If you need more help, consider a TurboTax Live product. If you are confident you can file your taxes with simple prompts and little guidance, you can almost certainly make do with the regular online or download versions. TurboTax also offers versions of its software for those who need a bit more support. Itemizing deductions requires you to use the Deluxe version, for example, while having certain investments and rental property income means you should use the Premier version. In general, the more complex your tax situation, the more you can expect to pay. If you end up choosing the wrong service, TurboTax will alert you of the need to upgrade, if necessary, as you file. On its site, TurboTax allows you to select various situations that apply to you and will then suggest which version of TurboTax you should use. The TurboTax version you should use will depend on your tax situation and your comfort with filing your own tax return. Which version of TurboTax is right for me? Prices vary.Īll levels of the TurboTax software provide you with audit support if you’re audited by the IRS, the TurboTax audit support center will guide you through each step of the process. Note that TurboTax also provides downloaded/CD versions of its software. Check out the Beginner’s Tax Guide for the Self-Employed for a quick checklist on the dos and don’ts for filing taxes if you’re self-employed. Consider using this version if you earn income from the sharing economy (rideshare driving, food delivery, etc.). TurboTax Self-Employed Edition ($119): Best for independent contractors, freelancers, and consultants.This software is suited for those with rental properties and investments. TurboTax Premier Edition ($89): For investors and rental property owners.This software will walk you through the process of minimizing your tax bill. TurboTax Deluxe Edition ($59): Get the most out of the tax deductions and tax credits.This is an option if you aren’t itemizing deductions. TurboTax Free Edition ($0): For simple tax returns only.Your online federal tax-filing options include: The cost of TurboTax’s software depends on which version you use (which, in turn, depends on your tax situation).
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