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This is a review of TurboTax and the various features it provides, as well as its pricing in 2022. It details different aspects such as price, user interface, mobile app support and more.
The “turbotax full service review reddit” is the latest TurboTax Review and Pricing. The company has released a new pricing plan for their services in 2022.
Intuit’s TurboTax is a do-it-yourself (DIY) tax software that lets you to prepare and submit your taxes electronically, either online or on your computer. W-2 import, a Maximize deductions, and a App for mobile devices are among the features. You may file basic returns for free using its online tools, or you can pay for one of three paid DIY packages, which start at $60 per return for federal filing and $50 per state for state filing.
For a minimum of $80 for basic returns, sign up for a Live version of TurboTax, which includes limitless tax guidance while you file your taxes, or upgrade to full service, which includes a tax pro filing your taxes for you, with fees starting at $130 for federal filing and $45 for state filing.
TurboTax may be found at turbotax.com.
TurboTax: What We Recommend It For
For individuals who want to prepare and submit their own tax returns but would benefit from the help of a tax professional, we suggest TurboTax. In our Best Small Business Tax Software guide, it came out on top for freelancers and the Self-Employed.
TurboTax Live is a live version of TurboTax. gives you the option of getting limitless tax guidance or full-service tax preparation, depending on your requirements. Its free version is appropriate for submitting basic tax returns, while the subscription packages assist you in dealing with more complex tax issues. It’s particularly beneficial for QuickBooks users who are Self-Employed.
If you don’t want to do it alone, TurboTax provides Live versions, which provide on-demand live assistance from a tax expert prior to filing. You may sign up for TurboTax Full Service if you want a tax professional to handle everything for you.
TurboTax Is Particularly Beneficial For
- Those who are freelancers or Self-Employed who desire to speak with a tax specialist include: Consult a tax expert to better understand the effect of tax reform on your own tax position and to get the best potential filing result.
- Taxpayers who wish to import bitcoin transactions can benefit from TurboTax’s partnership with Coinbase, which will allow you to e-file your cryptocurrency profits and losses. You may import up to 250 transactions from Coinbase at once with TurboTax Premier.
TurboTax Isn’t Right For You
- Tax preparers who are professionals: If you work as a paid tax preparer, you won’t be able to utilize TurboTax. Tax preparers that are paid may select from our list of the finest tax software for tax preparers.
- Businesses seeking for the most cost-effective option: TurboTax is one of the most costly DIY tax programs available, so if you’re on a limited budget, TaxSlayer or other less expensive choices could be a better fit.
- Those searching for a single software to manage their company, partnership, and individual tax filings need look no further: To prepare and e-file their income and company taxes with TurboTax, corporate owners and partnerships must buy separate packages.
Are you on the lookout for something unique? Read our guide to the best tax software for small businesses. We looked at a number of options in this guide and restricted our suggestions based on the cost of completing the average bundle of returns needed by most company owners.
Pros and Cons of TurboTax
TurboTax may be found at turbotax.com.
Pricing for TurboTax
Pricing for TurboTax can be confusing. First, you choose between Basic, Deluxe, Premier, and Self-Employed versions based on your filing needs. Then, you choose between DIY, Live Basic (assisted), and Live Full Service depending on your preference. Assisted plans provide a consultation with a tax professional, while with the Full Service plan, a tax professional prepares your entire return. Prices for its CD or downloadable version range from $50 to $120 for federal returns.
Free/Basic
Only basic tax returns are included in the free version, which includes W-2 income, child tax credit, and EITC. Form 1040 and a state return are free to file, but Schedules 1 through 3 are not. Upgrade to the Live Basic edition for on-demand video access to a tax expert as well as a final assessment.
Deluxe
All of the features of Free are included in Deluxe, as well as access to over 350 tax deductions and credits. It’s ideal at maximizing mortgage and property deductions, and it includes a separate software called “ItsDeductible” that helps you optimize charity contributions.
If you need help with W-2 and unemployment income, mortgage and property tax deductions, charity gifts of more than $300, and student loan interest and school expenditures, you may want to upgrade to TurboTax Deluxe Live.
Premier
If you own rental property or have assets, this plan is for you. It has everything in Deluxe plus the ability to automatically import investment income and manage bitcoin transactions. Stocks, bonds, ESPPs, and other assets, as well as rental property income and deductions, are all covered by Premier.
Self-Employed
If you have business revenue and costs, you’ll need the Self-Employed edition. It offers everything in Premier plus further deduction assistance. You can import your business revenue and deductions to TurboTax if you use QuickBooks Self-Employed.
Features of TurboTax
TurboTax has a number of assurances and tools to help you complete your federal and state taxes quickly and efficiently while maximizing your deductions. The following is a list of some of TurboTax’s most appealing features.
TurboTax Live is a live version of TurboTax.
TurboTax Live is a live version of TurboTax. (Source: TurboTax)
TurboTax Live is a live version of TurboTax. offers tax services on two different levels—assisted and full-service. The assisted service is ideal if you want access to expert advice while you’re working on your taxes, with a final review. If you would rather let a tax expert do your taxes for you, you can upgrade to TurboTax Live is a live version of TurboTax. Full Service. Upon enrollment, you’ll be matched with an accountant or certified public accountant (CPA) who will connect with you on a one-way video call to learn more about your business and then prepare your return from start to finish. Once your return is ready for review and filing, you’ll meet with your tax specialist again to ensure that the information is accurate. TurboTax Live is a live version of TurboTax. services are available with each of the subscription plans, from Basic to Self-Employed.
Maximize deductions
TurboTax Maximize deductions (Source: TurboTax)
TurboTax will go through over 350 tax deductions and credits to uncover every eligible tax break that can increase your return. You’ll also get step-by-step instructions on how to transform your investments into tax advantages.
Guaranteed accuracy of 100 percent
CompleteCheck by TurboTax (Image courtesy of TurboTax)
TurboTax CompleteCheck checks for missing, incomplete, or conflicting information. It then guides you to easily fix errors before you file. If you have elected to work with TurboTax Live is a live version of TurboTax., a tax specialist will double-check your return for errors before you file and as you go. TurboTax guarantees that all calculations are 100% accurate, or it’ll pay any penalties and interest that you’re charged by the IRS.
Assurance of Audit Support
If you’re audited by the IRS, you’ll get free one-on-one audit support from a TurboTax consultant who will explain your IRS notice and answer all of your audit-related questions. Your tax advisor will not represent you in the audit or give audit counsel (including legal advice), but they will walk you through the procedure step by step.
If you need audit defense, TurboTax has teamed up with TaxAudit to provide this service. You may avoid the uncertain price of engaging a tax expert by having a prepaid audit defense each year with TaxAudit for $49.99 per year. It will defend both state and federal tax returns, including late-filed filings. It will also explain your alternatives and assist you in developing a plan, in addition to scheduling and attending any audit appointments on your behalf.
App for mobile devices
TurboTax App for mobile devices Source: TurboTax
The TurboTax App for mobile devices (available for free on Google Play and the App Store) lets you use your smartphone or tablet to work on your tax return. You can file your own taxes for free with the free edition for simple tax returns, or you can talk live on-screen with one of TurboTax Live is a live version of TurboTax.’s tax experts. They’ll provide unlimited tax advice and an expert final review before you file with TurboTax. You can also snap a photo of your W-2, answer simple questions about your life, and e-file securely from your mobile device.
Calculator for Donations
TurboTax’s ItsDeductible Calculator for Donations (Source: TurboTax)
TurboTax’s ItsDeductible, which is available with the Deluxe, Premier, and Self-Employed plans, might help you if you make frequent noncash charitable gifts. It’s a free online tool that tells you how much your gifts are worth according to IRS guidelines. ItsDeductible estimates the financial worth of your given things using market data from online thrift stores, resale shops, and auction platforms like eBay. You must create a free account and submit some basic information, such as your name, estimated income, and tax filing status, in order to use this program.
Importing Tax Documents Automatically
TurboTax imports your W-2 directly from your employer automatically if your employer is partnered with TurboTax. Alternatively, you can take a picture of your W-2 and upload it to your return using the App for mobile devices. You can also import certain 1099s, and TurboTax’s Self-Employed version lets you upload 1099-NEC images as well as income and expenses from Square, Uber, and Lyft.
Options for Tax Refunds
You have various options for receiving your tax refund: a physical check, direct deposit into your bank account, applying it to next year’s taxes, or purchasing US savings bonds. You can also use a portion of your refund to pay for your software, but there will be additional charges.
Customer Service and Usability
Features of TurboTax a neat and intuitive user interface that offers easy access to the important tools you need. The left side of the screen displays a vertical toolbar that lets you go to important sections, including MyInfo, Federal, State, File, and Review. 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.
There are several ways to get help from TurboTax. You can contact technical support through a chatbot or a contact form. If you’re a paid user, you have access to a TurboTax specialist. Its most outstanding support option is TurboTax Live is a live version of TurboTax., which gives you access to a one-on-one review with a tax expert prior to filing as well as unlimited advice as you do your taxes. You can also opt for its newest feature, TurboTax Live is a live version of TurboTax. Full Service, which will prepare and file your return for you. 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.
Dashboard for TurboTax (Source: TurboTax)
Alternatives to TurboTax
Conclusion
Although TurboTax is more expensive than its rivals, its simplicity of use, extensive features, great customer service, and live connection with tax professionals earn it a spot on our list of the best tax filing software. While tax filers in complicated scenarios will need to switch to more costly plans, it’s still a cheaper alternative to hiring a CPA to do your taxes.
You may trial TurboTax for free and only pay after your return is filed.
The “is turbotax safe” is a question that has been asked many times. The answer to the question is yes, but there are some risks with using TurboTax.
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