Turbotax free file program

Does TurboTax offer free filing?

TurboTax offers free filing for taxpayers with Simpler Tax situations. They need to directly submit Form 1040 as tax return online. TurboTax free Edition eases tax filing for individuals with W-2 income & Standard deductions. For taxpayers with complex tax situations with itemized deductions or earning from any Business source then it won't help them much.

If you've limited credits on your income then too you can get free filing services.

• Head on to official turbotax website. Tap on the 'Start For Free' button.

• Choose the most appropriate option to answer upcoming prompt.

• Now, Sign Up turbotax account or Login if already have one created earlier.

• Further, answer the questions as per your tax situation.

• Then, with prompts complete your tax return online.

• Mention any eligible tax credits or deductions you qualify for.

• Once review it. Ensure to include all relevant tax details into it.

• Submit it to e-file your tax return. And keep a copy of your return.

  Who can use Free File?

Individuals who are filing Form 1040 in their tax return are eligible to file for free. The TurboTax Free file program is as per IRS laws and guidelines. Even Military members can apply for the Turbotax Free Edition online filing.

All in all, TurboTax is Free for all Simple Tax returns with no bar on the AGI (Adjusted Gross Income). TurboTax offers e-filing with several tax tools & calculators. Besides, you can login your account with its interface.

 Service Code for TurboTax Free File

Service Code is special code used to get discounts on the Turbotax product you bought. This code is generated by Intuit Customer Service to offer discount on its various products.

What are the limitations of TurboTax Free Edition?

Though TurboTax Free Edition files taxes at no cost while offering ultimate tax e-filing advantages for accurate tax preparation, it has certain limitations-

• Individuals with AGI higher than $73,000 cannot participate on TurboTax Free File Program.

• Only individuals with Simple tax situations can file return using it.

• Basic Forms like Form 1040 can be e-filed with free edition.

• It doesn't allows filing of itemized deductions or credits.

• Business owners or Self-Employed can't do taxes for free.

• Individuals with capital gains or rental property are not eligible for it.