Get your taxes done using TurboTax

@bhodgson428  wrote:  "how does turbo tax get away with charging $122.00 for a simple return (2 w2s, Bank account interest, and a small Pension payment of $200.00"

 

Did you start in Free Edition and entered something that made you upgrade to Deluxe?   If you don't have anything that requires Deluxe, you "might" be able to downgrade to use Free Edition.    Was your bank interest less than $1500 (more than that requires Schedule B, which is not in Free Edition.) ?   See the additional criteria below. 

       If you think you can use Free Edition, then see this FAQ on how to downgrade:

https://ttlc.intuit.com/turbotax-support/en-us/help-article/change-service-level/downgrade-lower-pri...

 

Free Edition for simple tax returns:

 

Examples of situations included in a simple Form 1040 return (assuming no added tax complexity):

  • W-2 income
  • Interest, dividends or original issue discounts (1099-INT/1099-DIV/1099-OID) that don’t require filing a Schedule B
  • IRS standard deduction
  • Earned Income Tax Credit (EITC)
  • Child Tax Credit (CTC)
  • Student loan interest deduction
  • Taxable qualified retirement plan distributions

Examples of situations not included in a simple Form 1040 return:

  • Itemized deductions claimed on Schedule A, like charitable contributions, medical expenses, mortgage interest and state and local tax deductions
  • Unemployment income reported on a 1099-G
  • Business or 1099-NEC income (often reported by those who are self-employed, gig workers or freelancers)
  • Stock sales (including crypto investments)
  • Income from rental property or property sales
  • Credits, deductions and income reported on other forms or schedules