What Does Turbo Tax Really Cost?

Posted by on February 25, 2016 · Leave a Comment 

If you want to fill out your taxes efficiently, you may be looking for a low cost option. Many people prefer to fill out taxes online if their finances are simple and they have received all of their income forms. Turbo Tax is one of the most popular online methods for filing taxes. Each year, you will see commercials about how easy and cheap it is. Find out the real costs of filing through Turbo Tax.TurboTaxPic

Personal Tax Cost

Filing a federal tax return with turbo tax is mostly quick and easy. It guides you through all the questions on a federal tax form and even helps you pick out the correct form. Filling out a 1040EZ or 1040A form will be easy and free to file through Turbo Tax. If you want to go with the deluxe edition that helps to figure out your write offs, it will cost $34.99 to file federal taxes.

Business Costs

Business owners will pay more than everyone else due to the complexity of their income taxes. The cost for business owners is $74.99 for the Turbo Tax software and filing a federal return. If you are self-employed, you may wish to go through the personal Turbo Tax rather than business option if your tax situation allows it.

State Tax Return

The one place where everyone will receive a cost is with the state returns. State returns cost $19.99 for Turbo Tax customers, including those who filed their federal forms for free. Be sure to look for other methods for state returns if you are looking for free options.

Image credit: Mike Mozart

Filed under Tax Software · Tagged with

About adminjian

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!

  • Huddleston Tax CPAs / Huddleston Tax CPAs – Bothell
    Certified Public Accountants Focused on Small Business
    19125 N Creek Parkway #120 / Bothell, WA 98011
    425-242-3836

    Huddleston Tax CPAs & accountants provide tax preparation, tax planning, business coaching,
    QuickBooks consulting, bookkeeping, payroll, offer in compromise debt relief, and business valuation services for small business.

    We serve: Tukwila, SeaTac, Renton. We have a few meeting locations. Call to meet John C. Huddleston, J.D., LL.M., CPA, Lance Hulbert, CPA, Grace Lee-Choi, CPA, Jennifer Zhou, CPA, or Jessica Chisholm, CPA. Member WSCPA.