Maximizing Your Tax Returns- Discover How Many Returns You Can Prepare with TurboTax

How Many Returns Can I Prepare with TurboTax?

When it comes to preparing tax returns, TurboTax is one of the most popular and user-friendly options available. But how many returns can you actually prepare using this software? The answer depends on several factors, including the version of TurboTax you choose and the number of different tax situations you have.

Basic Versions of TurboTax

The basic versions of TurboTax, such as TurboTax Free Edition, offer limited functionality and are designed for individuals with simple tax situations. These versions are generally intended for taxpayers who only need to file a federal tax return and may not have any additional forms or schedules to attach. With these versions, you can typically prepare one federal tax return.

Deluxe and Premier Versions

For more complex tax situations, TurboTax offers Deluxe and Premier versions. These versions provide additional features and support for itemized deductions, self-employment income, and other common tax scenarios. With these versions, you can prepare multiple federal tax returns. The exact number of returns you can prepare will depend on the specific plan you choose:

– TurboTax Deluxe: This plan allows you to prepare and file one federal and up to three state tax returns.
– TurboTax Premier: This plan provides the same capabilities as Deluxe, plus it also allows you to prepare and file one additional state tax return.

Business Tax Returns

If you have a business or are self-employed, you may need to prepare business tax returns using TurboTax. The business-specific versions, such as TurboTax Self-Employed, offer features tailored to small business owners. With these versions, you can typically prepare one business tax return along with your personal tax return.

Additional Features and Fees

Keep in mind that some TurboTax plans offer additional features, such as the ability to file an unlimited number of state tax returns or access to live tax advice. These features may come at an additional cost. Additionally, TurboTax may charge a fee for e-filing your tax returns, although this fee is usually less than what you would pay through other e-filing services.

Conclusion

In summary, the number of returns you can prepare with TurboTax depends on the version of the software you choose and your specific tax situation. From one federal return to multiple federal and state returns, TurboTax offers a variety of plans to meet the needs of different taxpayers. Be sure to carefully review the features and pricing of each plan to ensure you get the most value out of your TurboTax experience.