It will cost you $59 to file a federal tax return plus another $54 per state. So, for most taxpayers, TurboTax Deluxe will cost features of turbotax deluxe program $113 to file. Note that, while the company’s website advertises one-on-one help as part of TurboTax Deluxe, this costs extra.
Reviewers also praised the 100% Accuracy and Audit Support Guarantees which provided peace of mind when filing. The solution’s biggest drawback is the steep price point for state tax filing, and other users experienced issues with applying for the refund advance. TurboTax Premier has all the features of TurboTax Deluxe, but is also great for taxpayers with investment incomes, such as stock, cryptocurrency, bonds, ESPPs, robo-investing and income from rental properties. If you’ve been buying and selling on Robinhood or Coinbase — especially selling, which is a taxable event — TurboTax Premier is likely the version for you. It makes reporting these transactions easy, even there are a lot of them — the software can import thousands of transactions directly from brokers. TurboTax Deluxe includes a search of more than 350 tax deductions and credits to find all qualifying tax breaks.
Tax professional prepared plans
If you’re trading in investments and cryptocurrency, this tier continues to provide one of the best integrated intake processes of any of the competitors. Last year, more than 195 million tax returns and other tax forms were filed electronically; 14 million of those tax returns were filed with a version of TurboTax. The tax software aims to simplify the tax filing process and find customers big tax breaks they otherwise would’t find on their own. If you are one of the many Americans considering TurboTax as a tool to help file taxes correctly and on time, there are a few things you need to know about filing your taxes via the software.
- We also offer full audit representation for an additional fee with TurboTax Audit Defense.
- Your tax pro won’t represent you in the audit or provide audit advice (including legal advice), but they’ll provide you with step-by-step guidance on how to get through the process.
- Throughout the process of answering questions to complete your return, TurboTax uses clear language to walk you through adding your data.
- The solution’s biggest drawback is the steep price point for state tax filing, and other users experienced issues with applying for the refund advance.
- Other than that, we also shed some light on their other versions of TurboTax but the Premier and Deluxe versions are better than other options.
For example, TurboTax calls out if you have a nontraditional situation for a dependent or made money while living in a state other than your residence, and provides appropriate guidance in the slide-out help pane at right. You’ll start with adding personal info (name, birthday, Social Security number, occupation, residency — including if you lived somewhere part-time – and military status), dependent info, and the like. After reviewing all of the personal info, TurboTax plugged an optional $49 upgrade for its theft-monitoring and audit-defense service. Once I declined this, we finally moved into the federal return.
