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$89
Federal starting price
$39
State returns starting price
Federal starting price | $89 |
---|---|
State returns starting price | $39 |
Payment options | Debit, Pay with your tax refund |
Review by
Cassidy Horton is a freelance personal finance copywriter and past contributing writer for Finder. Her writing and banking expertise have been featured in Forbes Advisor, Money, The Balance, Money Under 30, Insure.com, and other top digital publishers. She holds a BS in public relations and an MBA from Georgia Southern University.
You’ll find all the bells and whistles at TurboTax — auditing support, payroll and reporting features, software integrations and live access to tax experts.
But these dreamy features come at a cost. Although TurboTax is cheaper than filing with a tax preparer, it’s more expensive than other tax filing software companies. That’s why it’s best for small- and medium-sized businesses with complicated tax situations.
If you’re a freelancer or contract worker with a simple tax situation, you’ll likely get by just fine with a more affordable option from a company like TaxAct or H&R Block.
TurboTax has three options for business owners — each with varying features and support. One is an online platform and the other two are downloadable software.
Plan and packages | Type | Price | Best for | Features |
---|---|---|---|---|
Self-Employed | Online software | $89 for federal$39 for state | Freelancers, contractors and small-business owners |
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Self-Employed Live | Online software | $169 for federal$50 for state | Freelancers, contractors and small-business owners who want real-time help from a tax expert | Everything in the Self-Employed plan, plus:
|
Home & Business | Downloadable software | $119 for federal $0 for first state; $40 for additional state | Small-business owners |
|
TurboTax business | Downloadable software | $180 for federal$49 for state | Partnerships, S Corp, C Corp, multi-member LLC, trusts and estates |
|
TurboTax gives you three ways to cover your filing fees:
When you file with TurboTax, you’ll have these refund options:
Follow these steps to choose your plan and sign up:
TurboTax uses a question-and-answer-based system where it uses your responses to fill out your tax form for you. You can file on your phone using TurboTax’s mobile app and enjoy these features:
If you’re looking for a cheaper way to file taxes this year, explore other services until you find one that fits your needs and budget.
Narrow down top tax service providers by federal returns starting price, state returns starting price and more to find the best for your budget and financial goals. Select Compare for up to four products to see their benefits side by side.
TurboTax gets a B+ rating from the Better Business Bureau (BBB) based on factors like financial stability and years in business. It scores 1.09 out of 5 stars from 462 customers as of November 2022.
Customers love how much time TurboTax saves them. They can easily import information from QuickBooks, search for deductions and find answers to their questions in the support forum. Customers also enjoy the risk meter, which shows your likelihood of getting audited based on your return.
The biggest complaint we found is that it can get expensive. But several customers admit it’s still a lot cheaper than what they’d pay with a tax preparer.
The level of support you get depends on which TurboTax business package you choose. But generally, these are all the ways to contact customer support:
If you choose the Self-Employed Live package, you’ll get unlimited access to a tax expert.
Can I apply for the ERC using TurboTax?
Yes, your business can apply for the ERC tax credit using TurboTax.
Which TurboTax business package do I need for an LLC?
TurboTax recommends going with TurboTax Home & Business if you’re a single-member LLC and TurboTax business if you’re a multi-member LLC. Freelancers, contractors and sole proprietors can go with the standard TurboTax Self-Employed online package.
Do I have to buy TurboTax business every year?
Yes. If you file online, you’ll pay once you’ve completed your return and are ready to file. With the downloadable version, you’ll pay up front, and the software will be good for that tax year.
What TurboTax products can I buy at Costco?
You can buy both downloadable software packages — TurboTax Home & Business and TurboTax business — at Costco.