TurboTax Free Edition (and TurboTax Live Basic) are intended for
taxpayers with very simple returns that can fit on the new 1040 form without
any schedules.
If we detect that your tax situation requires expanded coverage,
like deductions for owning a home or self-employment income, we'll prompt you
to upgrade to a version that supports the forms you need so we can maximize
your tax deductions and ensure you file an accurate return.
Depending on what your tax situation was last year, you might
need to use new tax forms to claim the same deductions, credits, or forms of
income. Some of the situations that are now in TurboTax Deluxe and
TurboTax Live Deluxe, instead of in Free Edition, include:
·
Student loan interest deduction
·
Retirement savings contribution credit for 401(k) and IRA
contributions
·
Education credits
·
Child & dependent care credit
Go here for more info on which forms are included in
TurboTax Free Edition.
Related
Information:
·
Is TurboTax Free Edition right for me?
·
Can I downgrade to a lower-priced version of TurboTax Online?
·
What are the IRS tax form changes?
·
What are the new schedules?