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However, this version comes with many additional features. It costs $39 to file your federal taxes and an additional $39 to file your state taxes. TurboTax Deluxe is TurboTax’s most popular edition as it handles itemized returns and rather complex deductions. However, you can’t use this edition if you have any type of itemized deductions, receive unemployment income or need to add a Schedule A to your return.
Earned income credit and child tax credits will work with this edition too. You can only use this edition if you earn W-2 income and limited bank interest or stock dividends. You can use this program if you’re filing with a basic 1040 form. This year, the TurboTax Free Edition is free for both state and federal return filing. TurboTax has a great new feature where the Free edition is concerned. Here’s a summary of what each one contains. Your pricing depends on the complexity of your return and which filing option you choose.
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TurboTax offers several different pricing plans from self-service to a full hands-on approach. Or they’ve got Certified Public Accountants, Tax Lawyers and Enrolled Agents standing by to help you.Īfter you finish filling out your return using the TurboTax system, TurboTax sends it to the IRS or your state’s Department of Revenue.Īnd it will give you instructions as to waiting for your return or paying if you own additional tax monies. TurboTax has programs that allow you to fill out your tax return entirely on your own.
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TurboTax will give you information on how to fix items or what it thinks might be wrong if there are any perceived errors or potential errors.Īlso, the program provides you with suggestions on how to lower your tax burden further.įor instance, it might suggest opening or adding to an IRA, or increasing charitable deductions. When you finish answering all of the items, TurboTax will review it just to double-check for accuracy. The system will also ask you questions about dependents you might have, charitable deductions or any other tax-related information.
TurboTax can work for you whether you have a W-2 job or are self-employed. You’ll start by answering basic questions such as your name, address and Social Security number.įrom there, you’ll be asked specific questions about your income and the type of job you work. Their job is to put the numbers together. Your job is to fill out the online questions they ask during the tax filing process.
TurboTax makes online filing of your tax return super easy. In addition to filing by yourself, you can also get help from tax experts who can review your return for potential mistakes and overlooked tax deductions.
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It’s possible to file your taxes for free at the federal and state level when you have a simple tax situation. If they offer them, the tools might be harder to use or have reduced capabilities. This platform continues to be one of the most popular as it has many features that discount tax software doesn’t offer like downloading your tax details from your bank or investment account. TurboTax is an online tax prep program that has been helping people file taxes by themselves since the mid-1980s.