Recently, TurboTax unveiled a new personalized experience for returning users. Starting with TurboTax 2014, users will now see personalized settings and information unique to themselves. This means that anyone filing their 2014 taxes can take advantage of this new system. However, personalization will only work for taxpayers that used the service back in 2013, too.
By using data from last year’s return, Turbo Tax 2014 will make the entire process faster. Data from last year is automatically entered into the new year’s return. The software will then focus upon specific sections of the return, based upon each user’s situation. During the process, sections deemed irrelevant to that taxpayer will be ignored. Taxpayers can still navigate through each section themselves.
For refunds, TurboTax 2014 will now explain a person’s refund in-depth. This includes how the numbers are calculated and what changed from the previous year. This gives users a great insight into their tax situation compared to last year. Likewise, answers to questions are available at the click of a button. Taxpayers won’t feel left in the dark about their taxes or their return.
If you’re filing your 2014 taxes and used Turbo Tax last year, then you need to do the same thing this year. This new personalized experience speeds up the process and makes everything more simple. Detailed explanations are a welcome addition to TurboTax 2014 for many taxpayers.