TurboTax

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.

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. You can even receive your tax return via direct deposit.http://turbotax.intuit.com/tax-tools/tax-tips/irs-tax-return/5628.html

TurboTax Versions

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.