You can file with TurboTax Free Edition if you have what is considered to be a simple tax return. A simple tax return is Form 1040 only, without schedules 1,2, or 3. Simple tax 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
Situations not covered in TurboTax Free Edition include:
- 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
**If you have any specific questions regarding limitations feel free to ask.
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