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Anonymous
Not applicable

I am filing turbo tax free using the standard deduction. It is asking to upgrade Do I need schedule 3 if filing standard deduction?

 
3 Replies
DianeC958
Expert Alumni

I am filing turbo tax free using the standard deduction. It is asking to upgrade Do I need schedule 3 if filing standard deduction?

You may need Schedule 3 if you are claiming any of these nonrefundable credits

  • Foreign tax credit. Attach Form 1116 if required
  • Credit for child and dependent care expenses. Attach Form 2441
  • Education credits from Form 8863, line 19
  • Retirement savings contributions credit. Attach Form 8880
  • Residential energy credits. Attach Form 5695

Or if you have any of these other payments and refundable 

 

  • 2019 estimated tax payments and amount applied from 2018 return
  • Net premium tax credit. Attach Form 8962
  • Amount paid with request for extension to file
  • Excess social security and tier 1 RRTA tax withheld
  • Credit for federal tax on fuels. Attach Form 4136 

Link to Schedule 3 form

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Anonymous
Not applicable

I am filing turbo tax free using the standard deduction. It is asking to upgrade Do I need schedule 3 if filing standard deduction?

Considering that we have chosen to file estimated taxes each year rather than allowing the automatic deduction.  We would be faced with the situation each year of having to upgrade our Turbotax to the premier level for a cost of $80.00.  For that amount I can have my tax preparer who has done our taxes for 25 years continue to do our tax returns.

JotikaT2
Employee Tax Expert

I am filing turbo tax free using the standard deduction. It is asking to upgrade Do I need schedule 3 if filing standard deduction?

Form 1040-ES or Estimated tax payments, can be made from the Free Edition program.  

 

Attached is a link to the forms included in each level of the software:

 

TurboTax forms by product

 

Schedule 3 is required if any of the credits mentioned by DianeC958 above apply. 

This Schedule pulls from other forms needed to process your return based upon the information you enter into the program.

 

The upgrade is there to ensure you are able to claim the credits you are entitled to on your tax return. 

If you do not need the forms, you do not need to upgrade.

 

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