Free Tax Filing: TurboTax Online Free Edition
Who Benefits from TurboTax Online Free Edition?
TurboTax Online Free Edition is for people who use the 1040EZ or simple returns. If you have filed the 1040EZ in the past and have had no major life changes, then the TurboTax Online Free Edition is an excellent choice for preparing and filing your taxes online.
Preparing Your Taxes
Preparing your taxes on TurboTax Online Free Edition is simple. TurboTax asks you a few questions, and plugs your answers in the appropriate places on the form.
Unsure which form you need to use? You can start with TurboTax Online Free Edition, and if, from your responses, TurboTax determines that you should be using a different form, the program will adjust to the proper form.
TurboTax speeds up the filing process by skipping questions that do not pertain to your situation. Can't finish your taxes right now? Turbo tax allows you to save your work and come back to it later. You can also skip sections and come back to them when you are prepared to do them.
Tax Credits
TurboTax utilizes your responses to find every possible tax credit. This means you are guaranteed to get the largest refund you are entitled to receive.
Assistance
TurboTax offers many tips and answers to frequently asked questions (FAQs) that include examples, to assist you in preparing your taxes.
Your Refund
TurboTax keeps track of your refund status as you do your taxes so that you can see exactly how much you will receive or how much you owe as you complete your tax form.
If you are owed a refund, e-filing can have your tax money direct-deposited into your bank account in as little as eight days.
Other Options
If the 1040EZ form is not the best choice for you, consider one of TurboTax's other options.
TurboTax Online Deluxe
TurboTax Deluxe, which costs $29.95, is a good choice if you have medical expenses or donations that you wish to claim or own a home.
TurboTax Online Premier
At $49.95, TurboTax Premier is a bargain for people who own rental properties or have other investments.
TurboTax Online Home & Business
TurboTax Home & Business is a great choice for you if you are the sole proprietor of a business, a consultant, or a contractor. The fee is only $74.95 when you file your Federal tax forms.
TurboTax Online Personal Pro
Want someone else to do your taxes for you? TurboTax Personal Pro is the tax program for you. For $89.95, you will work right alongside a tax professional as he or she prepares, signs, and files your tax returns.
The Benefits of Using TurboTax Online Free Edition
The obvious benefit to using TurboTax Online Free Edition is that you receive your refund very quickly. There is another reason that you may not have thought of. TurboTax checks your return for errors and red flags common errors that could delay your refund or cause you to be audited.
Although those are excellent reasons to use TurboTax Online Free Edition, there is an even better reason. By using the e-file option with TurboTax, you are doing your part to cut down on the use of paper.
Do your part to save a tree.
Published by Loretta Snyder
Loretta Snyder is a freelance writer, working on her first novel. She writes short stories and poetry, as well as non-fiction articles. Snyder has ten years experience in education and earned her EMT lice... View profile
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16 Comments
Post a CommentI had heard something about this but didn't know the details. Thanks!
I have used this to do my son's taxes, and it went very smoothly. It can save a lot of money over taking it to a tax preparation place, especially when it's short form.
Thanks for the insightful info. I will look into it.
Merry Christmas...
This sounds like a fine program! Thanks!
Good post. Roberta Baxter
I've always thought that TurboTax was one of the best tax prep products on the market; nice to see they offer a free online edition for 1040EZ for people who otherwise couldn't afford to purchase the program.
Very nice to know. Thanks.
I always wondered about Turbo Tax, great info here.
Great info :)