#2014 turbotax premier price upgrade#
#2014 turbotax premier price free#

For example, after entering in my property taxes, it said something like вЂњGood news! The $X,XXX you paid is deductible and just reduced your tax bill!вЂќ The softwareвЂ™s вЂњpersonalityвЂќ was more friendly and positive.It should have asked me first if I actually wanted to figure these things out. For example, just entering a simple $700 1099-MISC from some random bonus deal led me down a 5-minute rabbit hole where TurboTax was trying to decided if this was really a W-2 job or independent contractor pay, if it was a business or hobby, and if I could deduct my cell phone usage and mileage for it. There was an increase in probing questions.I did feel like there were two slight changes from previous years though: I still remember filling out paper 1040 forms, and this is definitely easier to understand and less intimidating. IвЂ™m sprinkling several screenshots throughout this review, which you can click to enlarge.ДЄs in previous years, TurboTax uses a question-and-answer interview format. It feels like I could fill it out on an iPad, with its clear text, lots of pictures, and big buttons. The 2014 user interface is probably the cleanest one IвЂ™ve seen from Intuit. IвЂ™m pretty sure if you donвЂ™t enter any business expenses and/or deductions then you wonвЂ™t have to make the upgrade.

#2014 turbotax premier price upgrade#

Note: I was able to enter the data from 1099-MISC forms without having to upgrade to Home & Business, even though this could be technically called вЂњself-employment incomeвЂќ. I remember those daysвЂ¦ my entire tax return fit on a single sheet of paper. You must file Form 1040A or 1040EZ вЂ“ that means taxable income of $100,000 or less, no itemized deductions, no investment income, no stock sales.

#2014 turbotax premier price free#

This year, TurboTax also has a Free Edition where you can get $0 Fed + $0 State for simple tax returns only. There are additional discounts out there available through various financial firms like Vanguard or Fidelity.

TurboTax State Online an optional add-on at $36.99 including e-file. Although their website shows a вЂњretailвЂќ price of $79.99, anyone who visits the site will automatically see a discounted price of $54.99 for Federal including e-File. Due to my stock sales, I am going with TurboTax Premier Online. TurboTax comes in Free, Deluxe, Premier, and Home & Business tiers.

Itemized deductions (Schedule A), including property taxes and charitable giving.

Capital gains and losses from brokerage accounts (Schedule D).

Contribute to retirement accounts (401ks and IRAs).

Interest income and dividend income from bank accounts, stocks, and bonds (Schedule B).

Both with W-2 income, as well as some simple 1099-MISC forms.

Married filing jointly, subject to state income tax.

HereвЂ™s a quick summary of our personal tax situation. First up is Intuit TurboTax, the more popular online version. I like shopping around as with all of these services, you only pay when you file. I plan on comparing the three major tax preparation websites again this year: TurboTax, H&R Block, and TaxACT. Although IвЂ™m still waiting on some 1099 forms (*cough* TD Ameritrade), IвЂ™ve already got most of my paperwork in order for my tax returns.