TurboTax® Official Site: File Taxes Online, Tax Filing Made Easy

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This can be done online, or with the help of a live tax preparation assistant. We’ll use what you tell us to match you with a tax expert who understands your situation, has relevant expertise, and is in a relevant location. We do our best to match you with the right expert based on the nature of your question. Your tax expert will also have read-only access to your tax return so they can better understand your situation.

Experts help as you do your taxes

And, in some cases, it’s just a consumer-friendly version of the same tax software that your CPA uses. Purchasing software like TurboTax is affordable and available at many online and in-person retail stores. The TurboTax Simulation has given me more confidence related to future tax filings by providing me with practical, hands-on experience in preparing and filing taxes. It allowed me to understand the process and identify potential deductions that my family might be eligible for, which I may not have been able to do on my own. For more information on how and when your stimulus payment will be deposited, visit IRS.gov. Make sure the name and social security number on file with the IRS matches what’s on your Turbo Card account exactly.

Are you eligible for the Advance Child Tax Credit?​

Once you have completed the first simulation, select one or more of the remaining simulations to explore how different life situations can impact your taxes. Here are 3 short turbo tax cpa videos to get you started on your taxes learning journey. You can speak to an expert via phone, chat, or live on-screen through one-way video chat (they can’t see you).

Capital Gains Taxes

In addition to searching for, “tax advisors near me,” consider consulting the IRS’ Directory of Federal Tax Return Preparers with Credentials and Select Qualifications. You’ll share personal information with this person, such as your income, family, and residence. Taxpayers who pay for nursing home care at a licensed facility or from an in-home or community care provider may qualify for a tax credit covering 20% of the expenses, up to a maximum credit of $300. SALEM, Ore. (KATU) — If you filed your 2023 federal and state taxes through TurboTax, you may be able to increase your refund or reduce the taxes you owe. “Intuit has a history of deceptive advertising, but I expect it to make good on this guarantee,” Wyden wrote. He noted that the Federal Trade Commission found in January that TurboTax had engaged in deceptive advertising when it promised “free” tax services to some customers.

The state of South Carolina requires you to pay taxes if you are a resident or nonresident who receives income from a South Carolina source. The state income tax rates range from 0% to 7%, and the sales tax rate is 6%. Intuit has contacted the affected taxpayers and provided instructions for filing an amended return at no charge. Nearly all the people affected by the mistake were using TurboTax’s desktop software, Intuit told the Oregon Department of Revenue, instead of its online service. The company said it has identified electronic filers who were affected but is still sorting out who was affected among customers who used its software and then mailed in paper tax filings. My biggest takeaway from the TurboTax Simulation was the importance of planning ahead and taking all relevant deductions into account.

There are no guarantees that working with an adviser will yield positive returns. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. Anyone can be a paid tax return preparer if they have an IRS Preparer Tax Identification Number (PTIN). Tax return preparers have various levels of skills, education, expertise, and credentialing. Due to the intense requirements you must meet to become a CPA, this license represents one of the most well-respected credentials in the business world. Finding a CPA to handle your tax needs should help to answer questions you might have around tax advice and planning.

When it comes to financial planning and filing taxes, it’s important to choose the right accountant for your needs. Enrolled agents, CPAs, and tax attorneys all have different qualifications and areas of expertise. All can handle your tax return needs, while CPAs and tax attorneys can provide other valuable services like representing you before the IRS or Tax Court, or even helping your business with other administrative tasks. If you need assistance with preparing your tax return, consider finding an Enrolled Agent (EA), Certified Public Accountant (CPA) or tax attorney. These income tax advisors can assist with tax returns varying from simple to complex as they’re well-trained and knowledgeable about the tax code, and how to claim relevant tax deductions and credits on your return. With Live Full Service, we’ll start by asking you questions about your tax situation.

Make your money go further with no overdraft fees, no minimum balance fees and no penalty fees. We’ll use information about your tax situation, where you live, and more to match you with the right tax expert to handle your taxes. If at any time you want to be matched to a new expert, you can inform your current expert and they’ll help you get reassigned.

Find out more about the PTIN and the EFIN requirements and application process. With TurboTax Live Assisted, you can consult with a CPA online for year-round access to tax professionals capable of helping you answer simple https://turbo-tax.org/ and difficult tax questions alike. Have a tax expert do your taxes from start to finish, as soon as today. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns).

The above article is intended to provide generalized financial information designed to educate a broad segment of the public; it does not give personalized tax, investment, legal, or other business and professional advice. Before taking any action, you should always seek the assistance of a professional who knows your particular situation for advice on taxes, your investments, the law, or any other business and professional matters that affect you and/or your business. TurboTax offers year-round access to tax professionals capable of helping you answer simple and difficult tax questions alike. Being proactive and consulting with a CPA online can provide you with valuable advice — saving you time, stress, and money. Often, small businesses don’t have the expertise to handle a lot of the tax matters related to their business. They can also handle administrative tasks such as budgeting, bookkeeping, financial accounting and reporting, invoicing, tax planning, and tax preparation and filing.

This includes accounting services, management advisory, financial advisory, tax, or consulting skills. Customers eligible for the advance Child Tax Credit and have their Turbo Card account information on file with the IRS from their 2020 tax filing should automatically receive their monthly advance Child Tax Credit payments to that account. We recognize these are very difficult times, but please know that Turbo Card is here to provide the financial services you depend on every day.

  1. You are about to visit MyTurbo.com, which is not operated by Green Dot.
  2. A live TurboTax product specialist can help you one-on-one, and even draw on your screen to help you get your taxes done.
  3. These income tax advisors can assist with tax returns varying from simple to complex as they’re well-trained and knowledgeable about the tax code, and how to claim relevant tax deductions and credits on your return.
  4. Using a CPA to file taxes is a wise choice for investors who are willing and able to pay for their advice.

While CPAs can provide valuable tax advice on how to prepare your return, they can also provide year-round tax advice. Certified public accountants, better known as CPAs, can assist you with preparing your personal tax documentation, work with you for making informed financial decisions, help you complete your businesses accounting and taxes, and much more. SmartAsset Advisors, LLC (“SmartAsset”), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. Wyden, D-Oregon, asked the company to explain what steps it takes to test its software and what went wrong in this case. Download the innovative app to track your account 24/7, stash extra funds in your Vault, slide for balance, pay bills anytime, get direct deposit info and find free ATMs.

Intuit offers ProSeries, ProConnect, and Lacerte Tax software, which are IRS-compliant for tax professionals who are filing multiple returns. Using a CPA to file taxes is a wise choice for investors who are willing and able to pay for their advice. In many cases, CPA strategies are able to save more in taxes than the fees that they charge. CPAs have intimate knowledge of the tax code, understand confusing tax language and can easily fill out forms that take others hours to complete.

Your tax expert will be able to see a read-only version of your tax return to assist them in addressing your questions. Your personal information (like SSN) will be masked so the expert can’t see it. TurboTax is only licensed for personal use, and it is not compliant with IRS regulations for paid preparers.

Green Dot does not provide and is not responsible for the product, service or overall content on that site. Intuit’s platform helps you achieve financial confidence with TurboTax, Credit Karma, QuickBooks, and Mailchimp. Because CPAs speak the same language as the IRS, they can properly handle your communication with this federal agency. They can help you supply the relevant information requested and resolve your issues as quickly and painlessly as possible.

Whether you want an expert to do your taxes from start to finish, or expert help while you file on your own, TurboTax has expert-backed offerings to meet your needs. With TurboTax Live Assisted, our tax experts help you complete your taxes, fix any mistakes, and explain what’s next. Or, with TurboTax Live Full Service, a local tax expert matched to your unique situation will get your taxes done 100% right – as soon as today.

Special discount offers may not be valid for mobile in-app purchases.Your price could also change if you decide to upgrade your service level and add expert help, or if you choose to add other services like Audit Defense. For people with simple tax returns or more time than money, it makes sense to use TurboTax or some other tax preparation software to file their taxes. And some DIY investors may enjoy preparing their own returns over working with a CPA. It starts with a welcome call with a tax prep assistant to gather and upload your documents, and then you’ll be connected to your Live Full Service tax expert. You can speak to your tax expert on the phone or through a live one-way video call on your screen (you can see your tax expert, but they can’t see you). Your tax expert will ask you questions and provide advice as they prepare your return and get ready to file on your behalf.

After they’ve completed your tax return, they’ll review it with you and answer any questions you may have. When you’re ready to file and pay, they’ll sign and file your taxes on your behalf. While tax prep software makes it easy to file tax returns, many investors don’t have the time, energy or desire to do their own taxes. For some investors, their tax returns are challenging due to the complexity of their finances. Between household income, business ventures and trust strategies, their taxes often need the expertise of a certified public accountant (CPA) to maximize their tax deductions.

TurboTax says mistakes by its tax preparation software affected more than 12,000 Oregon tax returns, incorrectly directing them to take the state’s standard tax deduction in cases when people could save money by itemizing their deduction. The time it takes to prepare your return depends on the complexity of your taxes, your availability, seasonal peak days for tax preparation, and how busy our experts are. The choice between TurboTax vs. a CPA when preparing your returns is often based on time, money and financial complexity. Both are good options, but most investors favor one or the other based on their personal needs and comfort level. For many, hiring a CPA is a wise choice to ensure that you take advantage of every tax deduction that you’re eligible for. If you fall into that category then you may want to consult with a financial advisor to help you make the right tax choices.

Taxpayers who purchase a manufactured home that meets or exceeds the energy efficiency requirements of the federal Energy Star program may qualify for a state tax credit worth up to $750. To be eligible for the credit, you must have received written certification from the South Carolina Energy Office. South Carolina also offers several state-specific deductions, including a write-off for certain volunteer emergency responders that’s worth up to $3,000. Also, you can deduct up to $3,000 of income from most retirement plans if you’re under age 65, or $10,000 if you’re 65 or older. South Carolina offers taxpayers the opportunity to take a standard deduction, which is the same as the federal standard deduction.

We know you have many questions, so please find below additional information about your account security, your health, and your account. When you use a one-way video with your tax expert, you’ll be able to see them, but they can’t see you. If you’re wondering, “Should I hire a CPA?”, we’ll further explain what a CPA does, how they can be useful, and answer common questions about these licensed professionals. These services are invaluable for small businesses, especially in their first year of business when they’re more focused on running the company and growing it into a profitable venture. You have three years from the date your return was originally filed or from the due date of the return, whichever was later, to file an amended return.