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6.2

Overall Score

Author: Kaitlyn Short

LAST UPDATED: January 22nd, 2025

TurboTax is a leader in the tax prep industry. It is secured with bank-level encryption, multi-factor authentication, TLS technology, Dedicated Security tax, risk assessment/audits, and limited access to data. This ensures the utmost security for customers. 

TurboTax's software comes with audit defense, and the company offers 100 percent accurate calculations guaranteed with the service. Customers can file taxes with TurboTax on tablets, mobile devices (apps for Android and iOS), online, or through CD-software.

TurboTax is part of the larger Intuit company. This is a software firm that emphasizes financial, accounting, small business, and tax-related programs. It is built around small business and individual software needs and is currently one of the S&P 500.

TurboTax began in the 1980s when two software designers in the Silicon Valley area of California began to look at ways of creating computer software that could eliminate the drudgery of "pen and paper" accounting practices. This led to the birth of "Quicken" bookkeeping software and a rapid expansion of other small business and tax-related products. 

By the late 1990s, the company was a major force in software and was able to offer QuickBooks, TurboTax, and web-based components. Today, the company is worth more than $4 billion and is considered one of the finest software producers in the world.

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The Good

  • Guarantees
  • Easy to Fill Out
  • Automatic Suggested Deductions
  • Automatic Information Retrieval
  • Mobile App
  • Supported Forms

Guarantees

Essentially, the premise behind any version of TurboTax (whether for the individual, small business, etc.) is that it is going to walk the user through the process of completing their IRS and state tax documents. 

The software also finds all the potential deductions and credits that a taxpayer may qualify for. This means that there is very little risk of overlooking deductions or failing to report everything with accuracy. 

TurboTax provides a Maximum Refund Guarantee, an Audit Support Guarantee, a 100% Accuracy Guarantee, and a Satisfaction Guarantee. 

TurboTax offers free filing for simple tax forms. However, if you taxes are more complicated, you may have to pay a fee for using TurboTax's filling process. 

Customers who use the software don't have to pay until they receive their tax return. If a customer did not file with TurboTax, even if they started with the software, then there is no charge.

Taxpayers can elect to receive their tax refund via a direct deposit to their bank account.

TurboTax also promises people a maximum refund, as well as error checking all tax work before it is submitted to the IRS. 

If the company does make a mistake with the IRS, it will pay for any state penalties and interest. TurboTax's guarantees are helpful and are made to best help consumers.

Easy to Fill Out

The "step-by-step" filing process is done like an interview and offers explanations for each item as it appears. The questions are made to be very clear. The built-in "EasyGuides" offer detailed explanations for all major issues. 

There are also community forums that can direct someone to even further answers and information. 

Additionally, some of the advanced versions of the software will also provide professional tax advice from a tax expert around issues such as investments or business related questions. It even walks the user through such traditionally complex issues as depreciation, donations, cost basis in stocks, and special 401k tools.

Automatic Suggested Deductions

TurboTax automatically suggests deductions and credits to users. In fact, members have the ability to enter charity donations on-the-go with the TurboTax ItsDeductible app.

Automatic Information Retrieval

Because the software is able to automatically retrieve information from previous year's filings (when done using previous versions of the software), it can streamline the entire taxation process dramatically. It also pulls all necessary data from any linked versions of QuickBooks, and this means that individuals and businesses can speed up the entire tax return process while also eliminating risks of error.

Mobile App

TurboTax has a mobile app which makes doing taxes convenient. You can login and start where you left off anytime and anywhere. It doesn't matter if you're using your phone, tablet, or desktop; all your information will be saved.

Supported Forms

Free:

  • 1040A
  • 1040EX
  • Schedule B
  • Schedule EIC and More

Deluxe:

  • All Free Forms
  • 1040
  • Schedule A
  • Schedule C
  • Schedule CE

Premier/Home & Business:

  • All Deluxe Forms
  • Schedule D
  • Schedule E
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The Bad

  • Limited Information
  • Federal and State Prices
  • Customer Support

Limited Information

While TurboTax does readily give information on how to input charity locations on the main homepage, the website does not upfront offer information on other types of deductibles. However, these pop-up as customers go through the questionaire.

Federal and State Prices

TurboTax is not "cheap" software, and it does have additional fees for filing state returns online.

Federal Price:

  • Federal Free Edition - This product is ideal for simple tax returns and costs $0.
  • Deluxe - The Deluxe costs $34.99 and is meant to maximize one's tax deductions
  • Premier - For rental property and investments, this is the way to go. It costs $54.99.
  • Home and Business - This option is best for small business owners, and it costs $89.99.

State Price

  • Federal Free Edition - This product is ideal for simple tax returns and costs $0.
  • Deluxe - The Deluxe costs $36.99 per state and is meant to maximize one's tax deductions.
  • Premier - For rental property and investments, it costs $36.99 per state.
  • Home and Business - This option is best for small business owners, and it costs $36.99 per state.

Customer Support

TurboTax offers a couple of ways to get in touch with them:

  • Twitter: @TeamTurboTax
  • Live Chat: Live support is offered in programs to paying customers.

However, they do not offer support over the phone and through email. These are both popular forms of customer support and can be a big problem if customers are not familiar with social media or live chat options.

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The Bottom Line

In the end, many people choose TurboTax because of how well the software works.

The intuitive nature of the software, the use of the interview format, and the access to previous returns tend to keep people coming back year after year. 

There are also many other features that are built into the different packages that make this software a truly ideal solution, such as access to W-2 forms or 1099 forms that have been filed online. 

This sort of comprehensive access ensures one of the simplest methods for doing one of the most dreaded chores. 

While taxes can seem confusing at times. TurboTax provides access to answers given by tax professionals as well as a community forum. On these forums users can ask questions and have them answered by a TurboTax representative or tax professional. The library of resources is really effective and useful across the board. 

TurboTax is a well-recommended tax preparing company.

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Star Rating

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4.5

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926 Reviews

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5 grade

64%

4 grade

24%

3 grade

6%

2 grade

2%

1 grade

3%

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Jasmin Mena

TurboTax left a sour taste in my mouth. I'm self employed and filed together with my husband. The first time we used TurboTax, we had a lot of questions and getting quality info was difficult. We would get connected to a person, who didn't have all the knowledge of a tax preparer. This doesn't give you a feeling that you can trust Turbo all the way. We somehow managed to file our taxes after pulling our hair as the automated form online would gives us lots of grief giving errors without specifying where the mistake was. It took us a lot of time to figure out these issues. I also had additional tax questions specific to my employment type and the guy I was connected with gave me bad advice that would have resulted in tax penalties. Thankfully I knew better because what he said didn't make any sense. Later when we filed taxes with someone else irl, they couldn't find a specific table in the tax documents generated from Turbo, so there's that too. Turbo is probably good for someone with very straight-forward taxes (just submit your W-2's and you're good), but for self employed people I don't recommend it. Not to mention that they still charged us around 200 dollars for all this.

2 years ago

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Yooper Colorado Colorado Springs, CO

We have used TurboTax for years and initially had no issues with the software, we even bought one of the versions that gave you access to their legal tax auditors for questions about tax issues. The ease of use has seriously degraded over the years until finally this year we switched over to H&R Block software (this is because TurboTax this year required you to file by February 15th). Two years ago we bought the version that gave you access to their tax experts who actually knew nothing about the several questions we called and asked them. It ended up being a more expensive experience since we had to call an actual tax expert after talking to TurboTax's experts. Waste of money!

3 years ago

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BBQ Boy! LA

I've been using TurboTax for the last 9yrs and this will be my last. TurboTax has been charging for the preparation and monitoring. Last couple of years I've been audited when TurboTax said I was good and everything was clear. I paid for services that lied to me. When I needed help this year, I couldn't find the questions to it. I would had to pay more money for help then additional for self employment. One good thing TurboTax has is the import taxes from the previous year. But this year they imported some information that I wasn't aware of and didn't know how to complete.

2 years ago

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steven Riverhead, NY

Tax Audit that is partnered with Turbox tax is NOT Helpful. Every year I paid for the audit protection and finally needed it and got no help at all.. I can't even get a refund from turbo tax because Tax Audit is separate even though Turbo Tax charged me for the service.. Will not be wasting money on that again..

6 years ago

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Eban Beltran Arlington, TX

I used TurboTax for many years and always had very frustrating experiences with their software. They advertised a free service but time after time after hours of filling out information and dealing with login issues I would be faced with paying a lot of money to submit my taxes or start all over again with another tax service... I no longer use TurboTax.

4 years ago

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Peter Land O' Lakes, FL

They had a good platform online. It was somewhat difficult to talk to a live person. Their fees were a little higher than other tax return companies. I chose to move on to another filing service.

2 years ago

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Kyle Provo, UT

There was a big ProPublica article that came out a year or two ago about how TurboTax charges a TON of people that are eligible for free tax services. Basically they hid the government mandated free one and advertised their only free under extreme circumstances program... I think they've been more upfront since then.

4 years ago

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Tyler Strieby Lehi, UT

Turbo Tax was my go-to tax-filing system. However, because of some vague usage in their wordage on a change in tax law we made a mistake on our taxes. Turbo Tax's online help forum was no help. It was a mess. I will not use them again.

5 years ago

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Dwhoush New Orleans, LA

TurboTax was very easy for me to use and was able to get my my deductions. I didn’t like the fact i had to pay for this feature and that feature that might get me more money. I’ll be using a different company from now on.

5 years ago

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William South Jordan, UT

I used Turbotax this last year and had mixed results. The paperwork wasn't sent to the irs correctly so that caused some issues and confusion. The actual filing process and costs are very reasonable though.

7 years ago

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Rachel Butler Provo, UT

Not thrilled. I wish I could follow along and learn more about my tax process while completing it. Felt out of the loop and like they could have done what they wanted.

4 years ago

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Amanda Montebello, CA

I didn’t have a great experience with Turbo Tax because some of my employees used this service to deliver W2 forms but made up pay $20 to access our forms.

5 years ago

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Mark

The software is flawed: (1) Duplicate forms were produced and could not be deleted; (2) Online help was useless.

6 years ago

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Maureen Lawlor

Poor quality for the cost. Considering I've used Turbotax at a minimal cost with much better results.

7 years ago

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Carter Merrill Pleasant Grove, UT

I tried to use and work with TurboTax and it wasn't for me. I got confused easily and wasn't able to work with them efficiently.

6 years ago

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eva halfon New York, NY

Bugs, especially with amended returns. Problems importing financial data from even large companies.

7 years ago

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D Z Shamokin, PA

They tell you it's free Until you get to the end and they charge you

7 years ago

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T

Not a user friendly layout. Hard to maneuver and get to the items needed. Wouldn’t use.

6 years ago