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asked in Tax Planning by anonymous
is turbotax plus worth it

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answered by (19.8k points)

It depends.

It depends on your specific situation. If you want the convenience of having your previous year’s information, such as your name, address, and workplace, automatically transferred to the new year’s forms, or you want to have the ability to access your prior year’s tax returns at a later date, then the extra cost may be worth it

TurboTax is among one of the most popular, with millions of annual users.

TurboTax PLUS isn’t a version of the tax software you can start out with. In fact, it’s only available to previous Federal Free Edition users who needed to upgrade for tax complications or convenience reasons.

TurboTax PLUS includes everything in the Federal Free Edition, plus:

  • Import and transfer previous-year tax returns. TurboTax PLUS eliminates the biggest downside of its Federal Free Edition by allowing users to import their previous year’s tax return, whether they filed it with TurboTax or a competitor.
  • 5% federal refund bonus: Opting to receive your federal refund as an Amazon gift card will earn you an extra 5% on the refund amount.

TurboTax PLUS Cost:

  • Federal: $27.99
  • State: $36.99
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