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America’s #1 tax software brand has your back — from its low cost and convenience to its 100% accuracy guaranteed. And if you end up needing to pay an IRS, state penalty or interest as a direct result of a TurboTax calculation error, don’t worry. They’ll pay you the penalty, plus interest!
TurboTax’s user-friendly software means you can breathe a sigh of relief when preparing your annual returns. Let’s take a look at how you file your taxes with confidence this year — and secure a maximum refund, guaranteed by TurboTax.
There are a number of handy TurboTax packages that could be right for your needs.
If you have a straightforward tax return, then the TurboTax Free Edition — for simple tax returns only, not all taxpayers qualify — is definitely for you. This is ideal for importing your W-2 and answering simple non-tax-type questions about your life. You can file a Form 1040, as well as deduct student loan interest and reconcile your advanced child tax credits.
If you need to do anything more complex — like deduct mortgage interest, report freelance income or report stock sales, itemize deductions, schedule 1, 2, or 3 of Form 1040 or deduct income from a rental property — you’ll want to toggle to a paid plan.
Luckily for you, the paid packages are still significantly less expensive than what you would pay an hourly accountant!
The Deluxe package costs $59 plus $49 per state, and allows you to itemize and claim tax deductions along with credits. In fact, TurboTax will search more than 350 tax deductions and credits to make sure you’re maximizing everything.
Think of the Premier package (which costs $89 plus $49 per state) as the zhooshed up version of the Deluxe package. It’s essentially the Deluxe package with investment reporting and rental property income — like Schedule D and E. If you’re a crypto investor, this is definitely the package for you, as it helps to accurately account for crypto transactions gains and losses.
Then there’s the Self-Employed package, which costs $119 plus $49 per state. It’s perfect for freelancers, independent contractors and small business owners. It mirrors the Premier package but also accounts for business income and expenses on a Schedule C and deductions. You can even upload your 1099-NEC or 1099-K simply from your smartphone.
When you want to outsource your taxes, TurboTax Live Full Service is the ideal solution. With this option, a tax pro will do your taxes for you from beginning to end. You’ll get matched virtually with a tax expert — where accuracy is guaranteed. You can hand your taxes off and be done in one meeting, while getting all your questions answered in real time and reviewing everything before filing. And get this: The preparer will even file returns on your behalf! Prices range from $209 to $399 for individuals with federal returns — state returns are separate — and $1,499 for full service returns for businesses like S-Corps and multi-member LLCs. Note that Filers can (and should!) also take advantage of the introductory pricing, where they can save $500 off TurboTax Live Full Service Business and file for just $999.
And because TurboTax really cares, it’s always offering discounts on packages. (While writing this, prices for the TurboTax Live Full Service are discounted to $169 to $359 for personal returns).
And from January 20 through February 20, all federal TurboTax products are eligible for an additional $20 off!
Filing your taxes on your own for the first time can feel daunting, but you’re never completely alone when working with TurboTax.
For starters, you can lean into the searchable knowledge base via forums and video tutorials. You can also tap into a TurboTax digital assistant which is essentially a chatbot and contact form all in one. Best of all, any package you choose has access to these perks. Paid packages, however, also have access to a TurboTax product specialist.
If you buy the TurboTax Live Assisted package, you can tap into one-on-one human tax help. This means you can connect with live tax experts on demand while doing your taxes. TurboTax experts will help you complete your taxes, fix any mistakes and review before you file to make sure you get your maximum refund or biggest tax savings. It’s not just limited to the April 18 deadline, either — you can access unlimited live tax advice throughout the year.
TurboTax Software Features
Sure, affordable pricing and added support are great, but TurboTax’s easy-to-use system is really what sets the company above the rest. Think of the interface like a live chat. As you’re working through your taxes from the comfort of home, embedded links will provide tips and other resources, while help buttons will instantly connect you to a searchable knowledge base.
You’re also able to auto-import specific tax documents like W-2 information, if your employer is partnered with TurboTax. If your employer isn’t partnered with TurboTax, simply snap a photo of your W-2 with your smart phone and upload it. You’re also able to import certain 1099s — and the Self-Employed package allows you to upload 1099-NECs via photos. Plus, you can import income and expenses from Uber, Lyft and Square.
The crypto support is also huge. With the Premier package you never need to worry about manual entry. Instead, you can import up to 10,000 stock transactions and up to 20,000 crypto transactions in one swoop.
Another feature we really dig is the donation calculator. It’s available in the Deluxe, Premier and Self-Employed packages. It lets you quickly search the deduction value of donated clothes, household items and other things.
Last but certainly not least, we love that the TurboTax software is multi-functional. Whether you’re on a desktop, laptop or phone or tablet, you can toggle among devices to finish that return.
Between TurboTax’s 100% accuracy guarantee and its maximum refund guarantee, you can file with confidence from your couch this year. It’s a total no-brainer.
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