Turbotax – all of us welcome the New Year with a lot of pomp and grandeur. However, on the back of our minds, we keep thinking about filing our tax returns. Usually, soon after a new year commences we mostly start making preparations for filing our taxes. Now, by no means, this is an easy task. There are so many things to be taken into account. For most of us who work as employees find this an uphill task. Generally, we resort to a tax lawyer to do the needful. Quite naturally, for this, we need to pay the guy a hefty fee. It is the perfect time to change our outlook. You can now make use of the tax software to do the necessary tax calculations. TurboTax at present is the best tax software for this purpose.
Overview of the TurboTax software
You will find different versions of the TurboTax software. You can use them according to your requirements. TurboTax Premier and TurboTax Deluxe are the most common versions. You will be able to file returns for both federal and state income tax. The makers of TurboTax know about the lack of knowledge of most users regarding tax calculations. Therefore, TurboTax offers a step by step guide for everyone. Each year, the makers release a new version of this software as soon as the IRS approves the revisions to the forms and the current version of the TurboTax. Over the years, TurboTax free and the other versions of the software have become very popular.
Advantages of using TurboTax
- It is very Easy to operate: When you start using the TurboTax software, you will find it very easy to operate. As you go on working with the software, it will give you the impression as if you are attending a friendly questionnaire. As you finish answering these questions and verifying your information, you have already done the needful in preparing your tax calculations.
- You can resume from where you left: It is always possible that while answering the questions you need to head for some critical work. In normal circumstances, you will need to restart the entire session. But, TurboTax gives you the advantage of resuming the questionnaire from where you left.
- You can learn more about taxes: The established tax software will acquaint you with aspects like tax credits and deductions. When you are in a position to understand how these factors are going to affect your life, adequate preparations can be taken. As already mentioned above, just by answering simple questions you can expect the best tax refund.
- Instant answers to queries: It is obvious, no matter how much you learn about your taxes, there will always be some questions plying on the back of your mind. When you use TurboTax, you can quench your thirst by participating in the live community which is now AnswerXchange. Right from laymen to experts, someone is always ready to respond to your queries.
Undoubtedly, you will feel at home when you start using the TurboTax tax software.
What is TurboTax Free?
Your ultimate aim is to get maximum refunds. Naturally, when you hear that your tax calculation can be done for free, you will feel happy. But you should know that previously there was an option called TurboTax Free Absolute Zero. The said feature at the present day no longer exists. But, there is another option. As an employee, you need to fill in the 1040A and 1040EZ forms. Therefore, the free edition will help all the individuals to file their federal and state taxes for free. This is a unique feature which you will seldom get from any other tax software. Basically, with the help of the TurboTax Free Edition, an employee can now do the following without having to pay a penny, and these are:
- Facility to import the tax return of the previous year: It is possible that you are using TurboTax for the first time. So, you will need the last year’s report so that you can modify it according to the format of TurboTax. You will be able to do so for free.
- Advice and analysis: As you prepare to calculate your taxes, you can always rely on the help of experts. They are going to suggest you the best way for getting the maximum refund.
All those individuals who have used this feature have got a lot of help. The testimonials and feedback from satisfied customers can be found all over the web. Again, this highlights the importance of introducing TurboTax for your tax calculations for years to come.
Turbotax Login – Since TurboTax is an online filing service, firstly you have to create an account. For those of you intending to file a federal, you can do so with the TurboTax free option. When creating your account, you will need to visit the myturbotax page. After the successful creation of your account, you can log in with your credentials.
Working with TurboTax
Always remember to prepare well before starting the online tax filing. For this, you should save your receipts related to business or work. Similarly, keep track of all your expenses. When you open the TurboTax page for the first time after creating your account, you will need to select the best plan. TurboTax can recommend you the best plan based on your inputs. The next step would require you to furnish information about your personal and financial life. The TurboTax self-guide will stop at intervals for you to verify all the details. Once you summarise them and find that they are perfectly fine, you can proceed towards the next steps.
You will now have to input details about your business, your name and address. If you are an employer, you need to enter the details of the number of employees you have and the amount spent on their wages. Next, you shall provide the details of your accounting method, your employer id number, and the mode you use to keep track of accounts. Next, supply the details of your business income, details about your inventory, the business expenses which you are going to claim, and details on your business assets; once all the above steps are completed, you are set to file your online tax returns.
Contact or Support Details
Anything related to tax will make people ask a lot of questions. For this reason, the TurboTax website has a dedicated customer care team available 24/7. They are always ready to help you regarding information on filing returns and purchasing CD or downloading other relevant information. You can access the user community forum to get help anytime you prefer. Typically, you can contact TurboTax via phone on weekdays from 5AM-9PM. For those who are opting to use the TurboTax Free Edition will however not be able to reach them over the phone. The other ways to contact TurboTax particularly for those who are using the TurboTax online feature are as follows:
- You can sign in to your TurboTax account and select Help from the upper right corner of the screen.
- Here, you will find the “Contact Us” option. Enter your query and then select continue.
- You now have the option to choose and submit your question to the panel of experts or to talk personally with a TurboTax representative live.
- The TurboTax phone number is 888-777-3066. Since many individuals are in the queue to inquire about various tax-related aspects, you may have to wait for a considerable period before you can speak with a customer care executive.
Here is the address of the TurboTax Corporate Headquarters:
Intuit Corporate Headquarters
2632 Marine Way
Mountain View, CA 94043
Phone: (800) 446-8848.
About the TurboTax company
Intuit Inc, the company behind this successful tax filing software, has been serving consumers with state-of-the-art financial solutions. Since the year 1983, the company has successfully gone on to help more than 46 million customers worldwide. The countries using the services of the various Intuit products include Europe, North America, Australia, Brazil and India. TurboTax is one of its flagship products. There are several other flagship products of Intuit that include QuickBooks, Mint and ProConnect that aim at making life easier for individuals for varied financial requirements.
The central assertion of TurboTax is to make life easier for those who are looking to file their tax returns online. The move of the company is letting users pay the federal taxes with the TurboTax Free Edition is commendable. Moreover, TurboTax has been helping everyone willing to file their tax returns for the last 35 years. The self-guided portal is very helpful, and it aims at maximising how individuals will be able to get a tax refund.
Even for those who have never used online tax filing services before will find TurboTax very easy to use. It has been possible due to the years of experience that Intuit Inc has. At the same time, TurboTax also uses artificial intelligence whenever necessary to make the experience better for its esteemed users.
When you start using TurboTax, you will realise that this is the ultimate online tax filing software. Even for those who have experience of using different online tax filing software will be able to understand the difference.