Updated February 25th, 2015: All of the boxed and online versions of TurboTax are now available (U.S version and Canadian versions). You can now pick it up at Intuit.com if filing from the United States or Intuit.ca if you’re in Canada (NETFILE in Canada started on February 9th). Your options are listed below which all happen to be on sale at the moment:
- Federal Free Edition: Free!
- Deluxe 2014: on sale for $34.99 (normally $54.99) with Federal return included.
- Premier 2014: on sale for $54.99 (normally $79.99) with Federal return included.
- Home & Business 2014: on sale for $79.99 (normally $104.99) with Federal return included.
Boxed Versions (CD and downloads):
- Basic 2014: on sale for $19.99 (normally $29.99) with Federal return included.
- Deluxe 2014: on sale for $59.99 (normally $69.99) with Federal and State returns included.
- Premier 2014: on sale for $89.99 (normally $99.99) with Federal and State returns included.
- Home & Business 2014: on sale for $99.99 (normally $109.99) with Federal and State returns included.
- Business 2014: on sale for $149.99 (normally $159.99) with Federal return included.
For 2015, most versions also qualify for the Turbotax-Amazon gift card offer where you can elect to have part or all of your Federal refund given to you in the form of an Amazon gift card. When you do, TurboTax will bump up to an extra 10% of the value of your return for free.
You’ll be able to your return starting on January 5th, 2015 however the IRS will not begin accepting e-files until January 20th, 2015. Remember that the IRS processes tax returns on a first-come-first-serve basis so if you are expecting a refund this year then be sure to file as soon as possible to get your refund as fast as possible.
What’s changed in TurboTax for 2015?
Besides software updates adjusted to the changes in the tax code, there is one major change in the U.S. version that you need to be aware of. TurboTax Deluxe no longer supports Schedules C (for self-employment and small business income), D (investment reporting) and E (rental or partnership income). So if you own stocks, bonds, mutual funds or ETFS you will not be able to use the Deluxe version and will now need to upgrade to Premier or Home & Business, both of which are substantially more expensive (Updated January 23, 2015: Intuit has responded to the outrage caused by the change and is now offering select existing customers a $25.00 refund or a free upgrade). It’s also been reported that Schedule C in the Premier version is limited to $100 off deductions in a couple of expense categories so it may be the case that as a previous Deluxe user you may be forced to upgrade to Home & Business if you want to continue using TurboTax.
If you’re having trouble upgrading to from Deluxe to a higher version for free, then you can contact Turbotax’s customer service department at 1-800-445-1875 (open from 8:00am to 8:00pm EST Monday through Friday).
Your other options
Turbotax is not the only tax software maker to choose from – You also have H&R Block. We’ve tried H&R Block’s tax software and gotta say it’s pretty good in our opinion and improved from a few years ago (and it lets you import your last year’s tax return from TurboTax into H&R Block’s software). Their Deluxe version supports Schedules C, D and E and is priced for much less than TurboTax. Plus, you’ll now be able to save an extra 20% off if you pick it up at hrblock.com.
If you’ve already paid for your TurboTax Deluxe software then rumor has it that if you email H&R Block at [email protected] and let them know you would like to try their H&R Block tax software, then they will send you a free copy (plus you may also qualify TurboTax’s 60-day refund policy). This is not an official offer but was part of an email campaign (appears to be an open ended offer but may have an expiration date – we don’t know). When emailing them, be sure to provide your name, mailing address, phone number, version needed (Windows or Mac), and proof of purchase for your TurboTax software (receipt scan, email confirmation, etc.). Once approved, H&R Block will then send you a download link for one free copy of H&R Block Deluxe + State tax software.
What would you like to see changed in TurboTax?
Not happy with TurboTax’s changes? Looking for some other improvements? Leave your wish list and product improvement suggestions below.