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Has your wife tried out the libreoffice suite or the online version of office? If not I would highly recommend the former then the later if it doesn't work out for you, as running ms office on Linux is officially impossible and unofficially a pain in the ass.
If it must be turbotax, a VM or wine will be the move, if it doesn't need to be, there is opentaxsolver, although I have no experience with any of these software suites.
In general it should more than suffice, the only thing is load times will be high, but not unbereably so.
Thanks. I forget about the online version of MS. That might be our fallback plan if we get desperate.