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At this point, I became a sole proprietor, and the added income and expenses meant that I needed more functionality than the edition of TurboTax that I had been using. My needs shifted because I started freelancing and bringing in extra income on top of my full-time job.
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In 2013 the way that I used TurboTax changed. This edition costs $19.99 (but by using our special promo, you can save 15% on the regular price), and has been easy to use at every life stage, from my young 20s to married life with joint filling and beyond. For years, I used TurboTax Deluxe, the online version that allows you to report income and claim common deductions, like medical expenses, donations, and more.
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Since then, I’ve happily stuck with TurboTax.
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#Turbotax versions software#
While I have used another income tax software provider in the past, the experience was less than stellar and resulted in me narrowly avoiding committing tax fraud after misreading the online filing instructions. TurboTax makes it easy to claim COVID-19 relief (including CERB, CRB, CESB, etc.) and also to take advantage of the work-from-home tax credit.
#Turbotax versions professional#
You can file your income tax return with TurboTax including and have it reviewed by a tax professional online, eliminating the safety risk of visiting a local branch It’s more affordable than a tax professional, who can cost upwards of several hundred dollars.TurboTax offers the chance to have your return reviewed by a tax expert, so if you aren’t sure about something, you can get it double-checked.TurboTax can import your information from your CRA MyAccount, so you don’t need to track down T4s or government benefit statements.Your TurboTax account saves information from the previous year, like Home Buyer’s Plan contributions.The deduction section is updated every year and checks for over 400 deductions using a series of straight-forward questions.Filing returns for your whole household in one session are easy.The variety of software options means you only pay for the features you need.You can track your refund in real-time while you add in things like T4s and RRSP contributions.Even as my financial life has changed and gotten more complicated, I’ve stuck with TurboTax because it’s got features that make filing my taxes easy: Today I use the TurboTax Self-Employed online software, but I’ve tried out various versions including Free and Standard. The Version of TurboTax That I Use (And Why) I’ve used TurboTax almost every year, and I couldn’t be happier. I’ve filed my income tax return online since I was a student in my early 20s, and every year I’m asked by family and friends about which income tax software to use. With tax season just around the corner, it’s time to start thinking about getting organized and filing your income tax return.
#Turbotax versions plus#
This article covers why I use and recommend the tax return online version of TurboTax, plus all other versions from TurboTax Basic to TurboTax Home & Business. TurboTax is one of the top income tax software programs in Canada. For complete and current information on any advertiser product, please visit their Web site. Advertisers are not responsible for the contents of this site including any editorials or reviews that may appear on this site.