A simple tax return is Form 1040 only OR Form 1040 + Unemployment Income. 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
-
Unemployment income reported on a 1099-G
Situations not covered in TurboTax FreeEdition include:
-
Itemized deductions
-
Business or 1099-NEC income
-
Stock sales
-
Rental property income
-
Credits, deductions and income reported on schedules 1-3, such as the Student LoanInterest Deduction