TurboTax is an application package for the preparation of individual American income tax returns, created by Intuit. TurboTax is now a world leader in its product category, competing primarily with H&R Block Tax Software. TurboTax was created by Michael A. Chipman in 1984 and sold to Intuit in March 1993. The majority of its features are incorporated into the regular version, but a few additional features are available for paid version users. The majority of the tax preparation industry uses TurboTax.
TurboTax has several basic models of personal tax return software packages, all with different levels of tax preparation capability. The most common model is TurboTax 4.0, which enables virtually any user to prepare his or her own tax return and optimize the budget. It also supports state and local tax situations and includes provisions for itemized deductions and payroll options. In addition, it provides support for other tax topics such as mortgage interest and credit tax deductions. There is also a version of TurboTax dedicated to charitable giving.
TurboTax Software Free Edition
The TurboTax Professional edition is the most comprehensive version of the product, including support for several additional tax topics as well as support for the automatic filing of federal income taxes. Tax credits are available for education, medical care, home ownership, and purchases of automobiles. Tax deductions can be calculated for purchasing energy-efficient appliances and cars and qualifying for child care benefits will result in larger refunds. The Intuit TurboTax Online Solution, or TOS, is also designed to simplify filing taxes on a national level. It is free from most of the errors commonly found with the other versions of the software.
Intuit TurboTax Online Solution includes video tutorials for the purposes of learning about tax topics, as well as online support for Intuit products. The software allows users to obtain their most recent federal tax returns and document-related information easily and quickly. Users can print their tax returns using the Intuit Online Tax Filing system. The Intuit TurboTax system is easy to install and provides detailed help when needed. Users can import PDF files from their federal tax returns or any other sources and organize their records according to categories and file types. A customized tool helps users organize their records and track deductions and credits earned on payroll tax preparation.
As an additional feature, the Intuit TurboTax System comes with the following additional features: online help, file preview, track changes, search through a list of employers and clients, and a PIN that customers can use to log in. Users can import more tax information into their accounts than what is contained in their actual federal or local tax returns. In addition, they can make changes to their records right away by using the simple return-free filing process. The return-free filing is an easy, fast, and secure option for filing federal, state, or local tax records. An easy-to-use PIN pad provides users with step-by-step directions and links to resources and frequently asked questions about tax planning and filing.
The Intuit TurboTax w-2 version was designed to be user-friendly, and its refund history tracker makes tracking past refunds easy and fast. It also includes an intuitive and easy-to-navigate control panel. Intuit TurboTax has received numerous positive reviews and is consistently ranked among the best tax software free edition programs. Its solid performance and easy-to-use features have made it one of the most popular options among consumers. Interested consumers can learn more about the program and available models by visiting the website listed below.