TurboTax Income Tax Preparation Software for Tax Year 2009

TurboTax for Tax Year 2008 is available in five online software versions and four desktop software versions. TurboTax is the best Tax Preparation Software available in the United States and its been consistently do better with its impressive qualities.

TurboTax can easily outscore online tax preparation service like Taxslayer.com or for matter software TaxAct or HR Block's TaxCut. The best thing about TurboTax is clearly the way data is available and request information. TurboTax asks simple questions, give answers on IRS-approved Tax declaration forms then double checks for errors and missed deductions. TurboTax calculations are guaranteed accurate.

TurboTax Every paid Version Features :

Transfers Data from last year's Return.
Free Audit Support download.
Interview walks you through Tax Return.
Accurate Calculation and Maximum Refund Guarantees.
Print your Return, or efile (one free federal efile, additional efile fees extra).
Live Community, Integrated with TurboTax Online, also available via Internet browser for Desktop Customers.
Multiple State Support.

TurboTax Premier :

TurboTax Premier has all the features of TurboTax Deluxe, with support for investments :

• Maximizes rental property deductions and simplifies rental property income reporting.
• Tax-saving advice for 401(k)s and IRAs.
• Income tax reporting for stocks, bonds and mutual funds

TurboTax Premier Online Retails for $49.95 and Includes 1 Federal efiling. Add TurobTax Online State for $34.95. TurboTax Premier Desktop Tax Software for PC or Mac Retails for $89.95 and include Five Free federal  efiles and One Free State efile Additional States e-file fee $17.95 per State.

TurboTax Basic :

This TurboTax for the basic federal income tax reporting without investment income and no itemized deductions. TurboTax State is sold separately.

• EasyStep interview and error checking.
• Imports W-2 and 1099 data.
• Imports tax-related data from Quicken.
• Free Audit Support Center.
• Guidance for life changes that impact income taxes.

TurboTax Basic Online Retails for $14.95 and includes one federal efiling. Add TurboTax State Online for $25.95.  TurboTax Basic Desktop Tax Software for PC or Mac Retails for $29.95 and includes 5 free federal efiles. TurboTax State Desktop Retails for $39.95 per State Return.

TurboTax Deluxe :

TurboTax Deluxe is for the Tax Return with itemized deductions. TurboTax Deluxe includes all the features of TurboTax Basic, TurboTax plus State and these Features :

• Includes list of all deductions, information required to qualify and Reviews Tax Return for overlooked deductions.
• Audit Risk Meter.
• Covers over 350 Tax deductions and Credits.
• Includes ItsDeductible for tracking Tax deductible Charitable Contributions.

TurboTax Deluxe Online costs $29.95 and includes one federal efiling. Add TurboTax State Online for $34.95. TurboTax Deluxe Desktop for PC or Mac Retails for $59.95 and include 5 free federal efiles and 1 free state efile. Additional states e-file fee $17.95.

TurboTax Home & Business :

TurboTax Home & Business includes all the features in TurboTax Premier and a longer interview, which covers the Schedule C and self-employment.

• Prepares and prints W-2 and 1099 forms for employees and contractors.
• TurboTax Home & Business Categorizes business expenses, maximizes home office deductions and has improved depreciation calculation.
• Identifies deductions for travel, home office, vehicle expenses and other tax deductions.

TurboTax Home & Business Online retails for $74.95 and includes one free federal e-filing. Add TurboTax State Online for $29.95. TurboTax Home & Business for PC or Mac retails for $99.95 and include 5 free federal efiles and 1 free state efile. Additional states e-file fee $17.95 per state.

TurboTax Online Tax Preparation Software Advantages :

The User interface is excellent. It’s user-friendly and very organized.
The account set up process is very easy.
You can easily upgrade to the product that fits your unique tax situation the best
24/7 access from any computer, any where.
Awesome online support forums, aka. Live Community.  I think it’s worth signing up for the online software and upgrade just to gain access to these forums for tax help and advice.

TurboTax Online Tax Preparation Software Disadvantages :

You can only File one Tax Return per User Account.
You could easily get carried away with all the upgrades and add-ons.
Strange pricing structure that could cost you more money than you expected.

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