How does your tax preparer of choice compare to others? Many online and at-home filing services are available, but Turbo Tax is among the most popular option. With millions of annual users worldwide (and counting), it’s no wonder this program has become such a household name in America! Keep reading if you want an honest review on whether or not switching from another company could save time – AND MONEY!!
What’s the right tax preparation and filing service for you? With many different options, it can be hard to decide. TurboTax offers a variety of services that will suit your needs perfectly! If the free federal edition isn’t enough (it comes with limited features), try out one or all three deluxe editions–including their most expensive option, which includes state taxes.
Turbo Tax – Free Edition
Before purchasing Turbo Tax Plus, you may consider using the software’s free edition. The free edition of Turbo Tax is perfect for those who want to do their taxes without paying fees. The product offers two options – 1040EZ or simple A, which can be filed by itself if you don’t have any other forms that require completion with outside sources like W2s from employers and such. It also handles EIC credit and some other credits available under healthcare legislation, such as COBRA coverage.
Turbo Tax Plus
If you’re using the free edition of TurboTax and are encountering more complicated tax issues, get ready to pay because there are extra fees when opting into their Plus package. You’ll be able to transfer last year’s tax data and receive live chat support and storage for your return. In addition they provide a personalized analysis report that isn’t offered in Standard or Self-Prep bundle packages so this might just save time overall if doing things yourself.
Is Turbo Tax Plus Worth it?
TurboTax Plus has many features which make it worth the upgrade fee. For starters, you can import your previous year’s tax return into this software so that all of those tedious data entry tasks are taken care off reside on one page. In addition to saving time in preparing for an upcoming audit or meeting with a financial representative from Uncle Sam himself, extra assistance is also included.
The complexity and burden of taxes can be daunting. Filing your return yourself could mean missing hundreds or thousands in credits and deductions – you name it! Plus, the IRS could penalize anyone who files inaccurate forms with them, so going through this process at home might not always be advisable given that inaccuracies could be made due to human error; which then leads us back into square one… needing professional help again but now from someone else because why would I trust my math skills?
What do you get with Turbo Tax Plus?
With Turbo Tax Plus, you’ll get all the great features of our regular Turbo Tax product, plus a few extra perks to help you maximize your refund.
When you upgrade to Turbo Tax Plus, you’ll get access to their Expert Review service. Turbo Tax experts will review your return with a fine-toothed comb to ensure you’ve claimed everything you’re entitled to and that nothing has been missed. With this membership, you’ll get personalized tax tips to help you maximize your refund and access to our exclusive Smart Insights™ program.
In addition, Turbo Tax Plus comes with our Audit Defense service. If you are ever selected for an audit by the IRS, we will provide professional representation so you don’t have to go through it alone. They will handle all the paperwork and correspondence for you, and we’ll be there to answer any questions you may have. You will have a dedicated expert who will walk you through every step of an audit and communicate with the IRS on your behalf.
If you experience personal identity fraud, a Resolution Specialist will help by taking on the responsibility of recovering your identity. This service is available to the primary and secondary filer and their dependents.
With the MyDocs™ feature, you can easily store, access, and protect all your important tax and financial documents in one convenient location. All documents you upload into secure storage will be available with just a few clicks – all year round. MyDocs™ is great for documents like W-2s, current and prior year returns, 1098–E, and 1098–T forms. Plus, they offer the option to pay for your TurboTax fees with your federal refund—so you can get your money faster and easier. Let Turbo Tax Plus help you take care of tax season so you can focus on what’s important.