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2019 TURBOTAX RETURN UPGRADE
Self-Employed individuals and small business owners may need to upgrade to the Self-Employed option, which costs $120 for a federal return. The Deluxe option from TurboTax is enough for most filers. TurboTax Filing Optionsīest for simple returns using Form 1040 Comes with useful features like easy import, error check, refund explanations, deductions for dependentsīest for homeowners and for maximizing deductions Comes with all previous features, plus charitable donations calculatorīest for investors and rental property owners Comes with all previous features, plus focus on investment and rental property income, accurate stock reporting, refinancing deductionsīest for self-employed, independent contractors, freelancers, consultants and small business owners Comes with all previous features, plus access to self-employment tax experts, maximizing business deductions State filing is $50 per state, with paid plans. If you want to itemize deductions with schedule A (or if you need to use any other forms), you need to upgrade to a paid plan. There are three paid plans that run from $60 to $120 for federal filing. However, the free option only supports simple returns with form 1040. TurboTax has a free filing option that allows you to file your federal return and one state return at no cost. But TurboTax stands on its own. It offers a user-friendly design and straightforward, step-by-step guidance. Intuit also makes an accounting software called Quickbooks, which millions of companies use to handle their books. The company was soon purchased by Intuit, which has led to some of its popularity. TurboTax developed its tax software in the mid-1980s.