TurboTax Online Tax Filing System

by Anna Rose Blogger

Being a taxpayer, you might have experienced the final minute rush to file your taxes in the IRS. However difficult it may be, tax payment is a must for the government. Failing to file them or pay them on time may incur your penalties and unwanted charges. You might have missed out on payment or filing due to various reasons. But the foremost reason is that paper filing is tedious and a mind-bending process. It requires lot of paperwork and you might not have the luxury of hiring an accountant to look after it. Being a simple office goer and an ordinary family person, how can you manage your family and life along with the yearly tax filing duty? Don’t worry! One of the best ways to file your taxes is through an online tax filing system.

Benefits Of Online Tax Filing

One of the key benefits of online filing is that you can do it early from the comfort of your home. Many people rush to pay their taxes only at the last minute. You can avoid these with a simple online system. The IRS also suggests people to file their taxes early so that if there are any dues, they can pay it till the deadline and do not incur fines or charges. Many people opt for extension for their filing and this can be easily avoided if you go for online filing.

The next benefit is that online filings are easy and cost effective. Instead of spending a lot of money to an accountant, you can easily get the help of experts through online filing for a far less money. You just have to choose one of their packages that is suitable for your income. Now you may be wondering which online service to opt for. TurboTax is a leading online tax filing platform where you can file on your own as well as file with an expert too. But how much does TurboTax cost? Let us find out.

How Much Does TurboTax Cost?

There is a free edition which allows you to file 1040 without any charges or cost. It is known as the TurboTax Online Free Edition.

The Deluxe edition has few more features like more than 350 tax deductions and credits searches along with mortgage maximization and property tax deductions. All these for a cost of $60.

The Premier edition costs about $90 and provides everything from deluxe along with stocks, bonds, ESPPs and other investments coverage.

There is a Self-employed edition for $120 which gives everything in the premier along with guidance for freelancers, contractors and small business owners.

These are the costs you will be incurring for filing your taxes online with the best service provider in the market.