Expect prices to increase as tax day, April 15, approaches. Like its competitors, TurboTax offers promotional pricing throughout tax season to woo customers. TurboTax online offers three tiers for online tax filing - TurboTax Free Edition, Deluxe and Premium - depending on the complexity of your return. Since TurboTax charges $64 per state tax return, if you worked in multiple states in 2023, a company like Jackson Hewitt, which offers a $25 flat-fee federal and unlimited state returns option, may be a better choice. (However, TurboTax offers a desktop version of its service that still breaks out a package for self-employed workers and business owners.) TurboTax Online has also gotten rid of its Self-Employed category and rolled it into its Premium tier. Earned rental income or selling stocks will catapult you to TurboTax’s Premium tier. Collected unemployment? Donated to charity? This will push you from TurboTax’s Free Edition to its paid Deluxe tier. If you have a more complicated tax situation, like I do, TurboTax will work well, but it gets more expensive. This year, if you’re a Credit Karma user who didn’t use TurboTax to file your 2023 return, you may also qualify to file with the tax giant for free, regardless of your tax situation.

And since 2014, 124 million people have filed their returns at no cost using TurboTax. According to TurboTax, about 37% of users are able to do so each year. With TurboTax, if you have a W-2, dependents to claim or student loan interest you’d like to deduct (and no other deductions or income to report), you may qualify to file your federal and state taxes for free. TurboTax is a great choice for a wide range of tax filers - particularly students and adults with simple tax returns who can take advantage of TurboTax Free Edition. Has been accused of scamming filers into overpaying in the past.No brick-and-mortar locations for assistance.Only filers with simple returns may qualify to file for free.

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