Like H&R Block, TurboTax has a free filing option that allows you to file your federal return and one state return at no cost.
TurboTax Free Edition: $0 Federal + $0 State + $0 To File offer is available for simple tax returns only with TurboTax Free Edition. 100% Accurate Calculations Guarantee: If you pay an IRS or state penalty or interest because of a TurboTax calculation error, we'll pay you the penalty and interest.
Using the desktop editions of TurboTax there is currently a $19.99 fee to e-file a state income tax return.
Yes, your Federal and State refund will come separately. The IRS states that most refunds are received within 21 days from the time a return has been accepted and a refund option is selected.
TurboTax Online products
E-file transmission is included at no additional charge. TurboTax Online allows you to purchase a maximum of three state returns for each federal return. If you require more than three state tax returns for one federal return, you need to use TurboTax Desktop.
Our TurboTax Basic, Deluxe, Premier, and Home & Business CD/download software lets you prepare and paper-file as many state returns as you want. However, it only lets you e-file returns for up to three different states for each federal return you prepare.
If your tax data requires entry on any other form or schedule then you must upgrade to the Deluxe edition or higher. If you have not paid for the online edition you are using, have not filed your tax return or registered the Free edition, then you can clear your return and start over with a lower priced edition.
Most people choose to use the online service. TurboTax reported that 80% of the returns it handled came from its online products. When you have a choice between buying the software you install on your computer and paying to use the service online, you are better off buying the software download.
And TurboTax does not pay the state taxes for you, but for many states they provide a screen for you to make the payment through the program. When you go through the filing process, it should tell you what your tax payment options are for your particular state.
You can avoid the fee by changing your payment method and paying with a card when you file.
In fact, most tax filers can't use the company's “free” service because it is not available to millions of taxpayers, such as those who get a 1099 form for work in the gig economy, or those who earn farm income. In 2020, for example, approximately two-thirds of tax filers could not use TurboTax's free product.
Although most versions of the TurboTax Deluxe, Premier, and Home & Business CD/Download software include one free state download, there is an extra fee to e-file your state return.
Data Import: Imports financial data from participating companies; may require a free Intuit online account. 100% Accurate Calculations Guarantee: If you pay an IRS or state penalty or interest because of a TurboTax calculation error, we'll pay you the penalty and interest.
If you have rental property and/or deductions related to stocks and investments, you should use either TurboTax Premier or Home & Business. If you are self-employed, are a contractor, or have a home business, you should not use anything less than TurboTax Home & Business. It maximizes your home deductions.
The deluxe version is only about support. Their free version includes much of what is included in TurboTax Premier (investments, rental income) and Home & Business (1099 income and expenses). You can see our full review of FreeTaxUSA for more.
TurboTax is generally pricier than everything else out there, but even though confident filers may not need all the bells and whistles that most TurboTax online products offer, many people will find the experience and the availability of human help worth the extra cost.
TurboTax is also offering its TurboTax Live Basic product at no cost for qualifying federal and state returns for a limited time. You'll need to file your return by March 31, 2022, and you'll need to have a simple return to be eligible to use this service.
TurboTax Free Edition: $0 Federal + $0 State + $0 To File offer is available for simple tax returns only with TurboTax Free Edition. 100% Accurate Calculations Guarantee: If you pay an IRS or state penalty or interest because of a TurboTax calculation error, we'll pay you the penalty and interest.
H&R Block and TurboTax each charge an additional processing fee of $40 if you agree to pay through your refund. That's $40 on top of the fee you're paying for the package you selected, meaning you could easily double what you expected to pay.
Do NOT deduct from your refund to pay for turbotax, a refund processing fee $34.99 will be charged in extra. If you choose to have your Turbo Tax Fees deducted from your refund, there is a fee. Turbo Tax is not a bank.
Click "Online" heading on the menu bar at the top of the screen. Click "Download State." Click "Continue" to connect the Turbo Tax payment application to the Internet. Select the states for which you need to file returns.
If the system is prompting you to upgrade to TurboTax Deluxe, the software is detecting that your tax situation requires additional forms or schedules that are not covered in the free edition.
No. The TurboTax state program is designed to transfer information from your federal return. For this reason, TurboTax state isn't sold as a standalone tax-preparation product. You can use TurboTax to prepare and file your federal return without your state—but not the other way around.
TurboTax Basic, Deluxe, Premier, and Home & Business software lets you prepare and paper-file as many state returns as you want. However, you can only e-file returns in up to three different states for each federal return you prepare. The rest will need to be paper-filed.