Tax time is coming around once again. This year, put away the pencil and calculator and fill out your Federal and State taxes using Turbo Tax Online. It will save you time, headaches, and gets you your refund in 10 days!
What is Turbo Tax?
With Turbo Tax online, you can prepare and file your income taxes from your computer! The IRS-approved forms are step-by-step, easy to understand, to the point, and additional help is available the entire way through. It even stores your information for later use. In addition, you can jump to sections of your return. If you used Turbo Tax the previous year, you can import data from it to use on the current year’s form. It also imports info from Quicken, Quickbooks, and Microsoft Money.
It is the #1-rated tax software year after year. Turbo Tax has a 100% guarantee that their calculations are correct. If there are questionable entries, Turbo Tax will ask you to double check them. Turbo Tax reviews your entire return and alerts you to entries that could put up a red flag for an audit. It is pretty much fool- and error-proof.
Furthermore, Turbo Tax keeps a visible continuous calculation of how much you will be refunded or how much you owe in a small box on the screen. Additionally, by filing online through Turbo Tax, you will get your refund a lot faster. In most cases, you can have your refund in 10 days!
Check out the screen shots here: http://tax-software-review.toptenreviews.com/i/scrn/turbotax-large2.gif
What do I need?
You will need a computer and Internet connection. Then, visit TurboTax.com to select the software you want to use. You can choose between a basic product (for those who typically use simple forms like 1040EZ), deluxe product which is better for those wanting to maximize deductions, premier software for investments, and the home and business Turbo Tax if you’re a sole proprietor.
Use Basic if you meet any of the following criteria:
-you have income to report (W-2, social security, 1099, or alimony)
-you rent your home or apartment
-you have education expenses
-you don’t have any charity contributions or many deductions to claim
-you don’t sell investments
Turbo Tax Deluxe is best suited for those who meet any of the following:
-you own or sold your home in 2005
-you claim charitable contributions
-you had medical expenses you want to report
-you don’t sell investments, you don’t have rental property, and you don’t have your own business
Choose Turbo Tax Premier if:
-you own rental property
-you sold investments
-you don’t have your own business
Use Turbo Tax Home & Business if you own your own business and receive income from it.
How much does it cost?
Basic costs $14.95 for Federal returns. Deluxe will cost $29.95, Premier for $49.95, and Home & Business for $74.95. State returns cost $25.95 with each package.
Check with your financial institution beforehand because sometimes they offer Turbo Tax at a discounted price.
Keep in mind that you can fill out your taxes and pay ONLY after you decide to file with Turbo Tax. If you aren’t happy with Turbo Tax, you don’t have to pay a dime. They ask for payment when you file.
I think you will be quite tickled with Turbo Tax. I have used Turbo Tax online with a price discount through North Carolina State Employees Credit Union for two years and am very pleased with it. I use the basic Turbo Tax program, plug in my info and numbers, and am done in about an hour – error free. All I do then is return to check my status (to see if everything has been accepted).
Turbo Tax is a product you definitely will want to try for the upcoming tax crunch!