Update: This offer is sold out/expired. I expect some sort of similar short-term deal to pop up again before April 15th.
The benefit of “old-school” desktop tax software is that it doesn’t require your Social Security Number and financial details to be stored in the “cloud” at at time when everything is being hacked. Here’s a limited-time deal on TurboTax 2018 that includes a $10 Amazon gift card. That brings it down to an effective net price of $29.99 for TurboTax Deluxe Fed/State and $44.99 for Premier Fed/State. Found via SD.
TurboTax 2018 Tax Software (Deluxe) $29.99
TurboTax 2018 Tax Software (Deluxe + State) $39.99
TurboTax 2018 Tax Software (Premier + State) $54.99
TurboTax is rarely cheaper than this, and I like TurboTax for their wide list of 1099-B import partners that can save you the time and effort of manually entering lots of tax lots for stock or ETF sales.
TurboTax Deluxe is recommended if you own your own home, donated to charity, have significant education or medical expenses, have child-related expenses or have a lot of deductions. Deluxe lets you enter stock sales manually, but TurboTax Premier includes “additional help” on stock sales and capital gains taxes and also includes guidance on rental properties. Home & Business includes guidance for the self-employed or small business owners, including the creation of 1099s. (If you just have a couple of 1099-MISC forms to report, you don’t need Home & Business.)
Keep in mind that for these products 5 Federal e-Files are included but State e-File is extra ($19.99 per state). I would personally just print the (usually shorter) state return out and snail mail it in if you don’t have a free State e-File option.
So If I have a side gig (and a full time job elsewhere), do i still need Home & Business?
If you want help deducting business expenses and such to fill out a Schedule C, I think you need Home and Business.
I’ve been using the online version for years. If I buy the desktop version, will it still pull up my history, info, etc from previous years or starting from scratch?
Here are two links that I would read:
https://ttlc.intuit.com/questions/1901476-how-do-i-switch-from-turbotax-online-to-the-turbotax-software
https://ttlc.intuit.com/questions/3702988-bought-turbotax-program-at-sam-s-club-how-can-i-export-my-filing-from-online-to-import-into-the-program
You said 5 efile are included.. does it mean we can use this 5 times?
Yes, some people pass this around amongst their family and/or friends.
What exactly is “additional help” for stock sales? Is that just help help or are some transactions NOT allowed to be entered via Deluxe?
FYI: $55 is currently the going rate for the Premier at Costco (no add’l giftcard though).