Here’s an overview of the different TurboTax editions and options, with their cost: Tax Software Live is available with online editions only. 15 for Full Service or March 31 for Live.
Live and Live Full Service are extra unless you’re filing a simple return by Feb.
You can do your taxes online or purchase a downloadable version, which is also available on CD. How much you pay for TurboTax depends on the edition and format you use. How Much Does It Cost To File Taxes With TurboTax? 15 for Full Service and March 31 for Live Basic.
Both of these premium services are available for free to customers with simple returns. Full Service customers turn over the whole process, from preparing to signing and filing their returns, to a professional. Users who purchase the Live version of any online edition get on-demand help from a CPA or enrolled agent plus a line-by-line review of your return before you file it. In either case, TurboTax walks you through the process. You’re then ready to e-file your return or print it to file by mail. The TurboTax CompleteCheck feature reviews your completed return to identify possible errors and oversights. All editions import return users’ prior-year information. Upgraded editions cover additional, more complex situations such as education-related deductions, investment income and capital gains and losses. The free edition covers W-2 income plus the earned income tax credit and child tax credit. You start by answering a series of questions designed to help TurboTax accurately assess your tax situation and transfer information to the correct forms so you don’t have to enter it manually. TurboTax’s simple interface helps users navigate the complex tax-filing process. Don’t mind paying extra for the hand-holding TurboTax’s interview-style interface provides.Here’s a look at what kind of user is best served by each platform. Is TurboTax better than H&R Block? For some users, perhaps. This guide provides a breakdown of both tax-filing services to help you decide which one is best for you. So which online tax service is best? That depends on how complex your tax situation is and how much assistance you need.
Both companies offer COVID-safe virtual tax preparation as well as drop-off service and in-person appointments. And while H&R Block has always had tax pros available to complete your returns for you, TurboTax now provides that service, too. Both companies let you work online or download software to prepare returns to print and file by mail.īoth services also give users access to tax professionals who can help you if you get stuck. No one likes filing income tax returns, but platforms such as H&R Block and TurboTax make the process more convenient and less intimidating.