Top 5 TurboTax Versions to Simplify Your Tax Filing
TurboTax offers five main versions, each tailored to different tax situations. From free simple filing to advanced investment and self-employment support with live expert help, these versions simplify the tax process. Choose the right TurboTax edition to maximize deductions, ensure accuracy, and receive personalized assistance when needed. The platform's features include real-time support, automatic data import, and deduction maximization tools, making tax filing more manageable for every user.
TurboTax has gained popularity as a comprehensive tax preparation tool, helping users navigate the filing process with ease. With various versions tailored to different needs, TurboTax offers features that streamline tax submission and maximize refunds. Here are the five main TurboTax options:
TurboTax Free Edition: Ideal for straightforward tax returns, this free version ensures accurate calculations, easy e-filing, and tax document import via photo capture from your mobile device.
Starting your taxes is simple by uploading your W-2 forms.
TurboTax Deluxe: Free to start, with payment upon filing, this version searches for over 350 deductions and credits, including mortgage and property taxes. It includes the ‘ItsDeductible’ feature to maximize charitable donations. It costs about $39.99 after deciding to file.
TurboTax Premier: Priced at approximately $59.99, this version covers stocks, bonds, investment income, and rental properties. It imports investment info automatically and deducts appraisal fees and refinance points, offering comprehensive investment tax support.
TurboTax Self-Employed: Designed for freelancers and small business owners, costing roughly $89.99, this edition tracks expenses, mileage, and identifies industry-specific deductions, providing personalized assistance for self-employed individuals.
TurboTax Live: The newest offering at about $149.99, provides live expert review sessions with CPAs or EAs. Users get real-time guidance and personalized advice, ensuring correct filing and maximizing tax benefits.
