I understand the pricing for the CD/Download product and it is very clear on the TurboTax website. It clearly states what you get for the cost of the product. However, this is not the case with the online product and I am still a little unclear as to what is included in the price. Here is my understanding of the online pricing:
1. Current Premier online price is $70. This is for completing and filing one federal return only.
2. There is an additional cost of $40 to complete and e-file of a state return. So my total cost to complete and e-file my state and federal tax return using the online product is $110.
3. The above compares to a total cost $120 for completing and e-filing one federal and one state tax return using the CD/Download Premier product. ($100 Federal and State CD and $20 to e-file the state)
4. If one were going to prepare and e-file two federal and two different state returns, then the Premier online cost would be $220 (70+70+40+40).
5. Using the Premier CD/Download the cost to complete and e-file two federal and two different state returns would be $180 (100 for the CD + 40 to download one state + 40 to e-file two state returns).
Is my understanding of the pricing correct?
