File With Confidence
On top of TurboTax’s immensely robust set of features, it is also one of the most secure tax softwares in the industry. Comparable, and sometimes similar, to major banking institutions’ security measures, this particular software employs bank-level encryption, multi-factor authentication, and TSL technology, which is an improved encryption technology over SSL. Beyond the technologies under its hood, the company also has a dedicated security staff whose sole purpose is to keep a close watch on a safeguarding program. And finally, the company also performs continuous risk assessments in order to identify and address potential risks, as well as work with industry experts for any external security audits.
The biggest thing that will no doubt draw people into using TurboTax is the fact that this particular tax software offers one of the most complete set of features in the entire industry. Wrapped in a clean and intuitive user interface, taxpayers of all kinds can easily take advantage of this software to make doing taxes less of a hassle and more of a breeze. And it should, considering that their prices are more expensive than other tax softwares out there.
That said, you are definitely getting what you pay for here, and if you really are on a tight budget and all you need to do is some simple tax processes, they also provide a Federal Free Edition to start off with – but we aware that the state price for this plan is $29.99. With this plan you can easily prepare, print, and electronically file your taxes, as well as automatically import your W-2 tax forms.
If you are looking for more features, however, you might want to spring for their other plans. The first of which is the Deluxe, and it will cost you $54.99 for the federal price, and $39.99 for the state price. This plan gives you access to features such as the ability to transfer last year’s TurboTax returns, online access to all tax returns on file, itemized deductions, miscellaneous income support, and more.
The Premier, meanwhile, goes for $79.99, for the federal, and $39.99 for the state price. This plan has support for Schedule A, D, and E, in addition to all the perks found in the previous two plans. The Home & Business plan, on the other hand, will cost you $104.99, for the federal, and $39.99 for the state price. This will give you all of the perks of the previous plans, plus support for Schedule C, which is for those with small businesses. This plan also allows you to maximize business tax deductions and deprecation.
Finally, the Home & Business + QuickBooks Self-Employed plan goes for $11.99 per month, and is ideal as a year-round solution. It gives you access to all of the features on offer, plus the ability to maximize your self-employment tax deductions, easily track and categorize all of your expenses and income for the entire year, and even automatically calculate quarterly taxes as to avoid any year-end surprises down the line.
As far as customer support goes, TurboTax definitely goes the extra mile. Aside from providing phone, live chat, and online contact form options, the company behind this particular tax software also does its absolute best to educate their customers about anything and everything relating to their service as well as the entire tax filing process. From incredibly helpful traditional, as well as community-based, FAQs, to tax tips and videos, and even a variety of tax calculators, you will definitely not lack of any useful resource with TurboTax.
What's the Verdict on TurboTax?
TurboTax Review 2020 – Conclusion
To say that TurboTax is a good tax software is an understatement; it is simply one of the best in the field due to how complete its offering is. While its plans are certainly some of the more expensive in the market, you do get what you pay for with the sheer abundance of features on tap. Beyond their robust offering, they also provide a user-friendly interface, tons of learning resources to help get you up to speed, various guarantees that ensure you get your investment’s worth, and even bank-level security for the ultimate peace of mind. It is also free to start, so what are you waiting for? Check out TurboTax now and start conquering the tax season!