To unlock the full potential of TurboTax 2020, you'll need to install the software using your unique 16-digit license code. This code is the key to accessing TurboTax's expert guidance, accurate calculations, and comprehensive tax preparation tools, ensuring you get the maximum refund you deserve.
TurboTax 2020 is the software version of TurboTax designed for filing taxes for the 2020 tax year. It helps users prepare and file their federal and state income tax returns electronically. The software guides users through a step-by-step process, ensuring they take advantage of all eligible tax deductions and credits. It also provides support and resources to help users understand tax laws and complete their returns accurately.
Editions of TurboTax 2020:
TurboTax 2020 is available in various editions, including:
TurboTax Free Edition: For simple tax returns (Form 1040A and 1040EZ)
TurboTax Deluxe: For individuals with deductions and credits
TurboTax Premier: For investors and self-employed individuals
TurboTax Self-Employed: For self-employed individuals and small business owners
TurboTax Business: For small businesses and corporations
To file your taxes using TurboTax 2020, follow these steps:
Purchase TurboTax 2020: You can buy the software from Install TurboTax with License Code 2020 or authorized retailers like Amazon, Costco, Best Buy, etc.
Download and Install: Once purchased, download and install the software on your PC or Mac. Note that TurboTax 2020 cannot be used on mobile devices.
Sign In or Create an Account: Open the software and sign in or create an account.
Enter Your Information: Follow the step-by-step prompts to enter your personal information, income details, deductions, and credits.
Enter Your License Code: When prompted, enter your license code to unlock the software.
Review and File: Review your tax return for accuracy, then print and mail it to the IRS and your state tax agency, as e-filing is no longer available for 2020 returns.
Mail Your Return: Use a mailing service that provides tracking, such as UPS or certified mail, to ensure your return reaches the IRS and state tax agency.