The system takes it from there, assigning your file to an expert tax preparer who prepares your return.
With TurboTax Live Full Service, your only obligation is to gather all relevant tax documents and upload them securely to TurboTax. If you prefer a truly hands-off tax prep experience and are willing to pay for it, choose TurboTax Live Full Service. The highest-priced plan costs about $220. The lowest-priced standard TurboTax Live package costs about $80. When you complete your return with TurboTax Live, your tax expert signs your return before sending it off to the IRS.Īll paid DIY TurboTax packages are available as a Live package at a higher price point. The tax expert appears by video on a split screen next to your tax prep interface so you can follow along with them and take suggested actions in real time.Īll TurboTax Live packages include thorough line-by-line reviews prior to e-filing. Standard TurboTax Live is a hybrid product that pairs you with credentialed tax experts for on-demand assistance during the prep and filing process. If you need more prep assistance than TurboTax’s DIY resources can provide, TurboTax Live is right for you. If you opt for a paid plan, you don’t have to pay until you file.
If TurboTax recognizes that you require a form or function that your current plan doesn’t support (such as itemized deductions or self-employment income), it automatically prompts you to upgrade without losing the information you already entered. Based on your answers, TurboTax determines which forms and schedules you need to successfully complete your return.
The DIY platform uses an interview-style process in which your answers to a series of simple questions help it evaluate your tax situation. Many TurboTax filers begin by choosing from one of four DIY plans. TurboTax Live is further divided into standard TurboTax Live and an even more robust option called TurboTax Live Full Service, which is totally hands-off for filers. TurboTax has two primary services: do-it-yourself and TurboTax Live.
Is TurboTax right for you? Learn more about the platform’s features, capabilities, and overall suitability for your tax preparation needs to find out.
It also isn’t the fastest service I’ve ever used. But it’s pricier than most competitors and requires people with even modest tax situations to upgrade to more expensive plans. Its interview-based filing process is highly intuitive, and the mobile-friendly platform is a snap to use. That’s not to say that TurboTax is perfect. That was my go-to before freelancing rendered my tax situation too complex, and it’s only growing more robust. Its free filing package has long been one of the best free tax filing options around.
I’ve personally used TurboTax to file my taxes in the past.
Major TurboTax competitors include popular online tax filing software like H&R Block, TaxAct, eSmart Tax, and TaxSlayer.
I think TurboTax is a great alternative for some businesses that don't want the expense of a personal accountant, and it was really easy for me to get set up on the software and take advantage of it to file early and get those deductions.TurboTax is one of the most popular online tax preparation and filing software programs in the United States. So it's already basically set up for you, which is a huge convenience and it's as easily as download and go so long as you have Windows software. TurboTax makes it really easy to import and download information you already have in QuickBooks and from previous returns. So I was able to be satisfied with just the software.
So that was really the main reason that I like TurboTax is that it really goes through all of those points, and it's really cheaper than hiring a professional accountant in my case. I also considered H&R Block software, but because I had already used TurboTax for my personal taxes and I was starting up a new business, I was already familiar with the platform and easily transitioned to TurboTax Business software.Īs a startup business, I wanted to make sure that I got all of the deductions that I was entitled to, and TurboTax really walks you through all of the available possibilities and you definitely don't want to leave any stone unturned. For more reviews like this, just click below. I'm the Founder and I give TurboTax Business five stars.