To help make the filing process as easy as possible, TurboTax has answered the most commonly asked tax questions for this tax season. Who Can I Claim as a Dependent?

How much does it cost to file taxes with TurboTax?

TURBOTAX ONLINE/MOBILE. Try for Free/Pay When You File: TurboTax online and mobile pricing is based on your tax situation and varies by product. $0 federal (for simple tax returns) + $0 state + $0 to file offer only available with TurboTax Free Edition; offer may change or end at any time without notice.

Where is my tax information stored on TurboTax?

You’ll be able work on your taxes, even if you’re not connected to the Internet. Your information will be stored on your hard drive. TurboTax CD/Download includes the tax preparation fee for one state (state tax prep is an additional cost with TurboTax Basic and Business).

Is there a refund guarantee for TurboTax online?

Maximum Refund Guarantee – or Your Money Back: If you get a larger refund or smaller tax due from another tax preparation method, we’ll refund the applicable TurboTax federal and/or state purchase price paid. TurboTax Online Free Edition customers are entitled to payment of $14.99.

Is it free to do a tax return with TurboTax?

For most customers, we recommend TurboTax Online. Pricing for our online products starts with Free Edition, for simple tax returns, and goes up based on your needs and the complexity of your income tax return. If you live in a state that requires you to prepare a state tax return, we can help.

What does it mean when your tax return is pending on TurboTax?

with TurboTax. Once you prepare and submit your return, your e-file status is pending. This means it’s on its way to the IRS, but they haven’t acknowledged receiving it yet. This status can last anywhere from a few hours to a few days.

What do you need to know about TurboTax Canada?

An online community where you can ask and receive answers from experts and other customers. TurboTax Smartlook TM: an online, on-demand service that connects Canadian tax filers to live, personalized tax advice from qualified tax experts.

Why is my Turbo Tax not working correctly?

Intuit (the Turbo Tax Company) has to get its product out to the stores in time. The only way for them to get the product to the store shelves and have it work correctly is to have people install the updates to the software before they file their returns. If you didn’t install the update, your return could easily have been wrong.

How long does it take to get a tax return from TurboTax?

TurboTax is one of the tax software products certified by the CRA to use the NETFILE system. By submitting your return directly, you are able to get your refund much faster – in my case, I received it in 10 days.

Do you have to pay for Turbo Tax Online?

You may use TurboTax Online without charge up to the point you decide to print or electronically file your tax return. Printing or electronically filing your return reflects your satisfaction with TurboTax Online, at which time you will be required to pay or register for the product.

Can you get your tax refund faster with TurboTax?

No one can get you your tax refund faster than TurboTax with e-file and direct deposit. Federal e-file is included with TurboTax at no extra charge. Am I covered if I get audited?

Do you have to file state taxes with TurboTax?

In fact, there are some states don’t levy a state income tax at all. But if you live in a state where you have to file a state tax return, TurboTax will let you know and help you get them done right. After you finish you federal tax return, we’ll ask if you want to prepare your state taxes.

Where can I submit a tax question for free?

TurboTax will answer one personal, tax-related question for free through Jan. 31 at Anyone can submit a question – whether you use TurboTax or not. Simply submit a question online, and you’ll receive a personal call back at a time you request from a tax expert.

Do you have to pay for TurboTax tax prep?

TurboTax CD/Download includes the tax preparation fee for one state (state tax prep is an additional cost with TurboTax Basic and Business). It also allows you to prepare and print unlimited federal tax returns, and e-file up to five at no charge (additional fee per state e-file with TurboTax CD/Download).

How much does it cost to use TurboTax online?

TURBOTAX ONLINE/MOBILE Try for Free/Pay When You File: TurboTax online and mobile pricing is based on your tax situation and varies by product. $0 federal (for simple tax returns) + $0 state + $0 to file offer only available with TurboTax Free Edition; offer may change or end at any time without notice.

Which is the best Turbo Tax for self employment?

There is also QuickBooks Self Employment bundle you can check out which includes one Turbo Tax Home & Business return and will help you keep up in your bookkeeping all year along with calculating the estimated payments needed ….

Where do you enter communication expenses on a tax return?

When it comes to entering Communication Expenses it’s not as straight forward. If we spent $800 for a business cell phone last year and $1,200 for internet connectivity, it appears I should enter these expenses in the Communication Expenses section (according to what the examples say).

How to calculate Internet expenses for your home?

Regarding the $1,200 for internet, this expense is for the high speed internet that’s used by our business and everyone else in the house, Do I enter the total internet expenses for the year in this section or do I calculate the business percent first ($1200 X 20%) and enter that amount here?

Can you file your taxes online with TurboTax?

Filing your taxes online couldn’t be easier. You can create an account with TurboTax and begin filing your tax return. First, TurboTax will ask you some basic questions. The first few questions involve where you live and whether you’re married.

Do you have to pay flat fee for TurboTax?

The flat fee for the service means you can ask as many questions as you’d like at any point in your tax return and take the time you need until the return is perfect and ready to be filed.

Is it worth it to use Turbo Tax?

Working on your own taxes can be frustrating no matter what software program you’re using. First, full disclosure: I love Turbo Tax. I used to tell people that I’d do TV commercials for it. I even seriously considered going to work for the company. I have worked for one of their competitors – and I still like Turbo Tax better.

Which is better TurboTax print or e file?

It also allows you to prepare and print unlimited federal tax returns, and e-file up to five at no charge (additional fee per state e-file with TurboTax CD/Download). CD/Download is a better overall value for customers preparing tax returns for

Do you need a password to use TurboTax?

If you filed your taxes online last year, you can use the same TurboTax user ID and password. New online users need to create an account on the TurboTax site. How does TurboTax work? The software asks simple questions and automatically fills in your answers to guide you through your tax return.

How to estimate your tax deferral in TurboTax?

You can estimate your deferral amount using the Tax Credit Estimator. Don’t worry about knowing all these tax rules. When you prepare your tax return, TurboTax will ask simple questions about your tax situation and help you choose the right deductions and credits based on your answers.

Where do I put my RMD in Turbo Tax?

But Turbo Tax is not allowing me to report the Federal Income tax withheld in Box 4 1099 To indicate that you returned your required minimum distribution (RMD) to your IRA, please follow these steps: Click on Federal > Wages & Income.

Where do I enter my 1099-R in TurboTax?

To enter your 1099- R in TurboTax Online or Desktop (you may need to upgrade to report these distributions), please follow these steps: Once you are in your tax return, click on the “ Federal Taxes ” tab (“Personal” tab in TurboTax Home & Business)