TurboTax Deluxe vs Premier 2024

This is in addition to the full Spanish language service for the do-it-yourself and Live Assisted products as well. A simple click in the left nav bar switches the interface from English to Spanish. The free tier handles simple Form 1040 tax situations like the earned income tax credit, the standard deduction, the Child Tax Credit, basic interest and dividend income, and unemployment income.

In particular, the TurboTax Deluxe might be a good option if you own a home, have significant medical or educational expenses or made significant charitable contributions. For example, the popular mortgage interest deduction is a below-the-line option, meaning that you must itemize your taxes to claim it. Answer a few easy questions, import your slips directly from the CRA, and TurboTax Online does the rest. TurboTax software for the current tax year is also available in select retail stores and online retailers from November through April, oftentimes at discounted prices determined by the retailer. Keep track of which docs you’ll need when it’s time to file taxes.

You can pay nothing to file your simple federal and state taxes. 60 million hard-working taxpayers can file their simple federal and state taxes for free. If you made your money only through employment, meaning you got paid with a W-2, and if you take the standard deduction, you don’t have any tax issues to maximize. You use the free version of the software, which can be accessed directly on the TurboTax website. TurboTax works like an interview—we ask you easy–to–answer questions about your life that affect your tax situation (i.e., Are you married? Do you have kids?) and fill in all the right tax forms behind the scenes. Various promotions and limited-time offers from us and our affiliate partners will deviate from our direct-from-Intuit pricing.

We’ll review your work and let you know of any errors or missed opportunities before you file. If you purchased TurboTax from 2016 to 2018, but because of your income, were eligible to use its free offering, you may be entitled to a refund, due to a settlement between Intuit and the states’ Attorneys General offices. Read the rest of our TurboTax Deluxe 2022 review (which covers the 2022 tax year) to find out what else we liked about the software. CompleteCheck™ scans your return from beginning to end, so you can be confident it’s 100% accurate before you file. If you want to switch from TurboTax Online to TurboTax Desktop, follow these instructions.

  1. It guides you by asking specific questions about your spending and finances, then tells you how that changes your taxes and deductions.
  2. You can import up to 10,000 stock transactions directly from financial institution import partners, and the software now performs an analysis on your investments’ cost basis based on your data imports.
  3. Get advice and answers as you go, with a final expert review before you file.
  4. The time it takes to prepare your return depends on the complexity of your taxes, your availability, seasonal peak days for tax preparation, and how busy our experts are.
  5. Selecting tiles — which come up again later as questions — produces a recommendation on which product tier is appropriate.
  6. If you don’t have your forms on hand, you can auto-import your info from your W–2s or 1099s directly from more than a million participating employers and financial institutions.

When you reach the end, TurboTax alerts you to missing information before you file, or you can choose to have a tax pro review your return. If you are expecting a refund, you can track the status of your refund at Intuit’s Credit Karma. You’ll start with adding personal info (name, birthday, Social Security number, occupation, residency — including if you lived somewhere part-time – and military status), dependent info, and the like. After reviewing all of the personal info, TurboTax plugged an optional $49 upgrade for its theft-monitoring and audit-defense service. Once I declined this, we finally moved into the federal return. The call starts by phone, and then you can initiate one-way live video or screen sharing.

If you don’t have your forms on hand, you can auto-import your info from your W–2s or 1099s directly from more than a million participating employers and financial institutions. Eventually, for more complex tax situations, you may need additional documents like mortgage statements or other detailed financial information. turbotax deluxe online But since we save your return as you go, you can finish anytime. TurboTax allows you to start filing your taxes for free, and pay when you actually file. With its intuitive tools, TurboTax will ask simple step-by-step questions and give you the tax deductions and credits you’re eligible for based on your answers.


TurboTax Premier may be a better option if you have investment income or losses. However, Deluxe is not a good option for taxpayers who have complicated investment income, rental income or who are self-employed in some capacity. It does not include the forms for these two categories of taxpayers. Onboarding continued even before I logged in, asking how I filed taxes last year; the answer will customize your experience once you log in.

Your satisfaction, guaranteed

Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). There are no guarantees that working with an adviser will yield positive returns. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. You will need the forms included with TurboTax Premier regardless of the scope of these gains or losses.

TurboTax Live was very helpful

This is the correct choice for taxpayers who have investment income beyond simple interest and dividend payments. It is also the correct choice for taxpayers with any capital gains or losses, who sold significant property such as real estate in the past year and for taxpayers who have income or losses from passive activities such as a rental home. It will cost you $105 for a federal filing, but like Deluxe, it includes five federal e-files and unlimited printable downloads for one state. Answer a few simple questions about your tax situation and TurboTax will add the right forms to your return.

This tax planner helps you know what docs you’ll need so you can gather them and start securely uploading them to your TurboTax account. You can speak to an expert via phone, chat, or live on-screen through one-way video chat (they can’t see you). You can share your TurboTax screen with your expert so they can guide you and answer your questions.

Get matched with a local tax expert who can do your taxes, start-to-finish, the same day. Intuit’s nifty but imperfect integration of donations tracking app Its Deductible into https://turbo-tax.org/ TurboTax simplifies estimating and adding the value of goods donated to your return. Previously, you could only import data from your account on this Intuit-owned app.

Get your taxes done right and your biggest tax refund — guaranteed

We do our best to make sure you start with the right product to cover your tax situation, but it’s possible that we’ll uncover something along the way that requires you to upgrade your version of TurboTax. For example, if you started in our Free Edition, but we later learn you had investment sales (not covered in Free Edition), we’ll ask you to upgrade to cover your investment sales. Prices for paid products are determined based on the product you use and the time of print or e-file and are subject to change without notice.

TurboTax is better than HRBLOCK

If you’re an individual looking to file your taxes online, you may be wondering whether one of the biggest products out there, Intuit’s TurboTax, is right for you. The onboarding questions can get repetitive, even though they serve different purposes in the process. If you miss something the first time, you have to find where it is again on your own. For example, I had to click the income button to expand on other income received, and found a highly detailed reference list that jogged my memory of what else to add.

Simply upgrade to TurboTax Live Assist & Review to get unlimited guidance and advice from a live tax expert, whenever you want, via phone, email, or chat. Eventually, for more complex tax situations, you may need additional documents or detailed financial information. But since we save your return as you go, you can always come back later to add these details anytime. You don’t really need anything but your email address to get started! You don’t even need to have your T-slips, we can import that information directly into your return from the CRA with Auto-fill my return. This product makes filing tax returns easy and straightforward.