TurboTax is easy e-filing software that eventually helps us to prepare, analyze and present our tax structure. Every year we need to file tax returns and so it is important to focus on software that returns easy preparation e-filing such as TurboTax. With the passing of time, TurboTax has become popular all over the world. TurboTax has brought a significant change in the process of e-filing. It keeps on updating itself because of many reasons. The significant possibilities could be that if you update software, it eventually adds new and exclusive features in it. Also, it enhances the performance of the product. It attracts more and more customer towards it. There are so many different versions of TurboTax. Each and every version of TurboTax has different and exclusive features in it.
Some of the important versions like TurboTax Deluxe or TurboTax Premiere are major kinds and versions of TurboTax. Different versions of TurboTax have different benefits and different drawbacks. You must be well-aware which version you should use. This would be according to your need as there are various versions. It is also important to present a comparison chart comparing the various versions of TurboTax. You are supposed to find out the different advantages and drawbacks of TurboTax Business or Deluxe vs. Premier. Here, we would like to discuss the various versions of TurboTax. The different advantages of TurboTax, and their various drawbacks and the reasons to use it should be compared properly. The different versions have different features and you are supposed to use the different versions according to your need and necessity.
Various versions: TurboTax
- TurboTax online vs. desktop
- TurboTax Deluxe
- TurboTax Premier
- TurboTax Business
- TurboTax Basic
- Business Federal
TurboTax online vs. desktop
TurboTax online version is already on their site, the specialty of this version is you can use this online version of TurboTax without even installing the software on our computer. On the other hand, if you are a user of software version, you would be well aware that the software version is the one you can purchase via download or CD that easily permits you to efile up to five returns. You must know that Online version lets you do only one return.
As software version allows you to do many taxes, it somewhere is helpful as you can easily do taxes for your family members too. Each and every version of TurboTax has its own benefits and loss. Also, you must know that all the versions are present in, software versions as well as desktop version. You can seek help from the one you want to use. You must know that online version cost less, but there is an exception. If you live in a state that has local taxes, then you have to pay more than the software version.
TurboTax Deluxe vs. Premier
TurboTax Deluxe version deals with both federal and state. It helps you to find out the deductions legally. So it could help you to legally reduce your taxes. TurboTax Deluxe seems to be helpful because when you don’t have investments such as stocks or bonds. On the other hand, TurboTax premier is undoubtedly different from the TurboTax Deluxe version.
You can say that TurboTax Deluxe and TurboTax premier is sort of similar but the major difference is that TurboTax Premiere also deals with the investments and also deals with rental property and investments. TurboTax premier can easily log into our brokerage account and also capture all the form 1099 data including the stock purchase, as well as sales. It is time-saving as well.
Turbo Tax Basic
The basic version of TurboTax is usually for the individuals who eventually, just have a salary and interest income from savings. You must know that TurboTax does not include the state preparation. In case, you live in a state that has an income tax, then you are supposed to buy the state addition.
TurboTax Home & Business
If you are self-employed you must seek for this version. It also includes state tax preparation. It mainly focuses on the taxes for a single owner.
TurboTax Business Federal
It basically focuses on corporations and LLC’s with more than one person. The state tax preparation is not included but eventually could be added after paying an additional fee.
These are the various version TurboTax and its benefits and drawbacks. You can have a look at the various versions and choose according to your immediate need. You must pick up the version you like and choose one according to your need. Even after reading this blog, if your concept is not clear, you must contact the experts for their assistance. You must try to contact the TurboTax customer support, for their help and assistance. You can get its number from a famous and leading online directory of the U.S.A and Canada called GetHumanHelp. The experts are present 24*7 to fix all your issues.