![]() Covers filing the core IRS Tax 1040 form and a single state return for free, but you can’t itemize deductions This option covers W-2 income, retirement distributions, unemployment income, common tax credits ( e.g. Turbo Tax Filing Optionįor simple tax returns and qualifying filers and not all tax payers qualify. The table below provides the list price, but throughout the tax season, you can get score various TurboTax pricing discounts. If you are not sure which version is best for you, start the with the basic version and you can upgrade to a higher level as you follow their guided process to complete your tax return. ![]() See the range of offerings and software costs in the table below. You can start filing via their free version, which is tied to your income and tax return complexity, all the way to their premium versions for filers who may also be business owners. TurboTax provides several versions of its tax software packages to cater for the different needs of taxpayers. It is owned by Inuit, a company that offers a range of financial services, including the financial tracking app Mint and the small-business accounting software QuickBooks. TurboTax has a long history in the tax industry, dating back to the mid-1980s. I also like their guided tax calculator to see which TurboTax package is the right choice for maximizing your refund.Īdditionally, TurboTax allows users to pay its fees using their federal refund with their permission and offers a guarantee to cover any IRS or state debts resulting from a calculation error. While it may be more expensive than other options on the market, many users find that the added convenience and live tax expert support are worth the extra cost. ![]() It also offers a range of features and the option for human assistance, which can be helpful for those who need extra support with their taxes. It essentially guides users through the process of preparing and filing their state and federal taxes, and allows for immediate payment, filing, and receipt of returns. TurboTax is a leading online tax preparation software platform that is known for its user-friendly design and flow. See more about the tax software package and key features below. However, it is worth noting that TurboTax’s products come at a higher price than some competitors, and those on a tighter budget and who are confident in their ability to file their own taxes may be able to find better value with other tax filing software packages. Its intuitive design and top-notch user interface coupled with various options for importing tax documents and “live” human support make it a popular choice for many. TurboTax is widely considered the leading choice for those who prefer to prepare and file their own taxes. What’s New For TurboTax in 2023 and When is it Available?.What about Cryptocurrency Taxes and reporting?.Can I import tax documents into TurboTax?.What If I filed with another tax software package.
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