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Deductions & credits
"Simple" return means a return that requires only a Form 1040 and none of the extra schedules.
*A simple tax return is Form 1040 only.
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
 - Student Loan Interest deduction
 
Situations not covered in TurboTax Free Edition include:
- Itemized deductions
 - Unemployment income reported on a 1099-G
 - Business or 1099-NEC income
 - Stock sales
 - Rental property income
 - Credits, deductions and income reported on schedules 1-3
 
	**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
			
			
			
			
			
			
			
		
			
    
	
		
		
		‎February 11, 2022
	
		
		6:40 AM