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Deductions & credits
If you are taking the standard deduction you may qualify to use TurboTax Free Edition (online software) or TurboTax Basic (CD/download software). Please view the details of both options below.
1. TurboTax Free Edition: is an online-only product that supports simple tax returns that can be filed on Form 1040 without any attached schedules.
Simple tax situations covered in TurboTax Free Edition:
- 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
2. TurboTax Basic link:
June 5, 2019
11:44 PM