There are other requirements besides the amount you make. You can file with TurboTax Free Edition if you have a simple tax return.
A simple tax return is Form 1040 only OR Form 1040 + Unemployment Income. Situations covered in TurboTax Free Edition include:
- 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
- Unemployment income reported on a 1099-G
Situations not covered in TurboTax Free
Edition include:
- Itemized deductions
- Business or 1099-NEC income
- Stock sales
- Rental property income
- Credits, deductions and income reported on schedules 1-3, such as the Student Loan
Interest Deduction
How does TurboTax make any money?
Customers with more complex tax situations will file with our other TurboTax products that provide all the right forms and guidance they need. We also offer additional benefits that go beyond filing your taxes, but they are completely optional and are not required to file your taxes for free. Many of our customers value additional features like:
- One-on-one help for answers, on demand with a TurboTax specialist
With TurboTax Free Edition, the power to file for free is
all yours!
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