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amcarian
New Member

Last year I was able to file a 1040-EZ with student loan interest for free. This year TurboTax is charging $40 for this service AND an extra $40 to file State taxes in NM. Anyone else having this issu

e?
2 Replies
xmasbaby0
Level 15

Last year I was able to file a 1040-EZ with student loan interest for free. This year TurboTax is charging $40 for this service AND an extra $40 to file State taxes in NM. Anyone else having this issu

Everyone is having this issue with student loan interest, because entering it now requires you to use one of the new "Schedules" that are a result of the new tax laws and the new tax forms.

WHY DO I HAVE TO PAY?  I WANT THE FREE EDITION

The information that you can enter in Free Edition is pretty limited now.  Thanks to the new tax laws, there are no more simple Form 1040EZ or 1040A's.  Everything goes on a little “postcard-size” Form 1040 that has six extra "schedules" with it, and if you need any of those schedules, you are not able to use the Free Edition.  

https://www.irs.gov/forms-pubs/about-form-1040  

If  you qualify to use it, there is another free version of the software:

Try Free File: 

You qualify if your income was $34,000 or less, or $66,000 or less if active duty military, or if you qualify for Earned Income Credit

https://ttlc.intuit.com/questions/1900583-what-is-turbotax-free-file-program


Note:  If you do not qualify to use Free File then you will have to upgrade to Deluxe or higher in the paid versions of the software.    Online Deluxe $39.99  State software $39.99 

 If you choose “refund processing” to have fees deducted from federal refund, add another $39.99  ($44.99 in CA)


Or did you add a feature that you want to remove?

https://ttlc.intuit.com/questions/1899480-why-am-i-being-charged-for-turbotax-free-edition


**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
pcola007
New Member

Last year I was able to file a 1040-EZ with student loan interest for free. This year TurboTax is charging $40 for this service AND an extra $40 to file State taxes in NM. Anyone else having this issu

Turbo tax is a rip off.  I filled my student Loan interest from 1098-e, which did not increase my refund at all.   Turbo Tax charged me $40 for submitting the form even though I got no additional refund.  I'm only getting $700 back and Turbo tax is taking $80 .  Its my fault for not realizing how turbo tax cheats tax payers until after I had submitted my taxes  Afterwards  I experimented on other websites and  they  charged nothing for filing with student loan interst.   CK   charges $0.   Do your research.   

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