![]() This also goes for individuals with a reported unemployed income on a 1099-G or who donated to charity. ![]() If you have a home and aren’t paying rent, you won’t be able to use this service for free. ![]() If this is your first time using this kind of service, our advice is to go for the TurboTax Assisted account and ask for expert help to avoid losing money. This is something a regular taxpayer might not notice, and as a result, you could pay higher taxes than you’re supposed to. However, the platform kept guiding us to the 1099-S, which is the form you must file when you sell a house or land. You can file taxes for free if you pay rent or have children or dependents.ĭuring our TurboTax Free review, we had minor issues filing personalized sold items, which typically fall under the 1099-K form. Those who have a job and require a W-2 form are qualified for the free version. TurboTax makes it possible for individuals with simple tax returns using IRS form 1040 to file their applications at no cost. In this section of the Intuit TurboTax review, we’ll explore its pricing plans, as well as the benefits each solution offers. Get TurboTax Now How Much Does TurboTax Cost? Here are the pros and cons of TurboTax based on our analysis: Finally, TurboTax helps homeowners get the maximum tax refund by looking into 350+ deductions and credits through W-NEC forms, making tax preparation effortless and less time-consuming. TurboTax offers a host of services for self-employed individuals and small businesses and can connect you with tax experts and help handle 1065, K1, and 1120-S tax forms with ease.īudget-conscious users with simple tax returns and no investments or rental properties can file a single W-2 form for free. Are self-employed or are an individual contractor.Want to maximize tax deductions and credits. ![]() TurboTax is suitable for people and companies of all sizes and across industries. We’ll cover this later in our TurboTax Full Service review. Alternatively, premium users can select the Live Tax Advice option and speak to tax experts. If there’s anything unclear, you can visit the platform’s Q&A section for more information. TurboTax boasts a comprehensive library of articles. You can even connect TurboTax with your online bank account, and it’ll go through your records and try to find deductible expenses and include them in your tax forms. The platform also allows you to edit and delete forms, if needed.Īfter you fill in your details, TurboTax will search the database and look for childcare deductions, student loans, and charitable organizations to make sure you get the maximum possible refund. You can create tax forms from scratch or upload one from your computer or smartphone. Once you fill in your details, TurboTax will present you with options for federal and state tax filing, which we’ll cover later in this TurboTax review. The platform walks you through a series of quick questions to ensure all information is in the right place. The registration process is fairly simple and requires a couple of details before you sign in. It removes the need to use accounting services or CPAs for tax filing, thus saving you time, money, and more importantly, your nerves. TurboTax is an online tool that helps people file their taxes in the simplest way possible, primarily thanks to its user-friendly interface.
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