Reviewers also praised the 100% Accuracy and Audit Support Guarantees which provided peace of mind when filing. Users appreciate that there are tax services available for every tax situation, including the ability to customize the software for users that are well-versed with their particular situation. TurboTax Dashboard (Source: TurboTax) TurboTax User Reviews You’ll meet the tax specialist on a video call before they begin work, and then again when your return is ready for review and filing. You can also opt for its newest feature, TurboTax Live Full Service, which will prepare and file your return for you. Its most outstanding support option is TurboTax Live, which gives you access to a one-on-one review with a tax expert prior to filing and unlimited advice as you do your taxes. If you’re a paid user, you have access to a TurboTax specialist. You can contact technical support through a chatbot or a contact form. There are several ways to get help from TurboTax. Other helpful features for new filers include the site’s content outline, a searchable list of tax forms and schedules, and embedded links with tips and explainers. The left side of the screen displays a vertical toolbar that lets you go to important sections, including MyInfo, Federal, State, File, and Review. TurboTax features a neat and intuitive user interface that offers easy access to the important tools you need. You can also choose to use a portion of your refund to pay for your software, but additional fees apply. You can choose to receive your tax refund in several ways: get a paper check, receive a direct deposit to your bank account, apply it to next year’s taxes, or buy US savings bonds. Below is a sample of TurboTax’s most attractive features. TurboTax gives you access to several guarantees and features that help you easily file your federal and state returns while maximizing your deductions. The biggest changes relate to tax brackets and limits for retirement accounts, which increased for both 20. In 2022, TurboTax added major upgrades to its forms for tax changes in the American Rescue Plan, such as questions about stimulus payments and the Advanced Child Tax Credit. It can prepare the tax returns for S corporations (1120S), C corporations (1120), partnerships (1065), and trusts (1041). In addition to the individual return software listed in our table above, Intuit offers TurboTax Business as a downloadable program for $190 for the federal program. If you’re a QuickBooks Self-Employed user, you can import your business income and deductions to TurboTax. It includes everything in Premier, as well as extra deduction help. The Self-Employed edition is required if you have business income and expenses. In it, we evaluated several solutions and narrowed our recommendations down based on the price of preparing the typical bundle of returns required by most business owners. Businesses requiring an online program to prepare both individual and business returns: TaxAct is the only software reviewed that allows for online preparation of both individual returns (Form 1040) and business returns (Forms 1120, 1120S, and 1065).Ĭheck out our guide on the best small business tax software for additional options.Freelancers looking for free software to file an individual return with Schedule C: We selected FreeTaxUSA as the best free tax software for freelancers because it allows self-employed business owners to file their Schedule C for free, plus a state tax return at a low cost.Businesses needing inexpensive DIY filing options: The online DIY filing options of H&R Block are less expensive than TurboTax in every category, including state filing fees.
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