![]() Are you self-employed? Then don't pick the option for taxpayers who document all their income with a W-2. For instance, if you are a taxpayer with investments in cryptocurrency, there is a clear TurboTax version for you. Your choice should correspond with your lifestyle. ![]() There are four main types of TurboTax to choose from. Which version of TurboTax is right for you? If you are one of the many Americans considering TurboTax as a tool to help file taxes correctly and on time, there are a few things you need to know about filing your taxes via the software. The tax software aims to simplify the tax filing process and find customers big tax breaks they otherwise would't find on their own. Last year, more than 195 million tax returns and other tax forms were filed electronically 14 million of those tax returns were filed with a version of TurboTax. Best TurboTax for freelancers: TurboTax Self-Employed, $119.Best TurboTax for stock and crypto investors: TurboTax Premier 2021 Tax Software, $69 (regularly $89).Keep in mind, the standard deduction for 2022 was 12,980 for single filers and 25,900 for married filing jointly, so it’s possible you’ve itemized deductions in the past but won’t need to this year. Best TurboTax for homeowners: TurboTax Deluxe 2021 Tax Software, $39 (regularly $49) If you want to itemize your deductions on a Schedule A, you’ll need to get the Deluxe edition.For only the most basic situations: TurboTax Free Edition.Taxes are due by Monday, Apfor most Americans (excluding taxpayers in Maine and Massachusetts, who need to file by April 19, and those who have requested an extension, who have until October.) Promotions are subject to availability and retailer terms. In summary, TurboTax Deluxe is suitable for simple tax returns, while TurboTax Premier is intended for users with more complex tax situations and those who want. We may receive commissions from some links to products on this page. CBS Essentials is created independently of the CBS News editorial staff.
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