If you get audited, TurboTax will get a TurboTax professional to defend you and assist you with the audit. You can purchase this addition through the TurboTax MAX option, which costs you $60. If TurboTax cannot connect you with a professional, they will refund you the $60.
You can use this program if you’re filing with a basic 1040 form. Fill out the form below and we’ll provide you with a completely free, no obligation consultation.
What do you get with TurboTax?
Quickbooks software information can be directly imported into your TurboTax filing program since Intuit owns both programs. You can add the multi-state filing option to any TurboTax package. The TurboTax MAX feature provides insurance coverage due to losses related to identity theft. When you purchase the MAX add-on, TurboTax gives you a lifetime promise to defend you for the length of time your return is eligible for audit. If you use TurboTax Free, you’ll get a $30 refund. See the TurboTax website for more information.
Other taxpayers, however, may not be well-served by, say, upgrading from the Free Edition to the Premium Edition. That said, if your return is pretty much comprised of documents that others prepared for you — such as your W-2 or a 1099-DIV from your brokerage — your chance of being audited is extremely small. Also, if you’re a landlord, you’ll obviously want to go with this option unless you need the Self-Employed Edition as well.
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This version is likely best for those who own rental properties but don’t have other self-employment income. And it comes with on-demand tax expert help too. TurboTax offers several different pricing plans from self-service to a full hands-on approach. Your pricing depends on the complexity of your return and which filing option you choose. Contact us if you need help with an audit or preparing your returns to ensure they don’t get audited. Our experienced tax attorneys have years of experience handling audits and other IRS issues.
Many clients refer to this service as having a basic insurance policy on your simple return. Another reason why getting TurboTax Audit Defense may not be worth it is that those who use TurboTax tend to have more straightforward returns than others.
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The IRS has the right to audit anyone, and its audit process is at least partially random. TurboTax Digital Assistant and contact form available for all; paid packages get access to a TurboTax specialist. Here’s a look at the various ways you can find answers and get guidance when filing your return with TurboTax. TurboTax’s interface is like a chat with a tax preparer, and you can skip around if you need to. A banner running along the side keeps track of where you stand in the process and flags areas you still need to complete. Deluxe version plus investment reporting and rental income (Schedules D and E, and K-1s).
TurboTax has a healthy online forum community where you can ask questions of other TurboTax users. Also, they’ve got a blog that shares articles on a variety of tax subjects. TurboTax Self-Employed is meant for anyone with 1099 or other self-employed business income. If you have a business you run from home, this is the version for you.
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However, the peace of mind factor may ultimately push you towards buying audit protection. In that case, I recommend being as smart as possible. Use FreeTaxUSA or H&R Block software to get the most protection for the least cost. Buying audit protection doesn’t protect you from being audited. In that sense, it’s a little bit like identity theft insurance. ID theft insurance doesn’t prevent you from having your identity stolen, but it can make the cleanup process a bit easier. Loaded onto a Turbo Visa Debit Card (if you’re getting a refund on your state taxes, see if your state offers a prepaid card option as well).
- To do this, many or all of the products featured here may be from our partners.
- Next you’ll be prompted to share your tax information with Intuit, TurboTax’s parent company.
- As previously mentioned in this TurboTax review, those who are subjected to a tax audit can get a TurboTax professional to defend and assist them before the IRS.
- Their built-in explainers are also very helpful in keeping users well versed in navigating the business tax software.
- You can use several different editions, but the most common one is the TurboTax Free Edition.
- If your situation is more complicated than claiming the standard deductions or having children, you may want to contact a tax professional for more assistance.
I did not find this feature when testing H&R Block, though H&R Block did periodically let me know my tentative refund amount. Adjustments to income such as the student loan interest deduction and educator expenses. Applicants must be 18 years of age in the state in which they reside (19 in Nebraska max benefits turbotax worth it and Alabama, 21 in Puerto Rico.) Identity verification is required. Both cardholders will have equal access to and ownership of all funds added to the card account. When you use an ATM, in addition to the fee charged by the bank, you may be charged an additional fee by the ATM operator.
Can TurboTax do your taxes wrong?
They also receive “priority care” when they call, as well as identity-theft monitoring. TurboTax says https://turbo-tax.org/a the services have a value of $117 — a hard-to-verify claim since it doesn’t sell them separately.
What is the difference between TurboTax free and deluxe?
TurboTax Deluxe is able to process more forms than the free version is, so those individuals with more complex returns can benefit from it. If your return requires certain forms, it will prompt you to upgrade to the version capable of processing that form.