It connects you to a tax expert via chat or video call. TurboTax Live is a slightly different animal, one parent company Intuit introduced three years ago. These individuals will be able to use TurboTax Live Assisted Basic and take advantage of its expert help for free. TurboTax has announced a special offer for taxpayers with simple returns (as described above) that runs through March 31, 2023. TaxSlayer Classic ($19.95 for federal) supports all major tax forms and schedules, but its Self-Employed version ($49.95 for federal) offers additional tools and support for the self-employed. However, these services both lack the usability and support that makes TurboTax so exceptional. Cash App Taxes is free for both federal and state returns. FreeTaxUSA and Cash App Taxes (formerly Credit Karma Tax) are still totally free for federal filing, though FreeTaxUSA charges $14.99 for state returns. TurboTax remains the most expensive tax service, by quite a lot in some cases. TurboTax Self-Employed ($119 federal) lets you record income and expenses on a Schedule C and includes special guidance and features for self-employed individuals. You need TurboTax Premier ($89 for federal taxes) if you have to report investment income and rental property. Deluxe adds Schedule A to the free version, allowing you to itemize or take the standard deduction. The least-expensive paid tier of service is TurboTax Deluxe, for which the list price is $59 for federal returns. This includes taxpayers claiming the standard deduction and with no more than these tax situations: W-2 income, limited interest, and dividend income, the Earned Income Tax Credit, Child Tax Credit, and the student loan interest deduction. TurboTax's Free Edition is good for what it calls simple returns (Form 1040 only, with no additional forms or schedules). Expect discounts on tax prep services early in the tax season, with those discounts going away the closer you get to the filing deadline. There is a free option, but if you don't qualify, filing a federal return starts at $59. TurboTax's prices for DIY federal returns are the same as last year, though the cost of state returns has gone up.
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