Which tax return vehicle gives me the best return on my money??

I am a 26 year old single male. I work fulltime and go to school fulltime. I have traditionally done my taxes online at Turbo-tax but recently saw a news report that compared various tax institutions and their average returns for their customers and it reported that Turbo-tax was one of the worst. Why is this? I currently live a very simple life; I rent, I own no investments, not married, no dependants. Am I really going to make more money going into an office like Jackson-Hewitt or HR Block as stated on this news report?

What they are talking about is non reimbursed employee expences and buisness dedutions. You dont have any of that so you dont have to worry about going elsewhere

In this case, what you heard on the news may not be bad advice. Your return sounds pretty straight forward, but you may be missing some deductions or credits that you were not aware of. I have been a tax professional for 25 years and actually owned a major tax franchise for 10 years. Most of these franchises are independently owned and although they are in the business of making money, many of them will give you a general assessment of your tax situation free of charge. You can compare this with your knowledge and see if you might be missing something. It never hurts to ask.

The average refund is irrelevant. TurboTax is good software,and all good software will give you the same result, if you input the right info.
Perhaps the average refund for TurboTax users is less because they are smarter than the people who go to HR/JH. They know enough to keep their witholding low, rather than giving the Treasury an interest free loan all year long.

Was that report about average tax liability or refund size, not that either of those matter. If you do your taxes properly, they are what they are. Although, there have been some reports of some agencies encouraging people to take deductions they were not entitled to. Do you want to be worried about an audit you cannot back up with documentation?

People who get or expect a large refund are not as smart as people who get a small refund or owe a small amount (less than $1000) when filing. I adjusted my W-4 so tax owed or refund is typically less than $200 at filing time. That could skew ave. refund figures down if someone's average client is smart.

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