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cole-ryanw
New Member

Is the Deluxe the lowest cost option that I can choose if I am taking the standard deduction. I am using that to itemize but the standard deduction seems the best route.

 
1 Best answer

Accepted Solutions
KatrinaB
Intuit Alumni

Is the Deluxe the lowest cost option that I can choose if I am taking the standard deduction. I am using that to itemize but the standard deduction seems the best route.

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

1 Reply
KatrinaB
Intuit Alumni

Is the Deluxe the lowest cost option that I can choose if I am taking the standard deduction. I am using that to itemize but the standard deduction seems the best route.

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/

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