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Did you know there are something like 14 different versions of TurboTax? For starters, there’s Basic, Deluxe, Premier, and Home & Business. Then for each of those, there is an online web-based version and a downloadable desktop version. And each of the desktop versions has federal only or federal + state. Then there’s also the Business version. How do you know which one you need?
Well, if you want to get the best price, you can eliminate the online versions right off the bat. The online versions almost always cost more when you factor in the extra fees to e-file and do a state return. The desktop versions all include federal e-file and most include a state return.
If you’re filing a personal return, you can also eliminate the TurboTax Business version. That leaves just four versions to think about now: Basic, Deluxe, Premier, and Home & Business. I created a short video to go through each of these four versions and help you figure out which one you need based on your circumstances.
Breakdown of four versions of TurboTax
Now that you’ve seen the video, check out this comparison chart. This chart breaks down these four versions of TurboTax and also includes the prices for each of them with some of the major online merchants. I hope this will help you find the best version of TurboTax for your situation and help you find the best price at the same time.
I know this comparison chart is a little small, so just give it a click to get the full page version.
If you liked this video, you might want to check out our other videos as well. View them all here.
Nate Phillips has been using Quicken and TurboTax for over 20 years. He has spent part of that time as a Quicken beta tester, helping identify bugs and annoyances with Quicken updates before they are released. Nate holds a master’s degree in Computer Science and has numerous technology certifications.
2 thoughts on “How Do You Know Which Version of TurboTax You Need?”
I need a version which includes Schedule “F” to file for a small beef cattle farm. I spent $98.00 on the Home & Business version which I thought would include this….now I have to go out and buy another version that I can use. How hard would it be to add the word “Farm” on the box to simplify buying the right one. Ugh, now I’ve spent a hundred dollars on something I can’t use not to mention another large sum to buy the right version!!!! There’s got to be a better way. We have used Turbo Tax for the last 5 yrs and would like to continue using it. But I’m more than a little upset over this!!!
Schedule F is included in TurboTax Home & Business. It is also included in Deluxe and Premier.