It depends on how much your AGI was, and if you have any complications such as rental properties, or 1099-B from Stocks/Bonds etc. It also matters if you are claiming the standard deduction, or itemizing. The free addition has limitations and is meant for people that have simple tax returns.
Covered:
- W-2 income
- Limited interest and dividend income reported on a 1099-INT or 1099-DIV
- Claiming the standard deduction
- Earned Income Tax Credit (EIC)
- Child tax credits
Not Covered:
- Itemized deductions
- Business or 1099-MISC income
- Stock sales
- Rental property income
- Credits, deductions and income reported on schedules 1-6, such as the Student Loan
Interest Deduction
I personally pay the $50-$75 price tag for Turbo Tax Deluxe every year for the last 10+ years. I get it when it is on sale at Amazon so I can download a digital copy and I have it locally. It always comes with 5 free federal e-files, and 1 State download + e-file. It is worth every penny to me and once in a great while I may have a friend that needs a federal e-file so I can help out. It can handle 1099-Bs from stock sales which show gains/loses for the year, 1099-INT/DIVs, Education credits, Child care credits, Home buyer repayment form, and more. It is not meant for small businesses or rental properties but it has everything else.
