TurboTax by Intuit Tax Software Review

TurboTax by Intuit - Overview

TurboTax by Intuit gets our nod for best tax preparation software simply because it is the most complete tax preparation package and has the most no-nonsense and intuitive interface out there. TurboTax also provides excellent tools and guidance for helping taxpayers create accurate returns, while taking into account all relevant information to maximize their deductions. TurboTax by Intuit is simple enough for first-time users and detailed enough for seasoned tax professionals. In addition, TurboTax Live, an add-on support feature, is available with all online plans. Expert help is available in Spanish, as well. 

Finally, for those who want nothing to do with filing their own taxes, TurboTax offers a Full-Service option. Prices for this service vary according to the complexity of your tax return. Currently, TurboTax is offering a limited-time early filer discount of $20 off its prices for all paid federal tax plans. Self-employed taxpayers will receive a $30 discount during this promotion.

Platforms

Cloud-based
Software
Mobile app

TurboTax DIY Software Features and Pricing

TURBOTAX FREE Edition - $0 (State Filing Additional)

TURBOTAX DELUXE Edition- $69 (State Filing Additional)

This plan is TurboTax's most popular edition, and it's ideal for everyday people looking to maximize deductions and credits. 

• Search over 350 tax deductions and credits
• Special guidance for homeowners to maximize mortgage and property tax deductions
• ItsDeductible program for charitable donations

TURBOTAX PREMIUM Edition- $129 (State Filing Additional)

The Premier Plan is specifically designed for those looking to make the most out of their financial investments and rental properties. It includes everything in the Deluxe Plan, plus:

• Get investment income automatically imported from thousands of financial institutions
• Accurately report stocks
• Calculate capital gains/losses 
• Set up rentals and report depreciation
• Schedule D assistance
• Import last year's return from TurboTax or a competitor
• Accurately account for gains and losses from cryptocurrency transactions

TurboTax Live-Starting at $69

In 2018, TurboTax launched TurboTax Live, a product that allows you to do your taxes side by side with a live, onscreen tax expert. TurboTax Live is available starting at $79 with TurboTax Live Basic. Customers can ask as many questions as they need along the way to filing. Your assigned tax expert will suggest changes as necessary and sign off on all work before you file. Once your return is officially approved for filing by TurboTax Live, it is backed by the company's 100% Accuracy Guarantee. 

• Talk to tax experts in real-time—simply click to connect when you need advice 
• Unlimited, on-demand answers from a tax expert
• Year-round support
• Automatic import of your W-2 
• Final Review — TurboTax’s tax experts can review your return line-by-line and guarantee it for 100% confidence.

Features

Federal Tax Preparation with state tax included for an additional fee

Data import

• Previous year’s tax returns
• Company information
• W-2 and 1099

Accuracy

• 100% accuracy guarantee
• Life events (instantly change your status, personal information)
• Tax review
• Professional tax preparation assistance

Refunds

• Direct deposit to your bank account
• Check refund
• Use deductions to pay for tax preparation services

Support

Expert support available
Audit support
24/7 AnswerXchange Hotline

TurboTax Live Full Service

Filing taxes is mandatory by law, of course. But taking the time to fully understand tax filing requirements and preparing tax forms isn't for everyone. TurboTax has introduced its own full-service tax preparation for taxpayers who want to take a hands-off approach to filing. You can opt for full-service at any time while using a TurboTax Live version by clicking a button.It's a great escape route if preparing your own taxes proves too frustrating or overwhelming.

New for the 2021 tax year, TurboTax uses artificial intelligence and machine learning to match you with the right tax expert based on your unique situation. With a network of thousands of tax experts, TurboTax can connect you with an expert with just the right knowledge base and experience and give you greater confidence that your taxes are done right.

TurboTax by Intuit Tax Preparation Summary

TurboTax by Intuit offers a comprehensive tax preparation package for cloud, mobile, and computer-based use. All of their plans are filled with features designed to streamline difficult steps when preparing your tax returns. We found it quite capable of handling both simple and complex tax returns, while ensuring accuracy each step of the way. With TurboTax, you can be assured that all of your important information is collected and you get the maximum refund on your tax return.

**Maximum Refund Guarantee - or Your Money Back: If you get a larger refund or smaller tax due from another tax preparation method, we'll refund the applicable TurboTax federal and/or state purchase price paid.