TurboTax can help find you any new tax deductions and credits. for free guidance from a trained tax professional. when your tax return is accepted.

At TurboTax we make it easy to get your taxes done right by letting you start when you want on any device and this year you can pick up where you left off on your smartphone tablet or computer. We're

Pros

• Step-by-step guidance with a Q&A format that is easy to follow.
• TurboTax Live provides on-demand advice and a final review from a tax expert.
• Live Full Service has a tax expert prepare, sign, and file your return.
• Accuracy and maximum refund guaranteed*

TurboTax Plan Prices

Backed by our Full Service Guarantee Review everything with your expert before they sign and file for you. They won't sign your return until they're 100% sure it's done right, guaranteed.

Why use TurboTax Free Edition? If you have a simple tax return, you can file your taxes online for free. Just import your W-2, answer basic questions about your life, and get your maximum refund, guaranteed.

TurboTax has many benefits, but not everything about the service is perfect. Downsides include higher costs compared to competitor pricing and the potential additional cost of utilizing a tax expert.

Cons: More expensive than other tax-filing software. Only those with simple tax returns (including those with only W-2 income) qualify for the free version, other situations start at $69. Live expert assistance plans start at $99.

TurboTax is generally pricier than everything else out there. While confident filers may not need all the bells and whistles that most TurboTax online products offer, some people may find the experience and the availability of human help worth the extra cost.

For software, you'll find mostly similar features, though TurboTax does a better job of importing tax details from banks, investment companies, and other software. H&R Block stands out with the option to get help from a tax professional in person, which you can't do with TurboTax.

Cons:

• More expensive than other tax-filing software.
• Only those with simple tax returns (including those with only W-2 income) qualify for the free version, other situations start at $69.
• Live expert assistance plans start at $99.
• State taxes are generally an additional cost for most paid plans.

A Quick Look at TurboTax

TurboTax Free Edition – Free for Simple Returns For the ninth year in a row, we are offering free federal and state tax filing with TurboTax Free Edition, helping millions of Americans file for free. TurboTax Free Edition is for simple tax returns only – you can see if you qualify here.

Cons of Using TurboTax: On the other hand, a CPA can provide personalized advice and answer specific questions. Potential Errors: Although TurboTax is designed to be user-friendly, there is still a risk of input errors or misunderstandings during the data entry process.

In 2020, for example, approximately two-thirds of tax filers could not use TurboTax's free product. “TurboTax is bombarding consumers with ads for 'free' tax filing services, and then hitting them with charges when it's time to file,” said Samuel Levine, Director of the Bureau of Consumer Protection.

When to Hire a Tax Professional vs. Using TurboTax

1. You're not taking the standard deduction. As a business owner, you've likely recorded many of your purchases as deductible expenses.
2. Your taxes are complicated.
3. Your books are sloppy.
4. You've been investing.
5. You don't have time.