State Farm - TurboTax Free Edition 2010 - prepare and E-File Your Tax Return Online for Free!
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TurboTax Free Edition 2010 is TurboTax's most basic tax prep software and will work perfectly well for most taxpayers who are filing a uncomplicated tax return. This edition is completely free for federal tax return preparation, and also includes free e-filing. The TurboTax Free Edition is very easy to use and guides you through a series of questions in uncomplicated language. The TurboTax Free Edition also provides way to technical support via phone, live chat, email, and TurboTax's knowledge base.
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TurboTax Free Edition includes the following impressive list of Irs forms: (You may want to skip ahead to reading the rest of the article, without reading this lengthy list, unless you are looking for a particular form.)
1040Ez
1040A
1040
Schedule A Itemized Deductions
Schedule B Interest and Dividends
Schedule Eic Earned revenue Credit
Schedule R credit for Elderly or Disabled
Schedule 1 Interest and lowly Dividends for Form 1040A Filers
Schedule 2 Child & Dependent Care Expenses
Schedule 3 credit for Elderly or Disabled
1040X Amended Tax Return
1116 Foreign Tax Credit
1310 Statement of person Claiming Refund
2106/Ez employee business Expenses
2120 manifold support Declaration
2210/2210Ai Underpayment of Tax/Annualized Income
2210F Underpayment of Estimated Tax by Farmers
2439 consideration to Shareholder of Undistributed Long-Term Capital Gains
2441 Child & Dependent Care Expenses
3903 inviting Expenses
4137 Tax on Unreported Tips
4506 request for Copy of Tax Form
4684 Casualties & Theft
4852 Substitute W-2 or 1099-R
4868 prolongation of Time to File
4952 speculation Interest charge Deduction
4972 Tax on Lump-Sum Distributions
5329 further Taxes on resignation Plans
5405 First-Time Homebuyer Credit
5695 Residential energy Credits
6251 Alternative Minimum Tax
8283 Non-cash Charitable Contributions
8332 issue of Claim to Exemption
8379 Injured Spouse Claim and Allocation
8396 Mortgage Interest Credit
8453 E-File Transmittal
8606 Nondeductible Iras
8615 Tax for Children Under Age 14
8801 credit for Prior Year Minimum Tax
8812 further Child Tax Credit
8815 Exclusion of Interest from Series Ee & I Bonds
8822 change of Address
8839 grand Adoption Expenses
8853 Archer Msas and Long-Term Care guarnatee Contracts
8857 Innocent Spouse Relief
8859 Dc First-Time Homebuyer Credit
8862 Info to Claim Eic After Disallowance
8863 instruction Credits
8880 credit for grand resignation Savings Contributions
8885 condition Coverage Tax Credit
8889 condition Savings Account
8891 Canadian resignation Plans
8910 Alternative Motor car Credit
8915 Hurricane resignation Plan Distributions
8917 Tuition and Fees Deduction
8919 Uncollected public protection and Medicare Tax on Wages
8930 grand Disaster saving assistance resignation Plan Distributions and Repayments
9465 Installment business agreement Request
Ss-4 Application for owner Id Number
Form Td F 90-22.1 report of Foreign Bank Accounts
However, TurboTax Free Edition2010 does not consist of way to the following coarse tax forms and schedules: Schedules C (self-employment), program D (capital gains), program E (rental asset and revenue reported via Schedules K-1), and program F (farm income). Therefore, if you have any speculation revenue from stocks or rental property, or if you have any revenue from self-employment, farm or K-1's, you will need to upgrade to TurboTax Deluxen 2010.
Also, this free tax prep product cannot import 1099s or W-2s. To get this feature, you would to need to upgrade to Turbo Tax fancy 2010. Although unmistakably not necessary, the import highlight can be a real time saver if you have mutliple W-2's or 1099's.
Another potential disadvantage for some situations is that TurboTax Free Edition 2010 is only available as a Web-based software application. If you would prefer to download the software to your computer, TurboTax fancy 2010 or Premier2010 supply the choice of whether purchasing the software disc or immediately downloading the software online. The TurboTax online download choice is unmistakably a few dollars cheaper than ordering the software disc from Amazon. The online tax software download choice also provides the conveniences of immediate way to the software, rather than waiting for the software to be shipped or spending the time and gas to go shopping at a retail location.
Finally, although the federal return is free when using TurboTax Free Edition 2010, the state return costs .95. So for many taxpayers who must file a state tax return, the slightly more expensive TurboTax fancy 2010 may unmistakably supply a great value than TurboTax Free Edition 2010.
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