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It's not junk depending on what you need. For us Turbotax deluxe* is very easy to use with our particular Schedule C business and easily imports our brokerage account information. I tried H&R block one year and I could not get it to properly calculate our business tax credits even after opening a support ticket.
Also - an FYI for those that used TaxAct, H&R Block or TaxSlayer online services in previous years: There is a good chance they secretly sent data about you to Meta\Facebook: https://arstechnica.com/tech-poli...with-meta/
*In previous years there were some abilities you'd get with the physical disk that weren't included in the download copy. I haven't looked this year to see if that is still the case or not
Cause Intuit, maker of TurboTax, and other tax prep software companies have paid off Congress to make sure they don't allow this to happen. It's been contemplated for years and years.
Yea TaxAct is like Turbo tax. They have a "free" option but they make it so bad to get you to pay for one of their other versions. So I agree it probably was awful to use.
Try https://www.freetaxusa.com/ you might like it. Works as well as the paid versions I have used in the past. That and cost nothing to try as well. I am on my 3rd year using it and have house, bonds, stocks, and even side hustle/business cost.
Nothing is free. To pay for the tax service they sell your data to third parties I am sure if that matters to you.
Don't forget promo code citi2022 if paying with a citi card. You will have to select the physical version. The code is good for $15 off for many items.
Don't forget promo code citi2022 if paying with a citi card. You will have to select the physical version. The code is good for $15 off for many items.
No fee for application itself
No fee for Fed File
Cheaper State File (14.99 vs 29.95)
Same User friendly website with same deductions
Deluxe Upgrade is 7.99 vs 49.99+
Can I import my brokage statement directly. I day trading (not profitable yet) with thousands of transactions and need the ability to import such statement from my brokers. Thanks
Just a warning, I got screwed by TurboTax licensing detections before. I bought the same deal on Amazon a few years back and install it once to make sure license works. Then I factory reset my PC and when I install it agaian to file the tax later on the samw machine but it said that my license already being used no longer be able to use the software. I posted on TurboTax forum and they didn't give a crab about it. I ended pay extra for the online version.
Last year, I bought the CD as usual. I had some issue installing from the disk - I forget the details. So, I used the same code to get the download version (not the online version).
In the past, I once installed TT on multiple PCs so I could use two different states. One was for me, the other was my parents' return.
Deluxe is fine for rental properties. If you are self-employed or pay employment taxes for a household employee then I think you need premier.
According to TurboTax, one needs Home&Business to report Rental Income. Does Deluxe or Premier help you to do Schedule E, which is where most people report rental income.
Just a warning, I got screwed by TurboTax licensing detections before. I bought the same deal on Amazon a few years back and install it once to make sure license works. Then I factory reset my PC and when I install it agaian to file the tax later on the samw machine but it said that my license already being used no longer be able to use the software. I posted on TurboTax forum and they didn't give a crab about it. I ended pay extra for the online version.
A single copy can be installed multiple times (5) so even if you installed it once, wiped your PC and then tried to install it again you should have been able to --- unless you also gave the serial to someone else who installed it and shared with their friends, etc. and used up the other 4 install instances before you got a chance to re-install.
Last edited by TribalSeek November 26, 2022 at 02:56 PM.
What minimal edition do I need if having done some 1099 work on the side plus a little investing?
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from lhiraman
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From what I know -- which isnt much, if you sold stocks or any funds and get an 1099-S you need Prem. Maybe other people with knowledge can jump in
Desktop deluxe can handle ALL stock/futures/options/dividends (brokerage) transactions and will import them directly from "select" financial institutions
Desktop deluxe can handle self-employed people with 1099 income (1099-NEC, used to be 1099-MISC) including Schedule C, 179 deductions
If you don't need extra "handholding" there is almost nothing that Desktop Deluxe will not do - Intuit will try hard to convince you that you need something else because they want more money, do not fall for it!
Web/Online deluxe does not have the same feature set a Desktop deluxe.
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Also - an FYI for those that used TaxAct, H&R Block or TaxSlayer online services in previous years: There is a good chance they secretly sent data about you to Meta\Facebook:
https://arstechnica.com/tech-poli...with-meta/
*In previous years there were some abilities you'd get with the physical disk that weren't included in the download copy. I haven't looked this year to see if that is still the case or not
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Try https://www.freetaxusa.
You do realize even the pay ones sell your data.
https://www.cnbc.com/2022/11/22/p...eport.html
TurboTax was first called out for it years ago then others started doing it as well.
Got burned in the past with the Gift card being physical.
But how did you get burned by a physical GC?
$32.68 + $10 Amazon Gift Card
$32.68 + $10 Amazon Gift Card
Thank you
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No fee for Fed File
Cheaper State File (14.99 vs 29.95)
Same User friendly website with same deductions
Deluxe Upgrade is 7.99 vs 49.99+
In the past, I once installed TT on multiple PCs so I could use two different states. One was for me, the other was my parents' return.
and not for IRAs?
Desktop deluxe can handle self-employed people with 1099 income (1099-NEC, used to be 1099-MISC) including Schedule C, 179 deductions
If you don't need extra "handholding" there is almost nothing that Desktop Deluxe will not do - Intuit will try hard to convince you that you need something else because they want more money, do not fall for it!
Web/Online deluxe does not have the same feature set a Desktop deluxe.
Sign up for a Slickdeals account to remove this ad.
Leave a Comment