TurboTax
Confidently file federal and state taxes for individuals and businesses.
Executive Summary
TurboTax is a comprehensive tax preparation software developed by Intuit, designed to assist individuals and businesses in accurately filing their federal and state income tax returns. It offers various product lines, including online, desktop, and mobile versions, catering to different tax situations from simple W-2 filings to complex self-employment, investment, and rental property income. The software guides users through the tax filing process, helping them identify deductions and credits to maximize their tax refunds or minimize liabilities. TurboTax provides specialized versions like TurboTax Self-Employed for freelancers and small business owners, and TurboTax Business for corporate tax filings. It aims to simplify the often-complex tax landscape, making it accessible even for those without extensive tax knowledge. The platform also offers options for expert assistance, allowing users to get help from tax professionals as needed.
Use Cases
- Filing personal federal and state income taxes (W-2, deductions, credits).
- Preparing and filing taxes for self-employed individuals and freelancers (Schedule C, business expenses).
- Managing and filing taxes for investment income (stocks, bonds, crypto, ESPPs) and rental properties.
- Filing business tax returns for various entity types (e.g., C-Corps, S-Corps, partnerships).
- Getting expert assistance or full-service tax preparation from a tax professional.
Features
Visibility
- Guided Interview Process: Walks users step-by-step through their tax return with easy-to-understand questions.
- Real-time Refund/Liability Tracker: Displays the estimated tax refund or amount owed as users enter their information.
Intelligence
- Deduction Maximizer: Automatically searches for and applies eligible deductions and credits to maximize tax savings.
- Error Checker: Reviews the tax return for common errors and missed deductions before filing.
Support
- Live Tax Expert Help: Connects users with credentialed tax experts (CPAs or EAs) for personalized advice and review.
- Audit Defense: Offers assistance and representation in case of an IRS audit.
Technical Specifications
- Deployment
- Hybrid
Integrations
- QuickBooks
Pricing
- Model
- Tiered pricing based on product version (online/desktop), tax complexity, and included features (e.g., expert assistance).
- Starting Price
- Starts at $0 (Free Edition); paid online versions from $39-$209+ (plus state fees); desktop software is a one-time purchase.
- Target Customer
- Individuals,Self-Employed,SMB
- Contract Type
- One-time payment per tax year (online) or per software download (desktop).
- Free Trial
- Yes, Until filing (for online versions) (no credit card required)
Ratings & Reviews
G2: 4.4/5/5
About Intuit
Intuit is a global technology platform that helps customers and communities overcome their most important financial challenges. It builds innovative products and services like QuickBooks, TurboTax, Credit Karma, and Mailchimp, serving approximately 100 million consumers and small businesses.
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