Intuit’s TurboTax is one of the most streamlined and efficient tax platforms available.
TurboTax is easy to use, as it will automatically generate information based on tax documents you have available. TurboTax allows you to prepare your returns for free, and you’ll only pay when it’s time to file. As with other options, the company offers tiered plans that will depend on the scope of your finances. You can file simple 1040EZ/1040A tax returns absolutely free, but if you are looking for maximum deductions and credits, you’ll want to upgrade to the Deluxe option. The Premier level allows you to prepare returns with investments and rental property. For self-employed individuals, the Self-Employed package takes care of both your personal and business expenses, maximizing deductions for both. TurboTax’s newest offering is TurboTaxLive, which gives you on-demand access to a CPA or EA who will also review your return before submission. TurboTax allows you to receive refunds via direct deposit and even has a mobile app that you can work from.
TurboTax is perfect for those who are looking for an efficient way to maximize refunds.
The biggest perk of TurboTax is that it does the hard work when it comes to searching for deductions and credits. Based on the information you upload and questions about your financial situation, it will look for over 350 available deductions.
As a bonus, TurboTax stores your information for you each year, making it even easier to access past returns and tax data.
With TurboTax, you can Start for Free: Pay only when you file
- AbsoluteZero Free Edition for 1040EZ/1040A: Federal $0; State $0.
- Deluxe: Federal $59.99; State $39.99. Get $20 off
- Premier: Federal $79.99; State $39.99.
- Self-Employed: Federal $119.99; State $39.99.
- TurboTaxLive: Federal: $179.99; State $39.99.
Special Offer: Get up to $20 off TurboTax (offer expires soon)
Ease of Registration: Simple—answer a few questions and TurboTax will help guide you to the right product. Then, sign up for an Intuit account, and you can get started immediately entering your information.
Bottom Line: TurboTax has brand recognition backed up by numerous features and ease-of-use. However, for those with more complicated tax structures, it can get expensive.