Oliver S. Berryhill Blogs

Oliver S. Berryhill Blogs 1

We review the latest version of TurboTax for taxes yr 2017. We go through the five variations of TurboTax, the cost, and special discounts. I’ve used TurboTax to file my taxes for the past several years. As a freelancer with each day job, my fees are more complicated than most. But I’m still able to document them on my own with Intuit’s software. It adds some very nice new features each year, and it’s always available in multiple versions, each with its own price. Using the step-by-step software, it’s easy to file your fees without missing anything.

This year hasn’t brought tons of new features to the already full-featured TurboTax software. Two years ago, the company rolled on an application that allows users to file on a smartphone or tablet. In addition they added an inexpensive Care Act module to let you easily file your up-to-date health insurance information. As with last year, this year’s new feature is truly a new option: TurboTaxLive. This is actually the most expensive version of the program for tax calendar year 2017. Nonetheless it comes with a sponsor of new features.

We’ll discuss those in the breakdown below. Other than that, the user interface has been updated, every year as is typical with TurboTax. As well as the My Analysis and Advice tool continues to be available. This tool gives you individualized tips on how to save money on your 2018 taxes. As always, you can depend on TurboTax to include the latest tax laws and information.

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They are constantly updating the software to remain on top of the latest changes. That way, you’ll know you’re filing your fees properly. Much like most tax services, TurboTax includes several different degrees of service, depending on your needs. Some fees are more complex to document than others, so you’ll pay more for these services.

Not sure what you need? Your fees have to be quite simple to be eligible for this level with TurboTax, but it’s an excellent deal. Obviously, this is basic. However, if these skills are fulfilled by you, this product covers everything you need. This year, you may use the AbsoluteZero edition to apply for a few basic credits and deductions.

This includes the Earned TAX Credit (EITC), child and reliant care credits, and child taxes credit. This is the most typical option for TurboTax customers. If you don’t meet the skills for the Absolute Zero deal, chances are likely you’ll fall into this category. Besides basic forms, this program includes Schedule A which allows you to apply for various deductions and credits.

This includes the mortgage and property taxes deductions. Deluxe is built primarily for homeowners. When you have a reasonably streamlined business or side income as a freelancer, Deluxe may do the job. You are given by it access to Schedule C, Schedule C-EZ, and Schedule SE. They are the forms for loss or profit from your business and the self-employment tax.