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TurboTax Review – Is TurboTax Right For You?

Whether you’re self-employed, a freelancer, or run a small business, TurboTax can help you prepare your tax returns. Its easy-to-use interface makes it simple to complete your tax return with minimal effort.

Free edition

Choosing the right tax software is essential. One of the best options is Turbotax. The company offers three different versions of its popular software. Its most basic, the free edition, is available to residents of all 50 states.

As its name suggests, TurboTax has been around for many years. They have a suite of products covering all bases, from expert advice and mobile support to a well-rounded suite of tax forms. In addition, the company is a big player in the tax lawyer game and has retained a top-flight team of attorneys to help you navigate your way through the maze of the IRS. Intuit is also behind many other tax software programs, but the product above is its flagship.

Deluxe

Whether a homeowner or a self-employed business owner, you can benefit from TurboTax Deluxe. The program is designed to help you prepare your federal and state tax returns quickly and easily. It enables you to track and copy your W-2 and 1099 forms and to calculate your income and deductions.

The TurboTax Deluxe software is available for both PC and Mac. It includes tools to help you calculate cash deductions, such as mileage, investments, and job deductions. The software can also automatically download your 1099 data. In addition, it will provide you with a search of over 350 tax credits.

TurboTax is available in four versions, including the free edition. However, there are specific differences between each version. Therefore, you must determine the best for your personal or business needs.

Self-employed

Among its features, TurboTax for the self-employed comes with a particular Self-Employed Support Center that includes informational articles, an impressive library of tax tools, and many topics. It also boasts easy integration with your self-employed Quickbooks accounts. Lastly, the software has a mobile-ready interface that lets you prepare and file your taxes from anywhere in the world.

The TurboTax website boasts a searchable database of over 450 potential tax deductions and offers various other tax-related features and benefits. In addition to the standard online services, they also provide an app for Android and iPhone devices. It also imports hard copy tax returns and receipts from Square, Uber, and Lyft.

It’s also worth noting that TurboTax for the self-employed is the first program to feature an integrated social network. As a bonus, they’re giving users a free subscription to QuickBooks Self-Employed, which helps track expenses in real time.

Upgrades

Luckily for TurboTax users, the company is attempting to make it easy for you to upgrade your software. You can upgrade your version of the software right from within the program. This is an ingenious feature that Intuit has implemented to ensure you have the latest and most excellent tax tools.

For example, a new feature in the Deluxe version lets you import thousands of transactions directly from brokers. This is a handy feature for taxpayers with investment income or taxable events.

Another example is that the upgraded TurboTax version has robust security features that protect your data against hackers. Intuit has also responded to customer complaints by making it easier to access the removed forms.

If you are a TurboTax customer, you can take advantage of the upgrades for free. However, you will have to pay for the upgrade if you are a new product user. This is a cost that is equivalent to 10 boxes of Savannah Smiles.

Refund guarantee

Several companies guarantee you’ll get the maximum refund with their TurboTax products. In addition, they offer a satisfaction guarantee. If you’re unhappy with their product, you can request a refund within sixty days of purchase. However, you’ll need to submit your claim by May 31 of each year. You can also check out their Account Terms & Disclosures for more information.

TurboTax claims that 9 out of 10 taxpayers get their full refund within 21 days. However, they can’t always guarantee you’ll get your money back. They will still give you a partial refund if they cannot refund you the total amount. In addition, they’ll take back the cost of their software if another tax software provides you with a better refund.

Your refund amount will vary from state to state, depending on how you file your return. The IRS estimates that you’ll receive your refund in seven to fourteen days if you file your return by mail or with a direct deposit.