KatrinaB
Intuit Alumni

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:

https://turbotax.intuit.com/personal-taxes/cd-download/

View solution in original post