#Turbotax estimator free#

So if you would otherwise have a very simple tax situation, except for rental income of 14 or fewer days, you could still use the free editions. Note: Did you know that if you rented your home out for 14 or fewer days, you can exclude that rental income from your tax return because of the Augusta Rule. Did you sell stock, bonds, or mutual funds? (or other investments).So, which TurboTax do you need? Table of Contents For example, if you sold stock, you’ll need TurboTax Premier or better, which only includes TurboTax Home & Business. We list the cheapest version you’ll need. In all the questions and answers below, you can always use a more expensive version of TurboTax. It’s 100% free with very few restrictions. So before you start your tax return on TurboTax and discover which version of TurboTax you need (by then, let’s be honest, you’ll just pay for it because of the time you’ve just put in), why not use our handy guide to figure out which TurboTax version you’ll settle on?ĭon’t want to do this? You can always do your taxes with Cash App Taxes (formerly Credit Karma Tax). If you have a more complicated return, then you will need one of the paid versions. The free version is very powerful (it includes taking a photo of your W-2 to get the information in) but it’s very basic. or have credits, deductions and income reported on Schedules 1-6 (like student loan interest deductions).Schedule C for business or 1099-MISC income.If you need any of these schedules… you will have to pay for the other packages: Limited interest and dividend income reported on a 1099-INT or 1099-DIV.It’s only meant for the simplest of tax situations. And it’s $0 to file both returns.įor simple tax returns only. TurboTax Free Edition is their free version. If you want, you can click this link now to activate the promotion (even if you don’t end up filing your taxes with TurboTax). This offer expires February 15th and you don’t need a promo code, just click on a link to TurboTax from and you should see the promotion applied.

Free Edition is still free, Deluxe falls to $39, Premier is $69, and Self-Employed costs just $89 (state filing is extra).

We’ve partnered with TurboTax to offer up to $20 off all their online federal products. It was easy to use, affordable, fast, and more importantly, accurate. For years, I used TurboTax when I was working a corporate job at Northrop Grumman. If you’re looking for a cheap option for tax preparation, you’ve probably considered Intuit’s TurboTax software.