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Wani
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Accepted Solutions
EbonyA
Intuit Alumni

Free offer limitations

You can file with TurboTax Free Edition if you have what is considered to be a simple tax return. A simple tax return is Form 1040 only, without schedules 1,2, or 3. Simple tax 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

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

**If you have any specific questions regarding limitations feel free to ask.

 

 

 

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
EbonyA
Intuit Alumni

Free offer limitations

You can file with TurboTax Free Edition if you have what is considered to be a simple tax return. A simple tax return is Form 1040 only, without schedules 1,2, or 3. Simple tax 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

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

**If you have any specific questions regarding limitations feel free to ask.

 

 

 

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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