Do I need to buy a new TurboTax program every year?
Yes. Because TurboTax is built for a specific tax year, you'll need TurboTax 2016 to file your 2016 tax return. There is no way to update your TurboTax 2015 (or earlier) software to handle the 2016 tax law requirements.
Tax laws change, tax forms get updated, and new forms are created – especially lately, with the Affordable Care Act requirements.
We also work hard to improve TurboTax so that your 2016 tax preparation experience is better and even easier than last year's.
Welcome back! And thanks for choosing TurboTax.