The online version is automatically updated by TurboTax. Whether you use a CD or download the equivalent, weekly updates are par for the course. So I am thinking of purchasing the online version this year. Of course, e-filing defeats the purpose as eventually all my tax information is probably out there in the wild wild west amking it prone for being compromised. pushed ny TT).Īlso, I preferred the CD version thinking it is more secure to have the information locally on my drive rather than some place in the cloud. But wondering if this due to constant updates from TT and whether I would be better off purchasing the online version assuming the updates will be automatic (i.e. What are the pros and cons of either? Last year I purchased the CD version but it kept giving me an "update" required message very frequently that was annoying. This is a fantastic tool that I use all the time to determine my final estimated tax payment. Then go to the bottom of the column and see your estimated tax liability.
So if you later on want to estimate your 2023 taxes, you simply check the box to apply the 2023 tax code, then change the numbers in the column to reflect your income, cap gains, dividends, IRA withdrawals or conversions, etc. 2 (or 3 or 4), then you can play around with the data. You can then check a box to copy the data from col. You can open the "What If" form and see all the important line items that are completed. Plus::::TT (download) has a very useful feature that I have mentioned several times on this forum.
I have had a number of occasions where something didn't seem quite right and I was able to resolve the issue by looking at the form and seeing what lines were populated. As another mentioned, you maintain complete control and have the ability to file multiple returns and easily check the forms being populated as you go. That way you have everything in your system, including the ability to transfer it to another PC if you need to. I strongly suggest the CD/download version.
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