This content is rated TV-MA, and is for viewers 18 years or older. Are you of age?
Sorry, you are not old enough to view this content.

Software: Income tax tips

About Video Transcript

Software: Income tax tips

2:51 /

Brian Tong shows off the top income tax filing software plus a few gadgets to help you organize and protect your financial information.

^B00:00:00 >> April 15th is right around the corner. I'm Brian Tong with CNET.com and on this edition of Insider Secrets, I've got a few tips that can save you time and money this tax season. ^M00:00:11 [ Music ] ^M00:00:18 Don't pay an accountant. Do it yourself with some tax software. CNET recommends Intuit's TurboTax or H&R Block's TaxCut. Both will file your taxes online, but there are a few differences. TurboTax makes it easier to import your tax information, and there's a lot more guidance and tools to assist you. If you type in your employer's ID number, in many cases, your wage information and other income will automatically load, so you don't have to keep typing it over and over. With TaxCut, you'll have to enter in more information on your own, but if you need a person to help you, you'll get one free phone session with a live agent, and it's $20.00 for every new topic after that. TurboTax, on the other hand, charges $30.00 for the first 20 minutes, and $20.00 for each additional 20 minutes. While both TurboTax and TaxCut are available online, CNET recommends you purchase the box software because all your tax information will be at your fingertips on your home computer instead of stored online. Both programs are PC and Mac compatible, and premium versions will cost you about $50.00. Now, that's a quick breakdown of tax software. Now, let's get to the gadgets. So over here, we have a sleek mobile document scanner from Neat Receipts, and it's around $200.00. And it allows you to scan your receipts, business cards, and documents, and then it files them into a software program. It's really a great way to keep track of your business and personal expenses. Okay, now that you've got a lot of sensitive information on your computer, make sure you back it up. Over here, I have the Lexar JumpDrive Secure II Plus, and it's a USB flash drive with built in software that encrypts your data with password protection so it makes it rock-solid secure. This guy here has 16 gigs of storage, and it's around $70.00. Now, another back up method is to save your files on an external hard drive. This is the LaCie Rugged All-Terrain Portable Hard Drive. You can see it's kind of stylish with these grooves. It has 250 gigs of storage, and it sells for about $100.00 online. No one really realizes how important backing up data is until your computer crashes, and you guys lose everything. So make sure you back up. It's like flossing. You just got to do it. Now, once you've got everything backed up, get rid of the paper trail. This over here is the Fellows Powershred DS-1. It crosscut shreds up to 11 sheets at one time, and a single sheet in three seconds. And you can find it online for under $100.00. I'm Brian Tong with CNET.com. And we hope these tax time tips will help you out this season and beyond. ^M00:02:49 [ Music ]

New releases

Koss SP330 are a premium on-ear headphone with a price tag to match
2:00 March 27, 2015
The Koss SP330 on-ear headphones boast a flat sound frequency and a subdued design, but an ambitious price limits their overall va...
Play video
New games for the month of April 2015
3:01 March 27, 2015
What should you play in April 2015? Jeff Bakalar runs down the most aniticipated games on the Xbox, PlayStation and PC platforms.
Play video
Winning apps for coaches
1:03 March 27, 2015
Anyone who has ever coached youth sports knows the frustrations of communicating important messages to dozens of families. In this...
Play video
Imperial Star Destroyer joins growing fleet of 'Star Wars' drones, Ep. 197
4:35 March 26, 2015
This week on Crave, we navigate crowds while staring at our phones, catch space junk with fish nets, and ogle a new "Star Wars" taking...
Play video
Birdly uses VR, a fan and your flapping arms to simulate flight (Tomorrow Daily 151)
28:21 March 26, 2015
On today's show, Ashley and Khail check out bird-flight simulator Birdly (complete with hydraulic flapping arm mechanism), a father...
Play video
Expect the new Apple TV at WWDC 2015
5:28 March 26, 2015
Reports point to a a brand new Apple TV in June; we take a look at an Apple Drone concept; and the App of the Week is Memoji Keyboard....
Play video
A too-small oven stymies Electrolux's gas range
2:03 March 26, 2015
Electrolux's mid-price 30-inch Gas Freestanding Range with IQ Touch Controls has entry-level capabilities.
Play video
2015 Kia Sedona
5:39 March 26, 2015
Brian Cooley test-drives the Kia Sedona minivan and offers his take on how it stacks up against its rivals.
Play video