, turbo Tax, the Intuit product with the biggest household name, collects the sensitive details necessary to do your taxes : your Social Security number, where you work, your income, whether you own a home, what deductions you’re eligible for, and where you bank .
How does turbotax work?
, turbo Tax is an income tax preparation software that allows individuals to calculate and file their federal and state income taxes by themselves. It is the No. 1-rated tax software and promises to to “get you your biggest tax refund — guaranteed” in as few as eight days.
Does TurboTax save your tax return as a data file?
But while Turbo. Tax Online does prompt users to download a copy of their tax return when you file, it saves the return as a PDF. It does not prompt you to save the return as a data file. And while there is a way to do so, it’s not obvious that’s what you’re doing – at least in the 2010 version.
UPDATE: 12/7/11 — Turbo. Tax is now making changes and will start archiving tax data files for tax years 2010 and later, according to Bob Meighan, vice president, Turbo, and tax. For more details — and how to get .tax files for returns earlier than 2010– see my latest post, Lessons from the cloud: How I got my Turbo. Tax data back.
The best answer is, 1 turbo Tax offers four ways to file your taxes, including a free option for simple tax situations., 2 turbo Tax is pricey, but it has a good user experience with the option to upgrade for expert help. 3 Self-employed filers who use Quick. Books will find Turbo. Tax especially valuable. 4 See Personal Finance Insider’s picks for the best tax software ».
When I was reading we ran into the query “What tax breaks does TurboTax look for in your answer?”.
An answer is that your answers determine what tax breaks we’ll look for next. For example, if you tell us you have children, we’ll look for deductions and credits such as the child tax care credit, earned income credit, and more., with turbo, and tax?, and state taxes.
By default, Turbo. Tax saves tax files in the My Documents Turbo, and tax folder. After locating the path to the tax file on your computer, open your tax return using the same version of Turbo. Tax for that year. For example, open your 2020 return in the Turbo. Tax 2020 program and your 2019 return in Turbo, and tax 2019.
Should I buy TurboTax software for my PC?
On the other hand, if you buy Turbo. Tax software for your PC, at the end of the day you have both the tax return data file and the software that created it. If you need to you can go back and review all of the inputs you made that resulted in the finished return. The entire creation process is visible to you.
How does a turbo work?
To explain it briefly, the step-by-step procedures of how does a turbo work are: The engine’s air intake sucks in cool air and sends to the compressor. The compressor compresses the incoming air and heats it up. It then blows out the hot air.