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 I. TurboTax Basic:
- Income by W-2, 1099, social security, or alimony.
- You live in a rented residence
- Few deductions and no charity deductions
- NO investments (stocks, mutual funds, bonds)
Special Features:
- Fastest Refund Possible. - E-file with minimum 10days return with IRS receipt confirmation
- Prior Year Data Import – If you used 2006 Turbo Tax Quicken, and Microsoft Money
- Final Review/Double check — Double checks your return for accuracy
- Electronically retrieves W-2 wage, and 1099 investment data for hundreds of participating employers, and financial institutions
Get TurboTax
Basic Here
II. TurboTax Deluxe:
- Own or Sold home in 2006
- Don’t own your own business (or file a Schedule C)
- Made charitable contributions in 2006.
- Many medical expenses and education expenses in 2006.
- Don’t sell investments (stocks, bonds, mutual funds).
- Don't own rental property.
Additional Features over (including special features):
- Deduction Maximizer Center
- Shows all deductions
- Helps you accurately value items commonly donated to charity
- Tracks and shows how much you've saved in deductions
- Audit Alerts – Flags items the IRS might question
Get TurboTax Deluxe
Here
III. TurboTax Premier:
- Own rental property
- Sold investments (stocks, bonds, mutual funds) or options from an employee stock plan,
- K-1 recipient from partnership in a business or estate/trust beneficiary
- Don’t own your own business or file Schedule C
- Don’t receive self-employment income (free lance work, contracting, or consulting)
Everything in plus:
- Guidance for Investors (capital gains and losses, 401K)
- Rental property/Landlords- maximize detailed rental property deductions
- Refinancing Expert – refinance related deductions (points, related fees, etc.)
- Guides you through Depreciation for Rental Property
Get TurboTax
Premier Here
IV. TurboTax Home & Business:
- Sole proprietor (you file a Schedule C, one owner)
- Income form another business (not incorporated)
- Side Job income (Mary Kay, Avon, etc.)
- Self-employment income (contract, freelance, consulting work)
- You have multiple sole proprietor businesses.
- Need to prepare W-2 or 1099-MISC forms for employees and contractors
- You do not file separate returns for your business and personal income taxes.
- NOT an S corporation, a partnership or limited liability company (LLC) with more than one member, a C corporation, or an estate or trust.
Note: If you are incorporated or a partnership/LLC or an LLC with more than one member, you'll need to use to do your business return, plus one of our personal products. When you use TurboTax Business, you must also file a personal tax return.
Everything in TurboTax Premier plus…
- In-Depth Business Deduction Interview – deductions for home office, vehicles, supplies, advertising, etc.
- Deduction Maximizer Center – 350 deductions to qualify for
- Enter all business expenses quickly and easily
- Final Review/Double check
- Industry Specific deductions!
- Depreciation Expert for Business- step by step guidance
- Special attention to new business deductions
- TurboTax Live Community: A live interactive forum to ask tax related questions and useful tips./li>
- Latest Tax forms: Easily prepares the necessary forms for employees and contractors (W-2 and 1099-MISC forms).
- Audit alerts for business and personal: Flags deductions and tax situations that may trigger an IRS audit.
- Calculations guaranteed 100% accurate
Get TurboTax Home & Business Here
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