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The deadline to file your taxes is fast approaching. If this thought scares you, it shouldn’t… file your taxes in 2024 is quite easy with the right help.
When it comes to tax preparation, CBS Essentials readers choose TurboTax over any other software or service. TurboTax guides you through the tax filing process, doing all the calculations and asking all the right questions so you can get your maximum refund (or the lowest tax bill if you underpaid in 2023).
As easy as Intuit’s TurboTax software is to use, the company offers another option that makes filing taxes even simpler: TurboTax Live Full Service. As the name suggests, this full-service option connects you to a virtual tax professional with an average of 12 years of experience, or a local Intuit TurboTax Verified Pro, who can handle the tax filing process for you from start finished in just a few minutes. A day.
Here’s what you need to know about this useful TurboTax service option.
What is TurboTax Live Full Service?
TurboTax Live Full Service connects you with a tax professional with expertise in your tax situation. Whether you’re an individual tax filer, self-employed, or small business owner, TurboTax will find the right fit for you. Experts are available for English- and Spanish-speaking filers.
The TurboTax expert you’re matched with will do just about everything for you, from start to finish. They will find you the maximum reimbursement you are entitled to. The expert will have access to Intuit Assist, the company’s new generative AI financial assistant, for additional precision checks and assistance. (Speaking of accuracy, your return is guaranteed for life, with free audit support.)
One thing we like about the TurboTax Live full service is its speed. All you have to do is upload your documents for the tax professional to access and you will file your taxes the same day. TurboTax Live Full Service works with your schedule: you can speak to a tax professional even at night and on weekends.
If you like the TurboTax Live Full Service tax expert you’re paired with, you can choose to use it the following year. This way, you can establish a personal relationship with someone who is familiar with your unique tax situation.
The full TurboTax Live service starts at $119. Press the button below and do your taxes today.
What are the other TurboTax options?
TurboTax offers many options for filing your taxes in 2024.
TurboTax Free Edition
This free version of TurboTax is a great option for taxpayers whose income largely comes from W-2s (about 37% of tax filers qualify). The tax software includes free filing of your federal and state tax returns (Form 1040 and limited credits only). According to TurboTax, the free edition covers W-2 earnings, Earned Income Tax Credit (EIC), and child tax credits, as well as your standard deductions, student loan interest deductions, and limited reporting of interest and dividends (1099-INT, 1099-DIV).
It should be noted that TurboTax Free Edition cannot handle 1099-G unemployment income or itemized deductions.
Users benefit from round-the-clock support from TurboTax’s online community of TurboTax specialists. Are you worried that something might go wrong? TurboTax Free Edition includes audit guidance, backed by TurboTax’s Audit Support Guarantee.
TurboTax Deluxe
TurboTax Deluxe includes all the features of TurboTax Free Edition, plus a few extras. This is a good option for homeowners: This version of TurboTax offers homeowners step-by-step guidance on how to turn their real estate investment into a major tax break. (If you hope to deduct the interest you paid on your mortgage, you’ll need to opt for TurboTax Deluxe.)
TurboTax Deluxe includes a search of over 350 tax deductions and credits to find all eligible tax breaks. And if an unexpected form arrives late, this software lets you make changes to your tax return, online, up to three years after it was filed and accepted by the IRS.
TurboTax Deluxe also includes one-on-one support from live TurboTax product specialists.
TurboTax Deluxe is available on the TurboTax website. You don’t have to pay for the tax software until you file your return.
TurboTax Deluxe, $59 (was $69)
TurboTax Deluxe can be upgraded to TurboTax Live Deluxe. Upgrading gives you access to unlimited tax advice and a final expert review.
TurboTax Live Deluxe, $129 (was $139)
TurboTax Bonus
TurboTax Premium has all the features of TurboTax Deluxe, with added support for those who are self-employed or have investment income to report. If you’ve bought and sold on Robinhood or Coinbase – especially selling, which is a taxable event – TurboTax Premium is probably the version for you. This makes it easier to report these transactions, even if they are numerous; the software can import thousands of trades directly from brokers.
Likewise, if you own your home and rent a spare room, this version will help you report your income and locate common deductions that can save you hundreds or even thousands of dollars.
Like all TurboTax software, Premium aims to provide customers with the greatest tax relief possible. TurboTax Premium searches over 450 tax deductions and credits to find qualifying tax breaks.
TurboTax Premium is also available through the TurboTax website. You don’t have to pay for the tax software until you file your return.
TurboTax Premium, $119 (was $129)
TurboTax Premium can be upgraded to TurboTax Live Premium. Upgrading gives you access to unlimited tax advice and a final expert review.
TurboTax Live Premium, $209 (was $219)
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