Every year, millions of people file tax returns online. In 2017, more than 52 million people submitted their tax returns online. From necessary personal tax returns to complex organizational tax situations, the electronic filing makes your tax filing easier. But this is not always the case. Not long ago, most people were skeptical about filing tax returns online. How to solve the security problem? What if you make a mistake? What should I do if I want to modify it after submission?
A company took a different approach and created a product, which changed the way we pay taxes. This company is Intuit, and its product is TurboTax.
Comparison of different versions of TurboTax; TurboTax Free: suitable for income with only salary W-2 or/and unemployment benefit 1099-G, even if you have children; But there are no other circumstances such as buying a house, no student loans, no buying or selling stocks, etc. TurboTax Deluxe: suitable for people or families with W-2 incomes and houses. It can use Itemized Deduction to calculate taxes, and most common expenses can save taxes; TurboTax Premier: based on the Deluxe version, it also includes more complicated income and expenditure such as investment in stocks and bonds and rental income; TurboTax Self-Employed: It is the complete version, including a tax deduction for self-employed income.