I own a small business. STEP 2. You can do it. America's 1 brand of tax software. State additional modal for product TurboTax Deluxe. Start for free Pay only when you file. State additional modal for product TurboTax Premier. State additional modal for product TurboTax Self-Employed. Included in Free Edition. Deluxe includes Everything in Free Edition, plus. Premier includes Everything in Deluxe, plus. Self-Employed includes Everything in Premier, plus.
Free Edition For simple tax returns only. Fed, State, to file. We will adjust these prices as we find them, but there may be sales, specials, or discounts we miss. Please let us know in the comments if you find a good deal! Following the COVID wave, all three of the major players had to adjust their pricing strategies, especially what they are including in their free offerings. In , all three tax filing companies are supporting the following in their free tiers:. TurboTax took a different approach and included a free expert review with its Free tier however it did not expand offerings beyond the listings above as long as you file before February.
In addition to expanding the free coverage, all three software packages kept pricing in line with the previous years. However, not all tax filers will qualify for the free pricing option. This is particularly disappointing since so many people have Health Savings Accounts, and the contributions are typically reported on a Form W TaxAct does not support student loan interest deductions , but it supports other education-related credits on its free tier.
In theory, this should mean itemizers. In practice, it means anyone with dependent care expenses, student loan interest, HSA contributions, or some other sneaky credit that requires an upgrade. In my opinion, the Deluxe tiers are the worst value for all of these software packages.
Free software like Credit Karma Tax can cover these situations easily. Additionally, low-cost competitors like TaxHawk match the functionality at a lower price point. If you fall into this tier and have a basic tax return, you might check out Credit Karma Tax. But many people who fall into this category will find value at Credit Karma Tax. Recommendation For Deluxe: We recommend skipping the Deluxe version of all of these products. You pay a lot of something that is offered free elsewhere.
The Premium pricing tier is where the big three players diverge in their offerings. At this tier, TurboTax and TaxAct only support landlords and stock market investors including cryptocurrency traders. This is also the tier where functionality becomes extremely important.
For example, TurboTax supports integrations with Coinbase which makes it easy for cryptocurrency traders to report their gains or losses in terms of US Dollars. Once again, TaxAct is the lowest price offering. However, not by much this year. In fact, we still think you should consider the TaxAct Alternatives - or even go off this list and check out TaxSlayer at this tier, which offers every form for a great price.
Check out our full TaxSlayer review here. The self-employed filing software is required for anyone who had Schedule C self-employment income. Given the rocky economic conditions of , I suspect that a lot of people have done some gig work this year.
All of those side hustlers will need to upgrade to this tier for their filing. However, those with significant expenses will need to upgrade to this level. In terms of usability, TurboTax leads the pack. It integrates seamlessly with Quickbooks, offers plenty of options for imports, and makes it easy to depreciate your business assets.
TaxSlayer Classic and TaxHawk offer similar functionality at much lower prices. Your answers determine what tax breaks we'll look for next. For example, if you tell us you have children, we'll look for deductions and credits such as the child tax care credit, earned income credit, and more. Yes, TurboTax will help you file your state taxes. Every state is different—each with their own tax laws. In fact, there are some states don't levy a state income tax at all.
But if you live in a state where you have to file a state tax return, TurboTax will let you know and help you get them done right. After you finish you federal tax return, we'll ask if you want to prepare your state taxes.
The good news is we'll save you a lot of time by taking the information you've already given us for your federal return and transfer them into the right state forms.
There are usually some additional questions we need to ask to make sure you're getting every state credit and deduction available. For most customers, we recommend TurboTax Online. It includes: It includes: Preparation and e-filing of one federal tax return Preparation of a state tax return is available for an additional fee e-filing included Pricing for our online products starts with Free Edition, for simple tax returns, and goes up based on your needs and the complexity of your income tax return.
See current TurboTax Online products and pricing Filing your state taxes with TurboTax Online If you live in a state that requires you to prepare a state tax return, we can help. We'll transfer your tax info into the correct state documents for you. There's an additional fee, which varies depending on the TurboTax product you use to prepare your Federal return.
Pricing for our online products starts with Free Edition, for simple tax returns, and goes up based on your needs and the complexity of your income tax return. This year, TurboTax has partnered with Sprintax. Please visit Sprintax. Fees may apply. Don't worry, TurboTax double-checks your return for errors as you go, and before you file. If you have questions, just ask us. We accept all major credit and debit cards, but you can also choose to pay for your TurboTax fees right out of your federal tax refund.
No one can get you your tax refund faster than TurboTax with e-file and direct deposit. Federal e-file is included with TurboTax at no extra charge. If you've already e-filed, you can track your refund by signing in. We offer free one-on-one audit guidance year-round from our experienced and knowledgeable tax staff.
We'll let you know what to expect and how to prepare in the unlikely event you receive an audit letter from the IRS. If you've already received a letter from the IRS for a return you filed with TurboTax, please review our Audit Support Guarantee for instructions on how to receive FREE step—by—step audit guidance and the option to connect with an expert.
We also offer full audit representation for an additional fee with TurboTax Audit Defense.
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