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Score
TurboTax Business 2023 earns a moderate overall score due to its comprehensive features and user-friendly interface that successfully simplifies tax filing for businesses and trusts. However, it faces criticism for higher pricing compared to competitors and lacking certain functionalities like data import from brokerage accounts and difficulty during the e-filing process, which can frustrate users.
Pros
- •User has been using TurboTax products for over 7 years with no complaints
- •Found the product to be easy to use and helpful in handling taelated tasks
- •Has consistently received assistance when needed
- •Highly recommends the product for anyone seeking tax help
- •Considers the product to be a worthwhile investment
- •Users find TurboTax reliable and simple to use
- •The product is easy to navigate and walks users through the entire tax filing process
- •Convenient feature: ability to download previous year’s return information, eliminating the need to rnter the same data
- •Ideal for those who prefer to do their taxes without professional help
- •Designed for businesses, estates, or trusts
Cons
- •Lacks basic features for personal package, including: Downloading dividend, interest, and 109 data from major financial institutions
- •Business package has no straightforward capacity for entering IRA distributions
- •Features have not been updated or added in 3 years
- •Users must use worksheet notes and other tax categories to enter federal withholdings on IRA distributions
- •Sloppy worround and lack of standard features may cause typos or mistakes in data entry
Bottom Line
When it comes to doing your taxes, TurboTax Business 2023 is a reliable and easy-to-use option, particularly for businesses, estates, or trusts. However, it may lack some essential features if you need to handle more complex personal financial scenarios. For straightforward business tax tasks, it's a solid choice, but be aware of its limitations on personal tax features if that’s a concern.
Product Score
Based on professional reviews and customer feedback
Why this score?
TurboTax Business 2023 earns a moderate overall score due to its comprehensive features and user-friendly interface that successfully simplifies tax filing for businesses and trusts. However, it faces criticism for higher pricing compared to competitors and lacking certain functionalities like data import from brokerage accounts and difficulty during the e-filing process, which can frustrate users.
How we researched this
About this review: We pulled together findings from professional reviews and hundreds of user reviews, and cross-referenced them with ShopSavvy's pricing data from thousands of retailers to give you the short version.
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