Turbotax Online is the web based software from the makers of the Turbotax software for PCs. Turbotax software has been around for over a decade. During this time, it has shipped millions of copies of their tax software.
For the past few years ever popular PC software is available on the Web. This makes it easy to prepare your tax return. There is no software CD to install and no files to protect. Its all online and you can prepare and file your tax return right on the Website.
For Tax year 2008, Turbotax is packaged in 5 different versions:
- Free Online Edition
- Deluxe Edition
- Online Premier
- Online Home and Business
- TurboTax Personal Pro
Since tax laws change every year, the software is updated every year for the latest tax law changes. Here is what you can expect from the different versions.
Features Common to all online Editions – Free Federal efile, All Tax Calculations – Real-time answers online from TurboTax experts and other users of the software, Life Changes to your tax situation (eg getting married, Realtime online answers)
The Free version is probably the best place to start if you are new to online tax preparation. First off, its great to get your feet wet and discover what the software has to offer. In fact you can preview your tax return long before you finalize it. Secondly, you are not locked into the free version, if your tax situation is such that it needs more complex calculations, the software will automatically suggest the best version of their software.
Is It Really Free? Put it simply its a Free for your federal tax return. The Free applications to the Federal tax return. If you live in a state that requires a state return to be filed, you will need to also get the state version if turbotax for your state. You would have to chip in a bit of dough for this. But even this small extra fee is well worth it, when you compare to filing with a tax professional online.
Learn more about tips on selecting tax software and in-depth reviews of Turbotax Online comparison at this web site dedicated to tax preparation tools.