Tax season is upon us, and staying informed about tax reform changes is crucial to ensure accurate filings and maximize your tax savings. At Instant Global News, we aim to be your trusted resource for all your tax-related questions and concerns. In this comprehensive guide, we will provide you with an overview of the latest tax reform changes, discuss TurboTax’s online guarantees, and highlight important pricing information. So let’s dive in and make tax season a breeze!
TurboTax Online Guarantees
When it comes to filing your taxes online, TurboTax has got you covered with their comprehensive guarantees. Here’s a breakdown of their guarantees for individual and business returns:
Individual Returns
- 100% Accurate Calculations Guarantee: If you encounter an IRS or state penalty or interest due to a TurboTax calculation error, TurboTax will pay the penalty and interest for you. This guarantee is valid for the lifetime of your personal tax return, which is seven years from the date you filed it with TurboTax.
- Maximum Refund Guarantee / Maximum Tax Savings Guarantee: If you find that another tax preparation method results in a larger refund or smaller tax due when you file an amended return, TurboTax will refund the applicable federal and/or state purchase price you paid. This guarantee is also valid for the lifetime of your personal tax return.
- Audit Support Guarantee: If you receive an audit letter from the IRS or State Department of Revenue based on your TurboTax individual tax return, TurboTax will provide one-on-one question-and-answer support with a tax professional. If they are unable to connect you with a tax professional, they will refund the applicable federal and/or state purchase price you paid.
- Satisfaction Guaranteed: You can use TurboTax Online without charge until you decide to print or electronically file your tax return.
Business Returns
- 100% Accurate Calculations Guarantee: If you face an IRS or state penalty or interest due to a TurboTax calculation error, TurboTax will pay the penalty and interest for you. However, you are responsible for paying any additional tax liability you may owe.
- TurboTax Audit Support Guarantee: If you receive an audit letter from the IRS or State Department of Revenue regarding your TurboTax business return, TurboTax will provide one-on-one question-and-answer support. If they are unable to connect you with a tax professional, they will refund the applicable business purchase price you paid.
TurboTax Online/Mobile Pricing
TurboTax offers flexible pricing options based on your tax situation. Here are a few key points to consider:
- Start for Free/Pay When You File: TurboTax online and mobile pricing is tailored to your specific tax situation and varies by product. You can start using the tax preparation features without paying upfront and pay only when you’re ready to file.
- TurboTax Free Edition: TurboTax offers a Free Edition for those filing Form 1040 and limited credits. Approximately 37% of taxpayers qualify for this option.
- TurboTax Live Assisted Basic Offer: This offer is available with TurboTax Live Assisted Basic for those filing Form 1040 and limited credits. You must file between November 29, 2023, and March 31, 2024, to be eligible for the offer.
- Full Service $100 Back Offer: This offer applies to federal filing fees for TurboTax Full Service. Excludes TurboTax Live Full Service Business.
- TurboTax Full Service – Forms-Based Pricing: The pricing for TurboTax Full Service starts at a base price for one federal return, including one W-2 and one Form 1040. The final price may vary based on your tax situation and the forms used or included in your return.
TurboTax Online/Mobile
TurboTax offers convenient online and mobile options with several notable features:
- Anytime, Anywhere: TurboTax can be accessed online anytime and anywhere, with internet access required.
- Fastest Refund Possible: TurboTax aims to provide the fastest tax refund with e-file and direct deposit, with most refunds issued in less than 21 days.
- Get Your Tax Refund up to 5 Days Early: TurboTax offers the option to receive your tax refund up to 5 days early when you choose to have it direct deposited with Credit Karma Money™.
- Pay for TurboTax out of Your Refund: You can choose to pay for TurboTax using your federal or state refund, subject to eligibility requirements.
- TurboTax Help and Support: TurboTax provides access to product specialists who can offer general customer help and support. Additional options are available with certain TurboTax versions.
- Tax Advice, Expert Review, and TurboTax Live: TurboTax offers access to tax advice, expert review, and TurboTax Live for personalized assistance with your return. Availability and services may vary based on the TurboTax version you choose.
- TurboTax Live Full Service: TurboTax Live Full Service offers a comprehensive tax preparation experience, where a tax expert will handle your return from start to finish.
FAQs
Q: Can TurboTax help me with my business tax returns?
A: Absolutely! TurboTax offers support for business tax returns, including their 100% Accurate Calculations Guarantee and Audit Support Guarantee for business returns.
Q: Are there any discounts or promotions available for TurboTax?
A: TurboTax often offers special discounts and promotions. Be sure to check their website or contact their customer support for the latest deals.
Q: What if I’m not satisfied with TurboTax?
A: TurboTax offers a Satisfaction Guarantee, allowing you to use their services without charge until you decide to print or electronically file your tax return. If you’re not completely satisfied, you can request a refund within 60 days of purchase.
Conclusion
Navigating tax reform changes can be a complex task, but with TurboTax as your trusted tax partner, you can file your taxes confidently and accurately. Remember to take advantage of TurboTax’s guarantees and comprehensive support to ensure a smooth tax-filing experience. For more information and to start your tax journey, visit Instant Global News.