Prepare Your Federal, State, and Business Taxes Using TurboTax Software
- IRS Announces E-file Opens January 20: Be the First in Line for Your Tax Refund. The IRS announced today that it will begin accepting e-filed tax returns on January 20, 2015. But you can start your taxes online now with TurboTax and file starting January 5. We’ll securely hold your tax return until the IRS.
- TurboTax® is the #1 best-selling tax preparation software to file taxes online. Easily file federal and state income tax returns with 100% accuracy to get your maximum tax refund guaranteed. Start for free today and join the millions who file with TurboTax.
- Free Federal Efile Included — Free efile of your federal tax return is included with your purchase of TurboTax Download. Efile Multiple Returns — Prepare and efile up to five (5) federal tax returns at no additional cost. (This is the maximum returns limit set by the IRS.).
- TurboTax Free is built on the same quality foundations as other TurboTax versions but it’s limited to assisting in preparing the simplest tax return. To start with, even if this is the first time you are preparing and filing taxes on your own, you shouldn’t have any problems.
Figuring out personal finances for each tax year could seem like a daunting task. TurboTax Business is a tax software program that can be found on eBay to help you get your state returns and federal records in order at an affordable price. This will make it easier to pay the money amounts you owe on time and without any hassle.
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What features does the Business version have?The makers of TurboTax have created a variety of software packages to suit your needs. However, the Business version of this suite of programs includes extra features that you may find useful. Some of these features include:
- Additional guidance - This version of TurboTax may include personalized advice for managing different types of income or refinancing to suit your situation.
- Form creation - The Business version can create both W-2 and 1099 tax forms to pay employees and contractors as necessary.
- Product support - With TurboTax for Business, you should have access to product support based in the United States.
Although TurboTax is versatile enough to help anyone with their tax information, the Business version of the program has a few features that may be particularly helpful to you if you are self-employed. The Business edition is available on eBay. These benefits include:
- Tax history - The program can look at your tax history and may be able to use that data to maximize the return on your income taxes for the next fiscal year.
- Deduction analysis - A virtual coach can help you save money and get all the deductions that might be associated with your self-employment, such as home office space or transportation for work.
- Start-up savings - TurboTax for Business may be able to help you manage the start-up costs of your small business venture and tell you what is deductible.
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This tax software has a few ways it can streamline the tax process and make it easier or faster for you to file everything. TurboTax may be able to help you in the following ways:
- E-filing - The program includes at least one state tax form and several federal and income tax forms that can help you e-file online.
- Error checking - An algorithm will double-check all of your data for errors that might slow down the filing process.
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TurboTax is arguably the name in personal tax preparation software, and its developer—Intuit—charges accordingly. You’ll pay top dollar for this one, but users and experts alike seem to think it’s worth it. It scores kudos in almost every category, from user experience to being able to import a good many employer tax IDs. You can take pictures of your W-2s and 1099 forms rather than type in all the information they include, risking typos and mistakes. There’s an “Expense Finder” feature if you’re self-employed and must file Schedule C. It can lift potentially tax-deductible expenditures directly from your bank account and categorize them, add them up, and input them accordingly. The 2019 version will search more than 350 tax deductions and credits for you to see if you qualify after you enter your personal information.
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The software engages you much as a professional would with questions and guidance, although some pop-up messages can be a bit chirpy and possibly jarring when you’re concentrating. Think comments like “You’re doing great!” interspersed with questions designed to dig your tax data out of you.
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If you get confused or otherwise hit a brick wall, TurboTax offers experts to chat with if you use the online version. It also has a “SmartLook” feature that will put you face-to-face with a tax expert, and it offers audit support. And if TurboTax makes a mathematical goof? They’ll pay all associated IRS penalties on your behalf. They also offer free audit support.
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So how much will all this cost you? $79.99 if your tax situation is pretty simple. And if you act fast and file before the 2019 tax season officially gears up in late January, you can shave $30 off that. The actual cost to file is free for both state and federal returns…at least for the time being. You can expect this to increase to $39.99 for federal returns and $36.99 for state when tax season gets underway. And each time you want to do something that falls outside the “simple” range, you’ll be asked to pay for it or upgrade to a different program. Think itemizing deductions, reporting income from investments, or self-employment.