Tax season just started, many started to receive W-2s and other tax forms. Due date for filing the taxes this year is Apr. 18.
You can file a tax return free with TurboTax if you have a qualifying income or if you meet certain criteria (criteria below). There are other free resources to file a tax as well. Usually AARP offers free tax filing in local libraries, you have to sign them up well early.
If you don’t qualify for the free tax return, you may have shell some dollars to file your taxes. Lowest fee for Deluxe is $29 (covers basic and itemized deductions), Premier is $54 (adds stocks, crypto, rental properties, etc.) and the self-employed is $69 (LLC, etc.).
Fidelity offers discount up to $20 for TurboTax. Although it is supposedly for Fidelity customers, the link works for all. You can find the link on this page: https://www.fidelity.com/tax-information/turbotax-discount/overview
Fidelity also offers discount to other tax sofwares such as TaxAct and H&R Block, here is that link: https://www.fidelity.com/tax-information/overview
You can file with TurboTax Free Edition, TurboTax Live Basic, or TurboTax Live Full Service Basic if you have a simple tax return.*
*A simple tax return is Form 1040 only.
Situations covered by TurboTax Free Edition, TurboTax Live Basic, and TurboTax Live Full Service Basic
- W-2 income
- Limited interest and dividend income reported on a 1099-INT or 1099-DIV
- Claiming the standard deduction
- Earned Income Tax Credit (EIC)
- Child tax credits
- Student Loan Interest deduction
Situations not covered by TurboTax Free Edition, TurboTax Live Basic, and TurboTax Live Full Service Basic
- Itemized deductions
- Unemployment income reported on a 1099-G
- Business or 1099-NEC income
- Stock sales
- Rental property income
- Credits, deductions and income reported on schedules 1-3.