- TurboTax Free Edition
- TurboTax Deluxe
- TurboTax Premier
- TurboTax Home & Business
TurboTax has 2 options for customers to choose – Online or Desktop products. TurboTax online is a good choice for many users, with cheaper price, do your taxes online with an Internet connection.
Desktop products give you another advantage, you can work on your taxes on your computer.
Now we will take a look at the online option.
TurboTax has improved and tried to help customers choose the right version of TurboTax software to purchase.
TurboTax asked customers choose some info such as if you are single, have children/dependents, own a home, maximize deductions and credits, sold stock or bonds/ Own rental property, own a business/ sole proprietor.
After you chosen some provided infomation, TurboTax will recommend a suitable version to meet your tax needs. There are some version from simple to complicated ones.
- The Federal Free Edition is simple one, good for single people or ones having children/dependents.
- If you own a home and want to maximize your tax deductions, the TurboTax deluxe version is recommended.
- If you care about investment and rental property, you should look at the TurboTax Premier.
- An Turbotax Home and Business, its name speaks itself, is suitable for people who is running business.
And there is something maybe you misses. It is another option to use the service – No money out of pocket. TurboTax will use your federal tax refund to pay for the service, the rest of your refund will be deposited to your bank account later. No credit card required. However, you need to be aware that maybe there are additional fees for this service.