The 2016 Desktop
software (CD/Download) can be purchased from TurboTax at the
following link :
https://turbotax.intuit.com/personal-taxes/cd-download/
For 2016, all the downloaded programs will handle all tax forms.
Basic doesn’t include a
state program (it is an extra cost) however the Deluxe version or better does
include one state program.
You can efile up to 5
federal returns for free however there is an extra cost to efile each state
return (mailing them is free).
--------------------
The 2016 Online version
can be purchased here:
https://turbotax.intuit.com/personal-taxes/online/
Make sure to purchase the
correct program since the Online program has limitations. Here is a short
list of some common tax situations and the online products that now uniquely
support them:
·
Itemized Deductions (Schedule A/1040)- Deluxe, Premier,
and Home & Business (now called Self Employed)
·
Capital Gains or Losses (Schedule D) - Premier and Home
& Business (now called Self Employed)
·
Rental Income (Schedule E) - Premier and Home
& Business (now called Self
Employed)
·
Net Profit from Business (Schedule C-EZ) with NO Expenses to declare
- Deluxe, Premier,
and Home & Business
(now called Self Employed)
·
Profit or Loss from Business (Schedule C) - Home
& Business (now called
Self Employed)
The online program only
completes one return per user ID and the state program is an added cost however
you can efile the federal and state returns for free.
The
Free Edition only prepares a 1040A or 1040EZ. The FREE
version does not handle a Form 1040, or Schedules A (itemized deductions),
C (business), D (investment income), E (rental/royalties), or F (farm) so
when you reach a point where an upgrade is needed you are made will aware of
this situation and you have to upgrade at that point.
Here is a list of the forms the FREE version can prepare:
https://turbotax.intuit.com/personal-taxes/online/free-edition.jsp (click on the "tax forms" tab
link there)
An option for you (if you qualify) might be the FREEDOM Edition.. It will prepare
both free Federal and in 23 states, a Free State return (the other states were
14.99 last year). It can handle all the typical forms and
schedules; in fact, it is more fully-featured than Deluxe.
The
Freedom Edition is more fully-featured than the regular Free Edition. The
Freedom Edition can prepare Schedule A, C, D, E, and F that the Free Edition
cannot. It will prepare a Form 1040 or 1040A or 1040EZ.
A user needs to meet only ONE of these qualifications:
·
AGI of $33,000 or less
·
or active duty military (including Reservists and National Guard) with a
military-issued W-2 and a 2016 family AGI of $64,000 or less
·
or eligible for EIC (Earned Income Credit.)
The FREEDOM Edition is located at:
https://turbotax.intuit.com/taxfreedom
How to switch and start over (requires new account at the Freedom website)
https://ttlc.intuit.com/questions/2026912-how-do-i-switch-to-turbotax-freedom-edition
