TurboTax Review – Filing Online

filing taxes online with TurboTax

If you haven’t already filed your taxes, then today’s review may be prove to be extremely beneficial for you. For the last few years our family has used TurboTax to take care of our tax paperwork online.

Which Turbo Tax Edition Fits You?

While Home & Business is the best fit for us, it isn’t the only edition TurboTax has available. Here are some quick descriptions to help you decide on which edition will fit your needs. turbotax online deluxe

  • Free Edition: If you have a very simple tax return to file, TurboTax Free Edition is the way to go.
  • Deluxe: Many people will find this a suitable option to take care of their tax deductions and credits for families and homeowners.
  • Premier: This edition is designed for those who have numerous investments or if you own rental properties.
  • Home & Business: Entrepreneurs with either sole proprietor, consultant, contractor or single-owner LLC business will find this edition more than capable of handling their business.
  • Business: If you have a corporation, partnership or multi-member LLC, TurboTax can help you optimize your tax return.

We’ve been happy with TurboTax and how easy it is for us to file using their services. If you want to get started on your taxes, grab your copy of TurboTax today!

TurboTax Hunts for Deductions and Credits

filing taxes online with TurboTax
Filing our taxes have been easy with TurboTax.

No matter which edition you use to file your taxes online, TurboTax digs  through and find what deductions and credits you may qualify for on your return. What’s so special about getting tax deductions and credits? Tax deductions reduce your taxable income while tax credits lower your taxes owed.

Things change year to year, so it may seem impossible to find all the credits and deductions. With the interview style of TurboTax, however, you’ll discover some credit and deductions you may have missed, including:

  • State sales tax
  • Childcare tax credit
  • Casualty loss deduction
  • Medical expenses
  • Unemployment expenses
  • Energy saving home improvements
  • Volunteer contributions

The program asked questions to see if we met all the requirements and then adjusted the estimates on our refund as we went through the process.

TurboTax Can Cover Home & Business

We use TurboTax to take care of our home and businesses taxes. The program will quickly get your information and sort through what you need easily.

Here is a list of some of the paperwork we needed for our income:

  • W-2s from your job(s)
  • 1099-DIV: Dividends
  • 1099-INT: Interest Income
  • 1099-MISC: Miscellaneous Income

It was a snap to get this information in as we received the documents. Having a save option allowed us to get the return bit by bit, so it never felt like we were bogged down with our tax return.

Thoughts on Using TurboTax for Your Family

I’d like to get your feedback – how many of you have used TurboTax online? Which edition do you use?

Photo Credit: alancleaver_2000

VINE & LACE

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.