[ad_1]
Tax season is pretty much nobody’s idea of fun.
Fortunately, there’s a wide range of digital DIY tax filing services available to help you get your paperwork right and file your taxes online without spending your entire refund on an accountant.
In this TurboTax review, we’re covering everything you need to know about its online filing services and tax software and how it stacks up to its competitors.
TurboTax: How Does It Work?
Perhaps the best-known of the digital filing options, TurboTax is the tax-focused baby of Intuit, the same company behind Mint and QuickBooks.
As such, it’s not surprising that TurboTax has a dazzling array of financial tools to help you during tax time as well as year round, regardless of your tax situation.
TurboTax offers both totally DIY filing options as well as an upgraded suite of DIY filing with live online help and a full service option to let the pros file for you. You can also purchase its tax preparation software on CD or by download, which can help you save even more money. You pay a one-time fee and get up to five included federal filings for the tax year, though you’ll likely still need to pay to file your state tax return.
Here’s what the pricing tiers look like at TurboTax. (These prices are current as of February 2022 and are subject to change.)
Free Edition
The TurboTax Free Edition is appropriate for filers with simple tax returns. It covers W-2 income, the Earned Income Tax Credit (EITC) and child tax credits. True to its name, it’s free to file federal and state returns — but few peoples’ taxes are truly basic, and this tier doesn’t cover as many filers as competitors’ free options.
Cost: $0
Deluxe
The TurboTax Deluxe edition includes everything the Free Edition does, plus mortgage and property tax deductions, charitable donations, student loan interest, education expenses and 1099-MISC income — ie earnings of an independent contractor like a freelance writer or Uber…
[ad_2]
Source link
