TurboTax has been one of the most popular online tax software applications used by small-business owners, self-employed professionals, home-based business owners, and the majority of homeowners in the US. The TurboTax system is designed to be easy to use for everyone, regardless of their level of knowledge or experience with tax laws and codes. TurboTax is absolutely free, so anyone can download it and begin utilizing the software immediately. This article will provide information about the TurboTax Military and USAA Discounts, which can save you even more money on your next tax return.
First, let’s look at Turbo Tax for Military. Qualified military personnel and retired military personnel may qualify for a 10% federal tax credit. This credit is automatically applied to your return, as long as you meet certain criteria. Here is what you must know about TurboTax for military, USAA, National Guard, and Veterans discounts:
Tax service codes must be filed for Turbo Tax with the IRS every year. If a tax service code falls within the USAA or Navy Federal Credit Minimum Range, you will receive a discount. If a tax code falls outside this range, you will not receive a discount. Either way, TurboTax does not provide a discount if the code is not applicable to you.
When you download the free version of Turbotax, you will find an online calculator that allows you to create simple tax returns. This is the same calculator used by thousands of professional tax filers online. If you need help calculating your tax return, you simply need to tap into the online calculator and it will walk you through the process step-by-step.
You cannot take advantage of the Turbo Tax for a military discount if you are using the free edition. The free version does not have any of the features available in the more expensive version and you will not receive the helpful online tax calculators that allow you to calculate your taxes with ease. If you still need more information about the Turbo Tax for military discount, you can find several websites that offer further information on the subject. This includes an eBook that explains the basics of Turbo Tax and offers recommendations on which state tax returns are the best candidates for using the system.
For tax filers who need a simpler way to file their state tax returns, Turbo Tax for the military is the premier free online tax return package. While it is not a perfect fit for those who use Turbo Tax for business tax or self-employed tax returns, it does work well for those who use Turbo Tax for personal income tax. This includes those filers who do not qualify for the refundable status but would rather file their taxes by using the self-employed option. The free version is also the premier choice for those who want to save money on their federal tax return. For this reason, it is not hard to see why the free version of Turbo Tax for the military is the premier choice for many tax filers.