TurboTax is an Intuit product and is one of the most respected tax software programs. The software is well-developed and makes tax preparation and e-filing simple. You answer questions about your work and life, and the software uses that information to fill out your official state and federal tax forms. The system is thorough when checking for potential problems, and you may receive help if you’re audited after filing through the TurboTax software.
The downside to TurboTax is that the free edition only includes simple tax forms. If you’re self-employed or have a more complex tax situation, you will likely need to pay for access to more complicated tax forms. The service is often marketed as a free tax filing software, but it’s not free for everyone.
You may not know that you must pay for an upgraded service until after you enter your personal information and prepare your tax forms through the software. It’s a bit of a shock to follow what you think is a free process only to see a price tag at the end. We’ll make it simple for you right now by noting that TurboTax probably isn’t free if you need anything other than a basic 1040 tax form.
TurboTax offers a variety of advanced services, including the Live tax filing products that allow a real CPA or EA to go over your tax forms before they’re filed. These advanced services aren’t free, but they’re worth considering if you want to ensure that your taxes are filed properly.