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TurboTax 2015 Release Date (for tax year 2014)

tubotax 2015 for tax year 2014

Updated January 23rd, 2015: TurboTax has has just made all of the boxed and online versions 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. Your options are listed below which all happen to be on sale at the moment:

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 $99.99) with Federal and State returns included.
  • Business 2014: on sale for $149.99 (normally $159.99) with Federal return included.

Online Versions:

  • Federal Free Edition: Free!
  • Deluxe 2014: on sale for $29.99 (normally $49.99) with Federal return included.
  • Premier 2014: on sale for $49.99 (normally $74.99) with Federal return included.
  • Home & Business 2014: on sale for $74.99 (normally $99.99) 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 customers a $25.00 refund).  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.

We are hoping that Intuit decides to reverse this change but in the meantime there are a few thongs you can do:

1) Contact TurboTax’s customer service.  It’s been reported that if you contact their customer service they will give you a free upgrade from Deluxe to Premier if you complain about the change. You can contact Turbotax at 1-800-445-1875 from 8:00am – 8:00pm EST Monday through Friday.

2) Switch to H&R Block’s software.  We’ve tried H&R Block’s tax software and gotta say it’s pretty good in our opinion (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.

  1. January 28, 2015

    Thomas

    According to http://www.Gov.org Schedule 1040 for 2014′s “Standard Deduction” for Married filing jointly or Qualifying widow (er) is $12,400 as clearly printer on the left-hand side of this form, page 2. Hopefully, Turbo taxes applied standard deduction of $14,800 is the correct amount. I was simply astonished to see the IRS lower figure. Please advise.

  2. January 27, 2015

    mike Stolarick

    Will TT for 2014 tax year run on Microsoft XP??

  3. January 26, 2015

    Joe

    I have been using TurboTax for 10+ years. I am extremely disappointed in this years changes in schedule filings. I need C and D. H&R Block here I come. I will establish a new relationship for my taxes.

  4. January 21, 2015

    Mike

    I will never understand the decision of Turbo Tax to cut those schedule C forms from the Deluxe version. They have to know that they are forcing us to go to their competitor like H&R block who by the way does have those forms in their deluxe version and cheaper.
    I used Turbo Tax for many years but now I will switch to H&R Block.

    • January 24, 2015

      Eric

      Looks like Intuit is somewhat responding – They just issued an apology and announced that they will be offering existing TurboTax Deluxe users (CD/download versions) a $25.00 refund on their purchase of Premier or Home & Business (CD or download version) due to the negative customer feedback regarding the removal of schedules C, D, E and F forms from the Deluxe version. Unfortunately, the discount doesn’t offset the full cost to upgrade (typically $30.00 to $40.00) and the policy, as it now appears, has not changed so expect to have no schedules C, D, E and F forms available in next years Deluxe version.

  5. January 19, 2015

    Steven

    I am very disappointed in TT. Cheaper now for me to have my taxes done professionally. I will not be buying TT. If I do my own taxes this year then I will switch to HR Block.

    • January 19, 2015

      Eric

      Hi Steven,

      You’re not alone – Seems like TurboTax made a huge uproar this year by stripping down the features in Deluxe.

      If you decide to try out H&R Block’s software, then keep in mind that they have a 100% satisfaction 60-day money-back guarantee (scroll down to the bottom of the H&R Block contact us page for info) so if you don’t like it for whatever reason then simply request for a refund. Better yet, the policy also extends to their authorized resellers as well.

      Cheers,
      Eric

    • January 21, 2015

      C

      Completely agree. I need both a Schedule C (for a sole-proprietor biz with more than $100 in at least one expense category) and a Schedule D. That means that my TT software cost would double from last year’s Deluxe to this year’s Home & Business, bypassing Premier altogether. Seriously considering making the switch to another software now. Familiarity with a product I’d used for years was the main draw to sticking with TT in the first place, so if I’m going to lose that anyway, as well as deal with all the glitches I suspect will be present in the new versions, I might as well learn to navigate another, more economical product.

  6. January 17, 2015

    Ana

    Just got home from Office Depot, really disappointed that Turbo Tax is not offering the same Basic version they’ve offered in the past, which was around $29.99. I could do my W-2′s along with rental income and small business forms, charitable contributions and investment items. After reading several different TT’s in the display, it appears I’d need to pay $89.99 for the deluxe home/business . What a ripoff. I left without buying – am I missing something here?

  7. December 28, 2014

    John M

    I have used TT Deluxe for many years and it allowed importing financial data from Mutual Fund companies and brokers for schedule D. The matrix for filing 2014 tax using TT 2015, indicates you must buy the Premier version. If true, this represents a large price hike when going from Deluxe to Premier to simply complete Schedule D. Right now, I am not very happy at all with this “price increase” and think it is a downright dirty trick.
    I wonder what H&R Block’s tax cut has done and may consider switching.

  8. November 23, 2014

    Amy

    Add the Estate or Trust (Form 1041) to the Premier product. I have to file a return for a simple family trust but have no other need for the Business software and since the Business software does not include personal taxes, I have to buy two products every year.

    • December 5, 2014

      Adam

      I think Amy has a terrific idea, and I wholly agree. It seems rather onerous to not allow users to file simple Estate and Trust Form 1041s, along with their Premier and/or Home & Business versions.

  9. November 18, 2014

    Gina

    More than 10 million in total proceeds for stock transactions. If TT was capable of this I wouldn’t have to move to another program, but this year I will. Just doesn’t work well for active traders.

    • January 11, 2015

      John

      Wow, 10M in total proceeds (kudos for what must be savvy & prudent trading). I’d buy you whatever ax software you’d need in exchange for some stock portfolio tips, given how well you must be managing your portfolio.

  10. November 16, 2014

    dan g

    In the new version just released, after you import the information from your previous years return, and go to enter your wages and income information, you get to a page that lists all of your last years entries (such as bank accounts, w2 forms, stock dividend information etc). It then asks you if these apply to 2014 income? In previous years the default was “yes” and you could go to the next page to enter the information as needed, In the 2014 version, the default is that you must select an answer for each one or you can’t go to the next page to start to enter your information. The only way around it is to use the “forms” method of entering your information.
    Why did they make this change? It would appear to me that this was not a well thought out decision.

  11. November 14, 2014

    Anarchy

    If they just simplified the tax laws, we would not need TurboTax, H&R Block, or any other crook to further rip us off of our hard earned money. God Bless America!

    • November 18, 2014

      Don

      Name one simplification the government has done that has made this easier?

      • November 20, 2014

        Anarchy

        Not THIS government! The next government!

        • January 8, 2015

          NMP

          I think we all need to remember something and that is the tax code has huge business interests involved in its writing. If you think the real estate lobby would let interest deductions on primary residences be stricken in the name of tax simplification, you have another thing coming. Everyone has his or her pet tax deduction and most of them, IE 99% of them won’t be changed without an armed insurrection. Tea Partiers take note: it’s not Obama you have to fight, it’s Wall Street and Wal-Mart. These are the people who make taxes complicated. Taxes will never ever be simplified by either party. You might as well wish to grow wings and fly.

  12. November 11, 2014

    Paul

    I’m disappointed that the State version of Turbo Tax will apparently no longer be available with the federal package.

    • November 17, 2014

      Hoody

      ? I checked and was told that TT Deluxe WILL have one free state D/L

  13. November 3, 2014

    Ann

    Not information is available regarding the Bailey Act.

  14. October 31, 2014

    Bryan

    My version of TurboTax last year could only deal with a 1099s if the sale was my home.

    The reality was that is was a lot, not a home, and TT could not deal with the loss.
    I was using the install version not the online.

  15. October 17, 2014

    S103462

    As one person noted above, I also recently became aware that the TurboTax Deluxe version we have been using for many, many years will no longer support calculation of stocks, bonds, and other investment income (Schedule D); will no longer support calculation of rental property tax deductions (Schedule E); and will no longer support calculation of small business income and expense reporting (Schedule C). Those are pretty dramatic changes that go well beyond software updates adjusted to the changes in the tax code. Ouch!!

    I’m curious as to which version TurboTax is going to put the newest forms to handle the new Affordable Care Act premium tax credit requirements (Forms 1095-A, 8962, 8965, etc.)?

  16. October 14, 2014

    JoeTaxpayer

    Yes, the 2014 edition brings major changes.
    I got my email to preorder and can see that the “Deluxe” edition (That I usually got at Costco for $40 on sale) no longer supports stock transactions or rental property. Their matrix shows that “Premiere” is needed.
    I have to have some blogging income and report this on a schedule C. This requires a bump to “Home & Business.”
    I have no problem paying for the higher level version. It’s worth every cent. I’m just wondering how many folk will get home and realize they bought a version that no longer has the forms they need.

    • October 29, 2014

      John

      The matrix for 2014 is no different than the matrix for 2013.

      • November 10, 2014

        Hunter

        I think there is some confusion between TT2014, for tax year 2013. and TT2015 for tax year 2014. The TT site currently show Deluxe for TY 2014 does not include Schedule D.

      • November 13, 2014

        JoeTaxpayer

        Not true John. Deluxe 2013 had the forms I mentioned. The new grid (list of forms) for the CD purchase is clearly different this year.

  17. September 30, 2014

    TC

    TurboTax needs to be updated in allow the inclusion of income earned in the USVI. It IS an United States territory.

  18. July 19, 2014

    Sue Scardina

    Is there any way to update 2014 tax tables into 2013 TurboTax so I can plan for 2014?
    2014 Turbotax comes out too late for planning. I start in Jan 2014 to plan.
    Thanks Sue

  19. April 6, 2014

    Anna

    Turbotax should make a software product for trust returns utilizable on Macs. Also need Turbotax for Business to work on my Mac.

    I agree with others that it would be useful to have earlier access to input background data and tax plan.

    • September 30, 2014

      Jim

      Simple solution there.

      Stop using Mac, get with everyone else and buy a PC.

      • October 12, 2014

        Larry

        Thanks, Jim, for your thoughtful comment. You might have noticed that some some of us prefer the Mac.

      • November 8, 2014

        Robb

        Who are you? And why do you bother to even be on this site. Snarky non-pertinent responses to a valid question place you in the 12-16 year old category. Go play a video game or something.

  20. November 17, 2013

    REJM

    I am a long time Turbotax user and plan to keep it that way. That said, I converted the 1040 tax worksheet into Excel formulas (it is all simply math anyway) and do my advanced planning for the new year. I know after doing this for 10+ years get very close to the same results I get with TT each year to iclude my state tax exposure. It is great for planning the next year as well as out 5+ years by making a few basic bracket and deductible assumptions. I even included a comparison versus AMT to balance my exposure versus paying regular federal taxes.

    • November 24, 2013

      MCZS-1

      Hi! Very interested if finding out how to convert 1040 tax worksheets into excel file for future tax planning. Husband is retired and would like to pull out IRA to payoff house. Wanting to stay in the 15% tax bracket. I have a fixed income so should be easy to add that. Thanks!

    • November 26, 2013

      Elizabeth Ruso

      How did you convert the tax worksheet into Excel? Would love to be able to do that. Appreciate your advice. Always a challenge trying to come up with estimated taxes. Usually I just do a proforma tax return but would be great to have it I Excel. Thanks.

  21. November 2, 2013

    Powell

    TT need to get a skeleton version of it’s 2013 tax out early so that we have more time to do year end planning. Dec is too late.

    • November 6, 2013

      jim

      For those wanting to plan ahead, if you own an iPad w/IOs7, there is an app that lets to do some advance tax planning prior to the release of the full TT for 2013

  22. October 23, 2013

    Planner

    Would like to see an earlier release date, so I can put preliminary information in, that will help with tax planning for the duration of the year. Even if it has previous years tax code, to be updated when available.

    • October 27, 2013

      Kirbinator

      I agree. I too would like the ability to perform preliminary tax planning with the understanding that not all of the tax code may be coded yet and/or testing is not fully complete.

  23. October 22, 2013

    TurboTax Long-time User

    Actually I rather like being able to purchase TurboTax without the state. TurboTax without the state is much less expensive than with it and I don’t like having to buy something I don’t need. Texas, Florida, Alaska, Nevada, South Dakota, and Washington states do not have an income tax. So I am very happy with TurboTax without any changes at all.

  24. October 22, 2013

    Gina

    I think Turbotax for Corporations should include one or two personal returns for small S Corps with one or two owners.

  25. October 18, 2013

    RJG

    A CPA tells me that as of July 2013 (i.e. now in effect) the foreign “TD F 90-22-1″ forms must be file online (e-filed) directly by the taxpayer. Will TurboTax 2013 offer that capability. Apparently hard-copy paper filing for those forms is no longer allowed,
    ———
    Electronic Filing for FBAR Forms – MANDATORY Beginning July 1, 2013

    On June 29, 2011, FinCEN announced that all FinCEN forms must be filed electronically with certain exceptions. The FBAR was granted a general exemption from mandatory electronic filing through June 30, 2013. E-filing is a quick and secure way for individuals to file FBARs. Filers will receive an acknowledgement of each submission. For more information about FBAR e-filing, read the FinCEN news release [http://www.fincen.gov/news_room/nr/html/20110717.html].

    • September 12, 2014

      Randy Katz

      Hi, from what I can gather I would wager that TurboTax will NOT include the FinCEN for the year 2014 (turbotax 2015). I would in fact be very surprised if it did. On a lighter note I filled out the form last year and it is basically a piece of cake, don’t believe everything you read in the media. You just put your name/address/year and each account and highest balance and that is basically it.

  26. October 18, 2013

    RJG

    PLEASE provide a printable list that shows Estimates, Overrides, Omissions and Errors, one per line.
    e.g.
    TYPE | ROOT? |FORM | LINE/BOX | DESCRIPTION
    I just want a ‘cheat sheet’ so I can research off-line. On that list, indicate the “root cause” problem – I don’t need to know that a 1040 value is “estimated” – I want to know the actual data source which, when fixed, will correct an “upstream” error.
    Format the list so I can cut/paste into Excel.
    Chasing data items that need correction is extremely time-consuming the way it currently works. I believe there was a rudimentary listing several years ago.

  27. September 25, 2013

    Stanley Star

    Since states have free on line prep availability, TT should allow unlimited filing of state returns without additional fees. If you can file the federal for free, the state should be free also.

    • October 3, 2013

      HOODY

      I think so too

    • October 16, 2013

      Janet

      My state (NC) charges a fee if you e-file so I e-file federal but snail mail state. Don’t know how many other states charge a fee.

      • November 1, 2013

        John

        <>

        North Carolina does *not* charge a fee to efile. Similarly, Intuit/TurboTax does not charge such a fee. The charge levied by TurboTax is actually a payment to the intermediary company that actually handles the state efiles. You may be able to get free or low cost North Carolina efiling at:

        http://www.dornc.com/electronic/individual/software.html

        California and New Mexico do not charge a fee to efile.

        • November 6, 2013

          Boggy

          It would be cheaper for the state and more profitable for the “middle man” for the state to eat the cost of e-filing. I do the same – e-file federal, paper for the state. Maybe, one the some government “genius” is going to figure it out, what is the best for the state, you know, the big picture.

  28. September 19, 2013

    James

    Can I open a data base for my 2013 return even though I have never used TurboTax? Basically getting a head start with basic information and importing account numbers and investment company accounts. Thanks

  29. September 18, 2013

    JuniorG

    Need Turbo Tax for Business for MAC

  30. August 31, 2013

    trader x

    Increase the alowable trade entries for investments and get rid of the limit of 9 digits. A moderately active trader will easily go over total stock sales of 10 million ( thats 4 trades a day of $12,500 ) Not that much!

    • November 18, 2014

      Gina

      I have the same issue. I’m going to have to get different software or find a friend who will let me use a more powerful program. TT will lose a lot of money from people who would have use their product. They’d be better off getting up to speed with the needs of active traders.

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Rebecca EvansWritten by Rebecca

This article was written by Rebecca Evans, an expert on software discounts and news. Connect with her on Google+

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