Turbo Tax
Turbo Tax, a subsidiary of Intuit, is one of the leading software package programs available to consumers for tax preparation. There are different versions offered by Turbo Tax (deluxe, premier, etc.). The software offers both Federal and State income tax return. Turbo Tax is designed to be user friendly, making it easy to navigate and understand the different options in tax breaks for the average person. The software takes care of the nitty gritty for the consumer instead of having to meet with a person one on one.
Largest Possible Refund Guarantee
Turbo Tax guarantees upfront that they will provide the consumer with the largest possible refund. If a customer finds another tax service offering a larger return, Turbo Tax will provide a full refund. Turbo Tax prides itself on being the easiest-to-use software for taxes in the industry.
Finds Deductions Easily
Turbo Tax ensures the customer detailed review of all possible deductions. There are over 350 possible deductions offered and many people overlook or don’t have the appropriate knowledge to claim the suitable deductions. This software will assist the customer in identifying every deduction. It even offers a review at the end of the filing to double check for missed deductions.
Turbo Tax has a built in system to assess retail values for commonly donated items. Many individuals have a difficult time knowing how much to claim for an item they donated months ago. Turbo Tax makes it easy to assess accurately the first time, without question. The software also will automatically let you know if you qualify for certain deductions on your medical expenses.
Import Data From Last Year’s Taxes
Turbo Tax allows users to import data from previous year’s tax in order to cut down on the time it would take to manually enter the information. The software will automatically check for the previous year’s tax data file and will give the user the option of importing the information. You can also import data from Quicken, Microsoft Money, ItsDeductible, TaxCut, TaxAct, Turbo Tax Estimated Taxes, W-2, 1098 and 1099 from most banks and any software that can export in .txf files.
Turbo Tax Pricing
Turbo Tax is free to use and will only require payment when you print or e-file your return. The basic package is $19.95, which is recommended if you are filing with a 1040EZ or if you rent your house. Other options are the deluxe which is recommended if you own your home, have donated to charities or have expenses for education. The premier package is recommended for anyone who has sold investments or using real estate as a source of income (renting out a house). The highest level a consumer can purchase is the Home & Business version which is recommended for people who own a small business and file personal and business taxes jointly.
Turbo Tax offers free online support where a user can ask a question and get an email response within an hour. Another option available for $29.95 is to ask a question via the internet and receive a live phone call with a highly trained tax professional. This option is good for those with more complex filing.
Turbo Tax is a good product for individuals, small business owners and those with multiple exemptions. More information can be found at www.turbotax.com.
{ 29 comments… read them below or add one }
My son is 18 and stil in school. He has a job and will be filing his own tax return, do I claim him as a dependant? His earnings are just under $10,000 for 2008
I work full time and am a part time student. I received financial aid for 2008 my tuition cost was 1000 and my financial aid was 869, how do I do this on my taxes?
I recently filed my taxes using TurboTax and was disappointed to find additional fees of $45+ only AFTER I had completed my returns. I think all costs and fees should be outlined upfront.
I have used Turbo Tax for many years. I have a “Drip” in Ingersol Rand stock that I began in 1992 with a $1000 investment. I invested regularly for a couple of years but then just reinvested the dividends. The stock had been up and down and I now have 444 shares. I would like to sell it this year. How do I get the basis value over all these years. Does your 2009 software explain this?
Thanks.
i don’t know about 2009 but 2008 TT Deluxe really did’t explain this except to reference IRS publication 551 basis of assets. but basically your costis your initial $1000 plus the reinvested dividends. You should be able to get the info from the reports (form 1099 or other statements issued by the dividend agent) you got each year which should detail the $ amount of reinvested dividends. If you no longer have those statements the dividend agent may be able to provide you with the info but they may charge for this. Note that over the years many company’s drip was handled by multiple agents and usually the info was noy passed on from one agent to the next (: good luck
What is the cost of the premier?
depends on where you buy it. reatil stores may run promos whiuch discounts the Intuits price. The prices vary widely if you buy it on the web.
in 2004 I purchased a turbo tax program called “I’ts deductable” is an updated version available?? Pamela Hagood
i need to get my federal and state tax forms for last year
I have been trying to get on your official website to get a copy of my 2008 tax returns and every time I go to it the sever does not seem to work. Can I have a copy -mailed to me. It is very important.
Thanks in advance.
Chris.
I had a rental property for 6 months, then I sold it at a loss (compared to the value when I bought it a few years ago).
Which Turbo Tax should I buy in order to cover the rental income, expenses, selling and loss. Thanks
Do I have to purchase Turbo Tax every year or can you update the program yearly?
You have to purchase each year.
How doI get a copy of my 2008 tax return.
Visit your local IRS office with photobid and proof of social security #.
I have used Turbo Tax for 4 years, retired ‘ quite a simple return. Will I qualify for fee turbo tax? Have limited income; retired, Income is SS and less than $10,000 in income from mutual funds. This is for a married couple filing joint return.
I am a recent widow and need to know how I list my social security benefits, as income with my work income. DO I HAVE TO CLAIM ALL OF IT AS INCOME.
I have a small corporation in the state of PA. It is not an s corporation or c corporation, just a standard corporation. What does Turbo Tax offer for tax reporting and also for the state of PA? Not sure what produce to buy and does it also filter into the state return.
Thanks,
Stuart
I have used the premier turbotax edition for several years. In those years, I could always do my aged mother’s taxes in addition to our own, but this year, it appears that one can only do one, repeat one, state return; if you do more, there is a substantial fee for an extra state return. I have contacted turbotax about this change in policy; no response yet. Is this a change to the use of the federal/state package? If so, it was not clear that this change was noted in their advertising.
I need to do a enjured spouse foam this year. can I do this with turbo tax. if yes could you tell me how. thankyou!
I have been hearing good feedback for turbo tax. I have never used your software,but i,m thinking about it. I have never filed on line.I,m not sure if i want to file on line.Is it safe? will all of my information be safe and secure and private?Can you promise that all of my information will be safe and not read or used by anyone but myself?
I would like to know the status of our 2009 tax return ASAP. I have kept watching by back accoubt and my pc with no word from you, I am geting very worried since this is the first time we filed this way. Plesase contact my ASAP.
I have heard that the 2009 version of TurboTax is not compatable with windows XP. Is this correct? I don’t want to purchase it and find I can’t use it or am being forced to change my computer to do so.
to whom it may concern i need to get my agi from 2008 to complete thi s year
I foreclosed on a property, can turbo tax walk me though this??
I filed my taxes on line and I printed my taxes but I exited out to early how can I fix this ?I was not done with the rest of my taxes yet what do I do? So I dont know if the IRS has recived my information ? I tryed to log on to my account but got no where please help me? Thanks
I filed my return thru your company on January 8, 2010. The IRS says that they never received the return. What can I do?
need to figure my taxes
look at the bottom line of the first page of your federal return from last year, it says “adjusted gross income” (agi).