make it worth it. Either way, you’re not going to go wrong with either top solution, but TurboTax pulls the slight win for now.
As far as pricing goes, H&R Block currently wins in this category with a price of almost half of what TurboTax charges for their online version. H&R Block’s Premium version is currently priced at $83 whereas TurboTax Self-Employed is at $89.99. They both then charge $36.99 for each state filing you need. Both services offer free federal filing which is the norm for tax preparation software.
Our pricing chart below shows how much it will cost you if you purchase the software needed along with one state filing. These are the current prices at the time of the article and can be subject to change.
- H&R Block Premium: $46.74 + $36.99 (per state filing) = $83.73
- TurboTax Self-Employed: $89.99 + $36.99 (per state filing) = $126.98
This means that overall H&R Block is going to be cheaper to purchase. Since most are dealing with thousands of dollars in taxes the total price being this much different shouldn’t be a huge factor as one deduction found by one provider or the other will change the total you spend on taxes significantly. So while H&R Block has their business tax preparation software cheaper than TurboTax we can’t say that this is a huge factor unless you’re already somewhat set on purchasing H&R Block.
Winner: H&R Block
Best For Rental Property
When you have rental property you’ll probably need some software help to make sure that you’re getting the best deductions as well as report the income correctly. Both TurboTax and Quickbooks have features for those who own rental property. TurboTax has their “Premier” edition which is more for just those with rental property and not an entire business whereas H&R Block’s software should do both.
TurboTax does seem to go more in-depth with helping you through the intricacies of deductions, depreciation and more. Every step of the way you’ll be asked simple questions to complex tax issues and it seems to go much smoother than H&R Block’s where you’re asked more general questions and have to fill out some sections where it can get somewhat confusing. This is why if you’re someone who just has rental property then TurboTax is that way to go.
Integration With Quickbooks, Xero, and Other Accounting Software
Integration and the ability to export from popular accounting software makes figuring out your taxes much easier and faster. You can export your data from major accounting software such as Quickbooks and Xero to be used with either TurboTax or H&R Block. TurboTax and Quickbooks are both owned by Intuit so there are some easier integrations, but overall the data can be easily saved from any major accounting software and imported into both.
What Devices Are They Available On?
Both TurboTax and H&R Block are available on most popular platforms. This includes desktop PC and Macs along with iPhone iPad, Android, and Amazon (Kindle) Fire. TurboTax also offers support for Chromebooks, but if you’re just using the online software then H&R Block should work as well without any problems. Since both do a great job at making sure you can use their software anywhere this is a tie.
Refund Options and Other:
Either way, you’re going to have a lot of options on how you receive your refund. This is another simple tie between the two as they offer essentially the same ways to get a refund. These ways include a check, direct deposit to your bank account, or other payment options that include prepaid Visa cards.
In the battle of the best tax prep software for self-employed and business owners we currently prefer TurboTax over H&R Block. It’s a close comparison and you really can’t go too wrong choosing either. We think that the ease of use for TurboTax does put it ahead of H&R Block. We also feel like TurboTax helps walk you through all of the things you need to know without feeling overwhelmed. This is why we currently recommend TurboTax over H&R Block for those that are self-employed or own a business.
Overall Winner: TurboTax
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