TurboTax is a tax preparation software package and online service owned by Intuit. TurboTax is designed to walk users step-by-step through the tax preparation process, helping them complete and file accurate federal and state income tax returns.

Here is a description of the different TurboTax software packages:http://turbotax.intuit.com/

Basic: TurboTax Basic is for people who typically file taxes using form 1040EZ. This version is for taxpayers who have little to no deductions.

Deluxe: TurboTax Deluxe is typically for taxpayers who itemize. This version works well for homeowners, and for people who have a lot of medical expenses or charitable donations.

Premier: TurboTax Premier is for people who own stocks, bonds, mutual funds or rental properties. This version of TurboTax will help you calculate your gains and losses from investments.

Home & Business: This version of TurboTax works well for those who have a home business or do freelance work where taxes are not taken out of their pay.

Business: TurboTax Business is for people who have corporations, partnerships, or multi-member LLCs.

TurboTax is easy to use since it walks you through the tax preparation process step-by-step with easy-to-follow instructions. The calculations are all done for you and you can watch your tax refund add up in real time.http://turbotax.intuit.com/personal-taxes/ TurboTax also offers free eFiling with all of its software packages for your federal and state tax returns. By eFiling your return, you can expect to get your tax return a lot faster.http://turbotax.intuit.com/tax-tools/tax-tips/irs-tax-return/5628.html

Following are the prices for the various TurboTax software programs:http://turbotax.intuit.com/

1. Basic: Free Federal and $30.95 for State
2. Deluxe: $49.95 for Federal and $39.95 for State
3. Premier: $74.95 for Federal and $39.95 for State
4. Home and Business: $99.95 for Federal and $39.95 for State
5. Business: $109.95 for Federal and $39.95 for State

Note: Prices determined at the time of print or efile. Prices and product offerings are subject to change without notice.http://turbotax.intuit.com/

If you don't want to use TurboTax Online, you can purchase a TurboTax CD or you can download TurboTax to your computer. Here are the prices:http://turbotax.intuit.com/personal-taxes/

1. Basic: $29.95 for Federal (State not included)
2. Deluxe: $59.95 for Federal and State
3. Premier: $89.95 for Federal and State
4. Home and Business: $99.95 for Federal and State

Note: Prices determined at the time of print or efile. Prices and product offerings are subject to change without notice.http://turbotax.intuit.com/