TurboTax CD/Download products: Price includes tax preparation and printing of federal tax returns and free federal e-file of up to 5 federal tax returns. Additional fees apply for e-filing state returns ($25). E-file fees do not apply to New York state returns. Prices subject to change without notice. TurboTax Deluxe is recommended if: You own a home, have charitable donations to deduct, have high medical expenses, and only need to file a Federal Tax Return. TurboTax is tailored to your unique situation - it will search for the deductions and credits you deserve, so you’re confident you’ll get your maximum refund. Includes 5 federal e-files. Intuit - TurboTax Home & Business Federal + E-File + State 2020 (1-User) - Windows Digital Model: INT940800V550. Publisher: Intuit. Release Date: 11. TurboTax is the easy way to prepare your personal income taxes online. Try it for FREE and pay only when you file. TurboTax online makes filing taxes easy. E-file online with direct deposit to receive your tax refund the fastest. Choose easy and find the right product for you that meets your individual needs. TurboTax Self-Employed Online: $105.00 Wow, the prices are surprisingly similar! Factor in the time it takes to drive to the store plus the price of gas, and you really aren’t saving much buying TurboTax at Costco. State efile costs an extra $34.99 for both Costco and online.
How mush does TurboTax really cost? If you are considering using TurboTax to do your taxes this year, you should know what it’s going to cost.
First, even though they say it’s free, only people with simple taxes (such as 1040EZ) can file without paying. In fact, in addition to the cost of the software, you also have to pay a State filing fee.
Here’s all about the real cost of TurboTax:
TurboTax Cost: Online | LIVE | CD/Download | State Cost | Refund Processing Fee?
TurboTax ONLINE Cost:
The most popular way to file your taxes with TurboTax is online. This method does not require downloading software, and your info is all securely saved on the cloud. As you can see, the regular price comes down when you use a coupon.
Here is the cost of TurboTax Online:
- Deluxe: $59.99*
- Premier: $79.99*
- Self-Employed: $119.99*
There is also special TurboTax pricing available for students and members of the military / USAA, and your financial institution may also offer a discount.
*While there is n additional cost to prepare your state return, you must also pay a State filing fee for each state that you file in.
*Tip: As you can see, using a coupon code lower the price of TurboTax Online products! The best coupons are available early in the tax season.
TurboTax LIVE Cost:
If you would like assistance from a real, human CPA during the tax-filing process, then consider TurboTax Live. However, that personal assistance isn’t free, so the prices are higher than Online-only.
Here is the cost of TurboTax Live:
- Basic Live: $79.99*
- Deluxe Live: $119.99*
- Premier Live: $169.99*
- Self-Employed Live: $199.99*
*You’ll also need to add the State filing fee for each tax return. (See the cost of State file below)
*Tip: As you can see, using a coupon reduces the cost of TurboTax Live products!
TurboTax CD/Download Cost:
While TurboTax encourages you to do your taxes with their online products, CD and download are still available. If you don’t have dependable internet access, then download or buying at a store like Costco may be a good option.
Here is the regular price of TurboTax software download:
- Basic: $49.99
- Deluxe: $79.99
- Premier: $109.99
- Home & Business: $119.99
- Business: $169.99
As you can see, the cost of downloading turbotax software is more than the Online versions. However, if you are a member of discount clubs like Costco, you can get a better price on buying TurboTax in the box.
While we’ve covered the pricing for filing your Federal taxes with TurboTax, you’ll also want to account for your State e-file fee. Here is what filing your TurboTax State return costs:
State Cost / Filing Fee:
How much does TurboTax State cost? While there is no extra charge to prepare your state tax return with TurboTax, you will have to pay a state filing fee for each tax return that you e-file.
Here is the cost of filing each State return:
- State Fee if you use Deluxe, Premier, or Self Employed: $39.99
- State Fee if you use TurboTax Free Edition: $29.99
The state filing fee is the same for every state. Remember, if you have income from multiple states, you’ll need to pay a state fee for each state return that you file.
Can you avoid the state filing fee? While there are no coupons for TurboTax Sate file, you can avoid paying the State file fee if you file before March 15th!
*Related: New H&R Block costs
Tip: Don’t Pay the “Refund Processing Fee!”
Ok, here’s a big fee that you can avoid, so listen closely. Upon completion of their taxes, a lot of taxpayers are dazed and confused after hours of sifting through papers and crunching numbers.
Maybe that’s why Turbo Tax chooses this moment to ask you if you’d like to pay your TurboTax fees from your federal refund:
It sounds like a good idea, and very convenient to pay without having to enter a credit card, right?
No! It will cost you an unnecessary $39.99, and seems to have no value other than to save you the minute of time it would take to just enter your credit card info!
Conclusion:
While the cost of TurboTax doesn’t change throughout the tax season, the promotions and coupons do. You’ll save more early in the tax season when you can also file State returns for free; so don’t procrastinate!
Not sold on TurboTax? We also have coupons for H&R Block and TaxAct, which may allow you to file your taxes at a lower cost.
Do you think that TurboTax is too expensive? Here’s what people pay to file their own taxes.
Costco TurboTax vs. Online: If you’re a Costco member you are probably used to getting fabulous deals in bulk on just about everything.
Come tax season you also undoubtedly see the aisles of the store lined with boxes of tax software on CD including TurboTax Deluxe, Premier, and Self-Employed(aka Home & Business) So, is it better to buy TurboTax at Costco, or download it online? (with a coupon!)
In order to answer that question, let’s look at the differences between Costco and online download including features and prices:
TurboTax Pricing: Costco vs. Online Download
Before getting into differences in features and functionality, let’s look at the cost. In this case we compared the price of TurboTax at Costco with the discounted online price (after applying this coupon). Here is a price comparison TurboTax Deluxe, Premier, and Home & Business editions at Costco and online:
- TurboTax Deluxe at Costco: $59.99
- TurboTax Deluxe Online: (w/ coupon)$55.00
- TurboTax Premier at Costco: $87.99
- TurboTax Premier Online: $80.00
- TurboTax Self-Employed at Costco: $109.99
- TurboTax Self-Employed Online: $105.00
Wow, the prices are surprisingly similar! Factor in the time it takes to drive to the store plus the price of gas, and you really aren’t saving much buying TurboTax at Costco.
*State efile costs an extra $34.99 for both Costco and online. However, if you file your taxes before March 15th, you may be able to avoid this state fee by filing online.
Turbo Tax Premier Vs Deluxe
Usually Costco is the lowest price on just about everything, and their discount price on TurboTax usually rivals or beats the online price. Note that the pricing for TurboTax Costco and online change during the tax season. The best prices are early in the season, and as the April tax deadline approaches the prices go up!
Turbotax Customer Service
OK, should you buy TurboTax at Costco, or use the online version?
Why Buy TurboTax Online?
- Convenience: The main difference in my opinion is that TurboTax online offers more flexibility and convenience. Specifically, by being online-based, you have the ability to access your tax return from various computers and devices, or even your phone
- Peace of Mind: Online saves your work in the cloud. No need to worry about technical failure that might result in the loss of your progress or documents
- “Free Edition” Option – If you have simple taxes (1040EZ) you can file with their free edition online
- Online Coupon? There’s always a coupon or discount available online, and the best deals are early in the tax season. when you may be able to file State for free. You also might be eligible for a discount on TurboTax if you buy it through groups or financial institutions like AAA, AARP, Bank of America, or Chase bank.
OK, those are the best reasons to download TurboTax online. Now, let’s look at advantages of buying TurboTax software at Costco.
*Related: Did you know that TurboTax offers special discount editions for students and military?
Why Buy TurboTax at Costco?
- Multiple tax returns – The desktop version / CD allows you to file up to 5 federal efiles from one program. That is significant if you need to file multiple tax returns, and would make buying TurboTax at Costco cheaper if you have 2+ tax returns to file (Like parents filing returns for their kids)
- Forms Mode – The Costco / desktop version of TurboTax allows you to view the forms associated with your tax return as you are working on your taxes. This is more flexible compared to online, which is more of a linear process.
- Work offline – If you’re in an area without a secure internet connection, then you won’t be able to use the online version of TurboTax.
- TurboTax Costco coupon? You’ll have to check your local Costco store flyer or warehouse savings for potential discounts on individual products
*Related: Discount Nutrisystem Gift Cards at Costco?
In conclusion
Think of the two platforms of TurboTax online and desktop as being entirely separate. In other words, while you can decide to use online one year and desktop the next, the two don’t work together in a single tax year. (Using desktop this year? Here’s how to access data from web version)
The price difference seems to be negligible between the two, with both Costco TurboTax and online offering a better price and coupons early in the tax season.
I’ll sum up the differences as saying that the online version offers convenience, while the desktop version has some more functionality, and might be preferable to those filing multiple tax returns.
Personally I like the convenience of filing online as my laptop has a lot of miles on it, and it would make me nervous to depend on it for something as important as my tax return.
Tip: Not sold on buying TurboTax at Costco? We also have coupons for H&R Block, Quickbooks, and TaxAct!
Turbo Tax Cost 2018
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