Overview

TurboTax is a tax preparation firm based in Mountain View, CA. The company, which was founded in 1997, helps individuals with tax preparation and filing services.

What does TurboTax charge for filing a tax return?

The price of services can vary widely depending on the type of services you require. To help you compare prices we have categorized tax preparation services into three tiers: basic, standard, and premium. 

Federal tax returns

• TurboTax does not charge for filing a basic federal tax return. Yes, it's free.
• TurboTax charges $54.99 for a standard tax return.
• TurboTax charges $114.99 for a premium tax return.

State tax returns

TurboTax charges $39.99 for filing a state tax return.

What type of taxes can TurboTax handle?

If all you need is help with a basic tax return, you can choose from a wide selection of free online products. However, not all tax preparation software products are designed for complex tax issues. For instance, business owners and self-employed taxpayers will typically need more sophisticated tax preparation software that can process additional tax forms and tackle more deductions and credits.

TurboTax can handle the following special tax scenarios:

• Business owners and self-employed taxpayers
• Estates, trusts, and retirement accounts
• Tax returns with investment and rental property
• Property taxes

What additional benefits does TurboTax offer?

As well as offering federal tax filing and preparation servcies, TurboTax also offers the following benefits:

• Audit support
• Automatic error detection 
• e-File included
• State tax returns included
• Tax deduction finder

Note that you will typically pay a premium for these additional benefits and you may not need them all. Consider the services you or your business require before choosing a tax preparation firm.