What's the difference between TurboTax and TurboTax Deluxe?

Asked by: Morris Ondricka  |  Last update: October 20, 2022
Score: 4.9/5 (54 votes)

TurboTax Versions for Online Use
As with the CD, Basic is for simple tax filings and includes e-filing. As with the CD, Deluxe includes added features relating to deductions. As with the CD, Premier includes features in Deluxe plus features relating to rental properties and investments.

What are the benefits of TurboTax Deluxe?

Upgrade at any point to TurboTax Live Deluxe.
  • No tax knowledge needed. ...
  • Anytime, anywhere. ...
  • Snap. ...
  • See your tax refund in real time. ...
  • Automatically add your. ...
  • Get the fastest possible tax refund. ...
  • Security is built into everything we do. ...
  • Finish your state return faster.

Why do I have to upgrade to deluxe TurboTax?

If we detect that your tax situation requires expanded coverage, like deductions for owning a home, unemployment income, or self-employment income, we'll prompt you to upgrade to a version that supports the forms you need so we can maximize your tax deductions and ensure you file an accurate return.

What is the deluxe version of TurboTax?


We'll search over 350 tax deductions and credits to find every tax break you qualify for so you get your maximum refund, guaranteed. If you're a homeowner, TurboTax Deluxe gives you step-by-step guidance to help turn your biggest investment into your biggest tax break.

What are the different levels of TurboTax?

TurboTax Free Edition includes guidance in case of an audit, backed by TurboTax's audit support guarantee.
  • TurboTax Free Edition.
  • TurboTax Deluxe 2021 Tax Software, $40 (regularly $50)
  • TurboTax Deluxe, $59.
  • TurboTax Live Deluxe, $119.
  • TurboTax Premier 2021 Tax Software, $70 (regularly $90)
  • TurboTax Premier, $89.

TurboTax 2022 - Which Version You Need

36 related questions found

What version of TurboTax should I use?

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.

Is it better to buy TurboTax or use it online?

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.

Is TurboTax Deluxe better than free?

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.

How can I get TurboTax Deluxe for free?

To qualify for the TurboTax Free File, you must make under $34,000 per year. You are eligible if you make less than $34,000 and: Work full time. Work part time.

Does TurboTax Deluxe include state filing?

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.

What is the cheapest way to file taxes online?

9 Free (Or Cheap) Ways To Do Your Taxes Online
  1. TaxHawk. Through TaxHawk, you can file a free federal tax return and file state returns for $14.99 each. ...
  2. ezTaxReturn. ...
  3. FreeTaxUSA. ...
  4. Credit Karma Tax. ...
  5. TurboTax. ...
  6. TaxAct. ...
  7. IRS Free File. ...
  8. TaxSlayer.

How much is TurboTax this year?

The most popular version is TurboTax Deluxe, for $59 plus $49 per state. Those with more complex investments may need the $89 Premier version, while self-employed business owners will need the top $119 Self-Employed edition.

How many returns can I file with TurboTax Deluxe?

For Cd / desktop edition, you can use the TurboTax software to e-file up to five (5) federal tax returns. You can prepare as many returns as you want, but only five can be e-filed.

Is TurboTax still free 2021?

Who qualifies for Free File? If your adjusted gross income was $73,000 or less in 2021, you can use free tax software to prepare and electronically file your tax return, according to IRS instructions online for the 2021 tax season. If you earned more, you can use Free File forms.

Does TurboTax Deluxe include Schedule D?

1-5 of 5 Answers. Yes, the DVD version of TurboTax Deluxe does have schedule D.

Is TurboTax no longer free?

TurboTax is one brand that offers free filing services to eligible individuals. While TurboTax is no longer part of the income-based IRS Free File program, the tax prep company has a few options for taxpayers to file their tax returns at no cost.

What is the income limit for free TurboTax?

This service allows you to prepare and file your tax return online for free, but there is an income limit for the tax preparation service. For tax year 2021, the adjusted gross income (AGI) limit to use Free File is $73,000, up from $72,000 in tax year 2020.

Is TurboTax still free 2020?

Is TurboTax Free Edition really free? Yes. You can pay nothing to file your simple federal and state taxes. 60 million hard-working taxpayers can file their simple federal and state taxes for free.

Can I share TurboTax with a friend?

No. Only you can download the program.

Does TurboTax Deluxe include Schedule C?

TurboTax Deluxe includes the 1040 form with itemized deductions (Schedules 1–6, Schedule A and Schedule C income), along with everything in Free Edition and PLUS.

Is TurboTax cheaper at Costco?

Re: Turbo Tax at Costco

It is usually $10 cheaper than Costco if you count in all the gift card values.

Do you have to buy a new TurboTax program every year?

Yes... whether Desktop software, or Online Software, you have to purchase it every year. Exception: The Online "Free" version will let you file for Free ...for Federal & State early in the tax year...or with a state charge if you wait too long (sometime in late Feb or March).

Can I buy TurboTax at Costco and use it online?

Unfortunately, the online versions are not offered at Costco but you can still pick up a deal today at turbotax.intuit.com (Updated on Monday May 9, 2022: Online versions are now on sale right now through May 31, 2022 for an even better $5 to $15 off depending on the version you choose!).

Why is TurboTax charging me to file my taxes?

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.