Comparison Of TurboTax Versions : Basic, Deluxe, Premier, Home & Business

Comparison Of TurboTax Versions : Intuit Turbo Tax Basic, Deluxe, Premier, Home & Business

TurboTax by Intuit is an American software package, used to prepare taxes. This software is developed by Michael A, Chipman of Chipsoft. This software has its major competitors, such as TaxSlayer, H&R Block at Home and TaxACT. This software package comes in different versions or editions, all have inbuilt features. These versions are Free, Deluxe, Home & Business, Premier and Business. You can use any of these packages, both in desktop and online versions. When you are going to choose any package of this software, you might become confused which version is the best for you.

Comparison is important to be done, helping you in finding the right package for you. So, let’s get started with comparison of different TurboTax versions in this post:

tt13 basic
tt13 deluxe
tt13 prem
tt13 hmbiz

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Which TurboTax is right for you? Basic Deluxe Premier Home & Business
Special Offers: Refund Bonus Offer
Use some (or all) of your federal refund to purchase an Gift Card and Turbotax will tack on more (see details) Extra 5% Extra 10% Extra 10% Extra 10%
Step-by-Step Guidance
Easily imports prior year tax data from TurboTax and other software brands
Save time by importing financial data including W-2s, investment, and mortgage information, plus import from Quicken and QuickBooks3
EasyStep Interview walks you through your return, finds you every credit you deserve, and double checks for errors as you go
Free Get product support when/how you need it (via phone or live chat)2
Includes 5 Federal e-files — receive IRS confirmation; get your fastest refund possible4
Includes Up-to-date with all tax-related laws, including the new healthcare law
Maximize Your Deductions
Deduction Maximizer searches over 350 deductions and credits as you go to help make sure you get your maximum refund
1 State product via download (Print for free or e-file for $19.99 per return5)6
Audit Risk Meter—helps you reduce your chance of an audit
Expert advice provides insight into this year's outcome and recommendations to help you get an even bigger refund next year
Its Deductible helps you accurately value charitable donated items
Investments & Rental Property
Shows you how much opening an IRA now could save you on this year's taxes
Extra guidance for investment sales such as stocks, bonds, mutual funds, and employee stock plans
Cost Basis Lookup quickly tracks and calculates historical cost basis
Additional help for rental property income, expenses, and refinancing
Schedule C Businesses
Expanded Schedule C guidance to maximize home office, vehicle, and other business deductions
Simplified income and expense entry so you don't miss a thing
Walks you through what start-up costs new businesses can deduct
Create W-2 and 1099 forms for your employees and contractors
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Free version

For this version, you do not need to pay anything, whether or not you want to file eFile. But this version cannot meet all the requirements and preferences of every filer. The best part about it is that while filing a return, if you explore part way, it helps you in getting upgraded to a superior version. It lacks behind the features as compared to different costly versions.
Free Version covers forms, like Form 1040A, Form 1040, Schedule EIC, Schedule B, and many others.

Deluxe Version

This version is the best suited option for those filers, who want to have some more features than the Free Version. Using this version, you can get complete support while filing the tax return, combining with extra support for life changes and deductions kind of scenarios. It is available at $29.95, but there is no need to pay, until you are eager to go for eFile. It gives you a chance to first try the software and then go for its paid version.
It offers free technical support and Federal eFile. It can assist you in copying all the information from the previous year’s tax return.

Premier Version

It has all the features of the deluxe version, but more than that. This version permits you for different situations, such as investment sales, rental property, and estate or trust. To get this version, you need to invest money, that is, $49.95 to start using the Federal return features. It states that this version can be a great option, if you belong to rental property, investing options, and hold a K1 file from a trust or an estate.

Home and Business Version

It is a father of the Deluxe and Premier versions. It means that it embraces everything, like other editions have. One of the additional features of this edition is that it offers business tax benefits. If you belong to any kind of business, and are individual contractor, consultant, proprietor or single owner LLC, Home and Business Edition is a right option to get started. What this edition offers? Vehicle deductions, small business tax deductions, industry specific deductions and asset deprecation simplification are some areas, this edition covers.

LLC and Partnerships Version

It has a great similarity to Business Edition, but the only difference is that it is capable of handling partnerships, LLCs and partnerships. This version gives you a benefit of importing data from QuickBooks and run numerous businesses.

Online and desktop versions

One can use some of the packages, either in an online version or in a desktop version, depending on your needs and preferences. This way, you can choose a right TurboTax edition for your support!

Image Comparison of Intuit TurboTax Versions : Basic, Deluxe, Premier, Home & Business : TurboTax Comparison 2016

Comparison of TurboTax Versions