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If it’s unable to import with just your EIN, you can manually take a photo of your W-2 and send it to Turbo Tax that way.
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You don’t have to fill out your W-2 line by line, as you can just provide your Employer Identification Number (EIN) listed in Box b of your W-2, after which the software will import your W-2 information. TurboTax can also easily import W-2 information. TurboTax allows you to choose from various service options from its user-friendly website and helps you easily submit tax returns by populating digital forms with the correct information based on your Q&A session. Offers extra deduction help and features for Square, Uber, Lyft, and features for freelancers and independent contractors.
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The Deluxe version with the ability to report rental income and investments (Schedules D, E, and K1s).Įverything in the Premier version plus it can handle business income and expenses. Note: You can’t report rental income or capital gains (Schedules D and E). Itemizing and claiming several other tax deductions and tax credits.
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Similar to the free version but with on-demand video access to a tax pro for help. Simple tax returns allows you to file a 1040 and a state return for free. So, how much is TurboTax 2020? Here is a summary of the versions and prices: Version Prices vary depending on your tax return. Upload your documents and have a TurboTax 2020 expert prepare and file your taxes for you.
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TurboTax introduced TurboTax Live Full Service for the 2020 tax season, as an extension of the TurboTax Live feature. Get TurboTax Self-Employed Now TurboTax Live Full Service Uncover all the tax deductions you’re entitled to, get a personal and small business income review, and a personalized audit assessment. With TurboTax Live Self-Employed, contractors, freelancers, and small business owners can get live tax advice.
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$200 for federal returns and $55 for state returns You can automatically import your investment income and account for gains and losses from cryptocurrency transactions. This includes bonds, stocks, robo-investing, ESPPs, cryptocurrency, rental property income, and more. TurboTax Live Premier allows you to connect with a tax expert who provides personalized guidance and advice for nearly every tax investment situation. $170 for federal returns $55 for state returns TurboTax Live Delux is similar to TurboTax Live Basic but also allows you to talk with a tax expert about more than 350 different tax deductions, including charitable contribution deductions and mortgage tax. $120 for federal returns and $55 for state returns TurboTax Live experts can assist in English and Spanish, all year round. These experts can answer your tax questions and file your tax return.
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TurboTax Live Basic allows you to connect live with a one-way video link to a TurboTax Live tax expert with more than a decade of experience. $50 for federal returns and $45 for state returns You can also import your 1099 form by taking a photo of it on your smartphone. TurboTax Self-Employed gives guidance on expense reporting, such as mileage, cell phone charges, and home office equipment.
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It focuses on online sales, personal and professional services, ride-sharing, and other industries where people are self-employed. It can help reduce your taxes and put more money back into your pocket. If you’re a freelancer, TurboTax Self-Employed helps you uncover industry-specific deductions you may not have known about. $120 for federal returns and $50 for state returns TurboTax Premier is the only online tax program that can import over 1,500 transactions from more than 300 financial institutions and more than 2,000 crypto transactions from major crypto platforms. This product helps you to easily report your investments transactions accurately. It helps to incorporate bonds, stocks, cryptocurrency, ESPPs, rental property income, robo-investing, and more. When it comes to online taxes, TurboTax Premier has been completely revamped to deliver the best experience for investors. $90 for federal returns and $50 state returns The Deluxe version is designed to ensure you get the maximum tax refund and also provides you with a credit score and access to Turbo, an online tool to help you understand your taxes. TurboTax Deluxe determines which tax deductions you qualify for by searching more than 350 tax deductions and credits. $60 for federal returns and $50 for state returns