Our aim is to provide an independent assessment of available software to help arm you with information to make sound, informed judgements on which ones will best meet your needs. To ensure fairness and eliminate bias, our team collaborates to compare user experiences across products. Scoring is based on clearly defined criteria, which are weighted equally in the overall score. This approach ensures a balanced and reliable assessment of each tax software product. If you plan to deduct mortgage interest, report business or freelance income, or report stock sales or income from a rental property, you’ll have to select a higher-tiered package. The list price of those paid DIY programs — the Deluxe and Premium tiers — is routinely on the higher end of the spectrum, especially when adding the cost of a state return.

According to the provider, the easiest way to downgrade with TurboTax is to click the “Switch Products” button in the side panel of your return, which you can do in the browser without having to contact customer service. But note that you won’t be able to downgrade if you’ve already submitted a credit card payment. Access to tax pro support requires upgrading to TurboTax’s Live Assisted packages, which range from $79 to $209, plus state fees of $59 to $69. To file a new prior-year return for tax year 2023, 2022, or 2021, you’ll need to purchase and download that year’s TurboTax software for PC or Mac, as TurboTax Online and the mobile app are only available for the current tax year. TurboTax calculations are 100% accurate so your taxes will be done right, guaranteed, or we’ll pay you any IRS penalties. Whether you file yourself or get expert help, you’ll get your maximum refund guaranteed, or your money back.

IRS Form 4810: Everything You Need to Know

When you file with Full Service, your tax expert will confirm your price estimate with you before they start working on your taxes. Your price may change if your actual tax situation includes other forms. Your expert will review any changes with you and provide your final price before filing your return.

Filers who qualify for TurboTax Free Edition

The interface was easy to follow, somewhat foolproof, and the results were accurate. Next you’ll be asked about if you purchased items outside your home state on which you weren’t charged sales tax by your home state. As the State Taxes section is state-specific, I’m not going into detail here other than stating that TurboTax’s approach appears to be quite comprehensive.

  • Bankrate.com is an independent, advertising-supported publisher and comparison service.
  • Next you’ll be prompted to share your tax information with Intuit, TurboTax’s parent company.
  • “Google Cloud’s partnership with Intuit showcases the power of AI to solve real-world problems by simplifying the tax preparation process for millions of TurboTax users this tax season,” said Thomas Kurian, CEO of Google Cloud.
  • After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money.
  • Now, I’m not talking about some billionaire’s tax return with hundreds of K-1s, foreign transactions, and all kinds of disclosures that need to be made.

CompleteCheck™ scans your return from beginning to end, so you can be confident it’s 100% accurate before you file.. We save your info automatically, so you can switch devices and pick up right where you left off. You can even file your taxes entirely from your phone with our mobile app.

We believe everyone should be able to make financial decisions with confidence. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free. The time it takes to prepare your return depends on the complexity of your taxes, your availability, seasonal peak days for tax preparation, and how busy our experts are. Our goal is to get your taxes done with as little waiting as possible.

Very Simple Returns Only

Our US-based tax experts and independent Intuit TurboTax Verified Pros have extensive experience and training. They can handle all kinds of tax situations, from simple to complex and are always up-to-date on all the latest tax laws, from crypto to side gigs and new government credits. They’ll guarantee your taxes are done 100% right, with every dollar you deserve. With Live Full Service, you’re matched to a dedicated tax expert who will do your taxes, start to finish, and review them with you before filing. Where available, you will have the option to choose an independent Intuit TurboTax Verified Pro.

It scans for eligible deductions and credits, including mortgage turbotax personal interest, student loan interest and charitable contributions. This can save time and reduce errors, especially for users with multiple income sources — though not all financial institutions are supported. You can use the app to snap a pic of your W-2 and other documents and your information will be automatically entered in your return. It’s important to note that the mobile app doesn’t have access to the print center or tax tools. As of March, the IRS reported the average direct deposit tax refund this year is $3,330. With that much money on the line, it’s important to use a tool that checks for errors and helps you file with confidence.

It runs an extra $39.99 and includes features such as identity theft monitoring, loss insurance and restoration help. From mid-April through early January, our experts are available Monday-Friday from 5 AM through 5 PM PT.If you choose to work with an independent Intuit TurboTax Verified Pro, the Pro will share the hours they’re available directly with you. Our tax experts are available 7 days a week from 5 AM to 9 PM PT from the January date the IRS starts accepting tax returns through the April filing deadline.From mid-April through early January, they’re available Monday-Friday from 5 AM through 5 PM PT. For example, investors in stocks, bonds, and crypto are benefiting from automated data extraction and autofill into tax returns from complicated 1099 forms.

You can also skip around if you need to — which is helpful if you want to get started on parts of your return but aren’t ready to fill out everything just yet. Once you start working on your return, TurboTax will run you through a series of Q&A-style and fill-in-the-blank questions and import documents (e.g., W-2, 1099s) automatically where possible to eliminate time-consuming manual entry. Use our TaxCaster calculator to preview your refund, or see what you’ll owe.

IRS Form 8546: A Detailed Guide for 2023

  • Don’t worry about paying taxes on the entire amount reported on Form 1099-K.
  • Profit and prosper with the best of expert advice – straight to your e-mail.
  • With the right version and a clear understanding of your needs, TurboTax can make filing your taxes a streamlined and stress-free experience.
  • Our software will allow you to securely upload your tax documents to our system.
  • You’ll be matched with a tax preparer, meet on a video or phone call before they begin working, and then you’ll meet again when your return is ready for review.
  • With Google Cloud’s generative AI capabilities, Intuit is expanding done-for-you autofill of tax returns for the ten most common U.S. tax forms (1099, 1040)—which can vary significantly in complexity—saving time and boosting accuracy.

And the first question is a rare enough situation that I’m not going to dwell on it, but please let me know in the comments below if you’d like me to review TurboTax’s treatment of household employee filings. On another screen, you’ll be asked whether or not certain tax events happened in your life during the year (or example, whether or not you had a child). Be sure to click “Show More” at the bottom to be sure you don’t miss anything.

You won’t see a lot of complicated jargon; the company breaks down complex terminology into easy to understand instructions throughout the filing — even in the free version. But if you don’t qualify for the free version, the convenience of easy-to-follow instructions comes at a higher cost than you may pay for other tax-filing services. Intuit is the global financial technology platform that powers prosperity for the people and communities we serve. Please visit us at Intuit.com and find us on social for the latest information about Intuit and our products and services. TurboTax takes much of the complexity out of tax preparation by offering a guided, user-friendly experience that supports a wide range of tax situations. The online version offers the flexibility of accessing your tax information from any internet-connected device, with data securely stored in the cloud.

TURBOTAX ONLINE/MOBILE

It’s a service that you can add to every package for an additional fee, and it gets you screen sharing, phone or chat access to tax pros who can help you with questions that arise as you fill out your return. From Jan. 29 through the April tax filing deadline, you can schedule a chat with a tax pro seven days a week, from 5 a.m. We evaluate each tax software based on specific features and the actual experience of filing taxes using those features. This includes but is not limited to analyzing navigation, ease of accessing help, available import options and the quality of contextual guidance provided to users. A TurboTax product specialist can help you, and even draw on your screen to help you get your taxes done.

Yes, you may work with the same expert who prepared your tax return, when available. If you are an online seller selling on platforms like eBay, Airbnb, Etsy, and VRBO with sales at the aggregate of more than $20,000 and more than 200 transactions you could also receive a form 1099-K even if you do occasional sales and consider it a hobby. If you don’t have your forms on hand, you can auto-import your info from your W–2s or 1099s directly from more than a million participating employers and financial institutions. “Whenever you receive a phone call, text message or email requesting personal information, you can never be sure who is actually contacting you,” Weisman said. They then use this opportunity to extort personal information from the victim, such as a Social Security number, which can then be used to access accounts and steal money. TurboTax also offers desktop software downloads that fall into four categories.

Yes, TurboTax is a do-it-yourself tax software, but you aren’t left to the wolves when it comes to technical support. After you finish inputting your deductions, TurboTax will let you know whether — based, of course, on the information you provided — taking the standard deduction or itemizing your deductions would make the most sense. After you’ve told TurboTax about all your income items, it’s time to get to the good stuff — deductions and credits.