TurboTax Free Edition Online Review - why 3.9 stars?

Shlomi Lavi / updated: Aug 16, 2022

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What is TurboTax Free Edition Online?

Turbo Tax is a cloud-based tax filing system for small, medium, and large-sized organizations. Users can also file their taxes directly using Turbo Tax. Turbo Tax allows you to file various taxes including, W-2 income, Limited interest and dividend income reported on a 1099-INT or 1099-DIV, IRS standard deduction, Earned Income Tax Credit (EIC), Child tax credits, and Student loan interest deduction.

You can integrate TurboTax with other products offered by Intuit such as QuickBooks and credit karma. TurboTax has an interactive user interface with support for Desktop, Android, and iOS support. The users can even get their data from the cloud version into their Desktop version for tax filing.

Who is it best for?

TurboTax Free Edition is perfect for individual users who are looking for help with their simple/1040EZ tax return. People who are looking for a way to simplify their tax return needs and efile them can try this software. You can find thousands of customer reviews in their official website.

Main features and functionalities

TurboTax Free Edition comes with automatic W-2 income data importing, tailor made solutions for unique situation, live expert answers, thousands of error checking, automatic info transfer and guaranteed maximum refund features. The software will offer you personalized tax return solutions after asking you some questions and will search for tax break that applies to you. It is also easy to import your 1099s and W-2s using this software.

If you are not sure where to start from, there are credentialed TurboTax experts online ready to help you with live expert answers. You can talk to them one on one by phone. All your files are double-checked for errors to make sure you do not miss anything when filing. Your last years tax info are transferred automatically to help you increase accuracy and save time. Other notable features are: 100% guaranteed accurate calculations, audit support guarantee and maximum refund guarantee.

What is the actual cost?

Unlike other taxation systems, there is only one pricing plan for Turbo Tax. The cost of Turbo Tax is around 170 dollars. This is a one-time price. Therefore, users do not need to pay any more costs once they have purchased the system. As compared to other taxation systems in the industry, the cost of TurboTax lies in the lower pricing range. Moreover, you do not need to pay any extra amount once you have purchased the system.

ITQlick pricing score is 5.6 out of 10 (10 is most expensive). Access ITQlick pricing guide for TurboTax Free Edition Online.

Pros

• It is ideal for all organizations regardless of size
• TurboTax is easy to understand
• TurboTax supports all situations including foreign income and stocks, etc.
• The tax software offers thousands of error checks feature to make sure your file is error-free
• The tax solution can transfer your tax info of last year automatically unlike other similar tools

Cons

• Customer support needs improvement
• There are cheaper options available in the market
• The live expert answer feature of TurboTax Free Edition requires additional charges
• The tax software doesn’t offer automatic calculation of cost basis feature for users
• The customer support of this tax solution doesn’t offer phone support for users

How it stacks up?

Access a head to head analysis of TurboTax Free Edition Online vs alternative software solutions.

Frequently Asked Questions (FAQs)

Is TurboTax Free Edition Online right for you or your business?

TurboTax is ideal for those organizations that have a fixed budget and want to spend one time only. The feature set offered by TurboTax is extensive. You can use it as a Desktop system as well as on your mobile devices.

With this being said, there are other tax management systems as well, which offer specific features for special use cases. Therefore, if you have specific needs you can opt for specific systems. Overall, TurboTax is not heavy on the pocket with enough features to fulfill your tax needs.