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Intuit TurboTax 2019 Overview

Intuit TurboTax is a popular tax preparation software developed by Intuit. It's designed to guide users through the tax filing process, making it easier to prepare and file taxes. TurboTax offers various editions to cater to different needs, including:

• TurboTax Free: For simple tax returns.
• TurboTax Deluxe: For more complex returns, including itemized deductions.
• TurboTax Premier: For investments, rental income, and self-employment.
• TurboTax Self-Employed: For freelancers and business owners.

1. Free Edition

• Best For: Simple tax situations (W-2 income only, standard deduction).
• Limitations: In 2019, this version was strictly for 1040EZ/filers taking the standard deduction. It did not support Schedule A (itemized deductions), Schedule C (contractor income), or stock sales.
• Critique: While advertised as "Free," it aggressively upsold users to the Deluxe version the moment they entered a deduction not covered by the standard rules.

Comprehensive Review: Intuit TurboTax 2019 (All Editions)

Verdict: The Gold Standard with a Premium Price Tag Intuit TurboTax 2019 Overview Intuit TurboTax is a

For the 2019 tax year, Intuit’s TurboTax maintained its position as the dominant force in the DIY tax software market. Known for its exceptionally user-friendly interface and robust import features, TurboTax 2019 was designed to navigate the complexities of the Tax Cuts and Jobs Act (TCJA), which was still relatively new for many filers. While it remains the most expensive option on the market, the 2019 version justified its cost for many users through sheer ease of use and audit support features. TurboTax Free : For simple tax returns

3. Premier

• Best For: Investors and rental property owners.
• Key Features: This edition covered everything in Deluxe plus support for stocks, bonds, ESPPs, and rental property income/expense tracking (Schedule E).
• Strength: The 2019 version excelled at importing cost bases from major brokerages, saving hours of manual entry. The "rental property wizard" guided users through depreciation calculations, which is often a nightmare for DIY landlords.

2. Deluxe

• Best For: Homeowners and those who itemize deductions.
• Key Features: This was the most popular tier for 2019. It supported mortgage interest deductions (Schedule A), property taxes, and charitable donations. It also included the "ItsDeductible" tool for valuing non-cash donations.
• Critique: A significant point of contention in previous years was that the CD/Download version of Deluxe did not allow users to file Schedule D (investments) or Schedule C (business) without upgrading to Premier or Home & Business. This limitation persisted in 2019, frustrating users who wanted a middle-ground price point.

Features

• Guided Interview Process: TurboTax walks you through the tax filing process with straightforward questions.
• Automatic Calculations: The software calculates your tax bill or refund.
• Import Features: You can import W-2s, 1099s, and prior year tax returns.
• Audit Protection: Offers support if you're audited.

Security and Support

• Security: Intuit emphasizes security, with encryption and other measures to protect your personal and financial information.
• Support: Various support options are available, including online help, community forums, and phone support.

TurboTax 2019 Editions

TurboTax offers various editions for the 2019 tax year, catering to different needs: step by step

1. TurboTax Free: For simple tax returns.
2. TurboTax Deluxe: For more complex returns, including itemized deductions.
3. TurboTax Premier: For investments, rental income, and self-employment.
4. TurboTax Self-Employed: For freelancers and business owners.
5. TurboTax Business: For small businesses.

Features and Benefits

• Guided Process: TurboTax walks you through your tax return, step by step, making it hard to miss a deduction or credit.
• Import Capabilities: Easily import W-2, 1099, and other forms directly from participating employers and financial institutions.
• Accuracy and Completeness: The software performs accuracy checks and completeness reviews to ensure your return is accurate and complete.
• Maximum Refund Guarantee: TurboTax promises you'll get the maximum refund you're entitled to.
• Audit Support: Offers support if you're audited by the IRS.