Tax season can be overwhelming, especially when you don’t know all the formalities involved. Even if you do, it is still hard to fulfill those. Looking for a tax advisor, calculating all your numbers, finalizing those, standing in queues, and getting your tax audited–it is a draining experience. What if there were a tax solution that does all of that with ease in minutes? There are a lot of programs, and TurboTax is one of them.
TurboTax is one of the most popular platforms available. It’s an easy-to-use tax filing service that walks you through the entire process. From filing to getting a refund, everything is covered. But before you dive in, you may be wondering if it’s the right choice for you.
This in-depth review will help you make an informed decision about whether or not it’s the right choice. We’ll discuss the features and benefits of TurboTax, such as its comprehensive tax guidance, secure filing options, and free filing options. We’ll also explore the cost of the platform, its user-friendliness, and its customer service. With this review, you’ll be able to make an informed decision without any trouble.
Overview of TurboTax
TurboTax is an online tax filing platform and an easy-to-follow companion that aids your tax filing process. It walks you through the process from start to end, making your tax preparation as simple as possible. TurboTax is available in both free and paid versions. The free version is the perfect choice for basic tax filers, while the paid versions are designed for more complex tax situations.
Features and Benefits of TurboTax
Comprehensive Tax Guidance
TurboTax walks you through every step of the tax filing process, ensuring you don’t miss any important information.
Secure Online Filing
All your information is stored online, and the company uses secure protocols to protect your information. So, you don’t need to worry about any possible data thefts.
Free Filing Options
TurboTax has both free and paid versions available. The free version works for basic tax situations. However, it has limited functionality.
Dedicated Tax Experts
TurboTax has a team of dedicated tax experts, including CPAs and tax attorneys, who are available throughout the tax season to answer any questions you may have.
Cost of TurboTax
You get various options to work with when it comes to filing your taxes with TurboTax. We are discussing all of them below.
Free Edition
The free Edition comes with basic functionalities, such as filing simple federal and state tax returns. However, the definition of the word “simple” is unknown, and you can never know for sure if you can get away with the free version or not. It also covers W-2, EIC, and child tax credits. You should not expect anything extraordinary for free. Let’s see all of the features below.
- Free filing of simple taxes (federal and state involved)
- Covers W-2, EIC, and child tax credit
- Audit Guidance
- 24/7 online support
Deluxe
The Deluxe costs you $39, and it is aimed towards maximizing tax deductions and credits. We are listing some of the additional features below.
- Searches 350+ tax deductions and credits to offer the best to you.
- Mortgage and property tax deductions are also taken care of.
- Way to turn donations into deductions.
Premier
Premier costs you $69 and provides you with everything that comes in Deluxe, along with some added features.
- Stocks, bonds, ESPPs, and other investments are covered.
- Imports your crypto and stock activity automatically.
- Covers additional income like rental property income
Self-Employed
This is the costliest of the package and costs you $89. It is built keeping Self-Employed and business persons in mind. Let’s see what it has to offer.
- High-quality guidance for people who work independently, such as freelancers, small business owners, and independent contractors.
- It brings in industry-specific deductions so that you can save the most.
- Audit assessment
So, you get decent pricing options to work with, and the pricing in itself is not that much. However, one of its competitors, H&R block, offers nearly the same for quite less.
User-friendliness
A key feature of TurboTax is its user-friendliness. The platform is designed to be as simple as possible, making it easier for you to navigate. You can search for terms, use helpful categories to organize your information, and take advantage of a step-by-step guidance system. This makes it easier to complete your taxes, regardless of your level of tax knowledge.
So, using the program overall is a good experience whether you are a newbie or an experienced one.
Customer Service
TurboTax is committed to providing a high level of customer service. The platform has a dedicated help center that can be used for both general information and specific tax-related questions. The help center also has a search option, making finding information relevant to your tax situation easier. If you have a more complex tax situation, TurboTax has a dedicated team of tax experts who can help you with any questions or concerns you might have.
Conclusion
TurboTax is an online tax filing platform that lets you file taxes from the comfort of your home. This user-friendly platform makes completing your taxes easier, regardless of your level of tax knowledge. And they also got a dedicated team of tax experts ready to assist you with any questions or concerns. With these features and benefits, TurboTax is a great choice for tax filing. Though TurboTax provides solid features, it is definitely not the most affordable of all. And the business version of the product is not mac compatible. If you got an apple device, then you won’t be able to use it.
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