How Much Does TurboTax Cost? Pricing Breakdown for 2024 Tax Filing

Discover TurboTax pricing for 2024 including Basic, Deluxe, Premier, and Self-Employed packages with federal and state filing fees explained.

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The cost of TurboTax depends on the service level you choose. The Basic package is designed for simple tax returns and is free for federal filing, but state filing may incur a fee. The Deluxe package, aimed at maximizing tax deductions and credits, typically costs around $60 for federal filing. The Premier and Self-Employed packages, suitable for investments, rental properties, and business income, range from $90 to $120 for federal filing. Additional fees apply for state filing across all packages.

FAQs & Answers

  1. Is TurboTax Basic really free for federal filing? Yes, TurboTax Basic offers free federal filing for simple tax returns, but there may be a fee for filing state taxes.
  2. How much does TurboTax Deluxe cost? TurboTax Deluxe generally costs around $60 for federal filing and is designed to help maximize tax deductions and credits.
  3. Are there extra fees for state tax filing with TurboTax? Yes, TurboTax charges additional fees for state tax filing across all service packages.
  4. What packages does TurboTax offer for self-employed taxpayers? TurboTax provides the Self-Employed package, which costs $90 to $120 for federal filing and is tailored for freelancers and small business owners.

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If you're interested in learning more about maximizing your tax returns or other tax software alternatives, check out our related guides on tax deduction tips and comparisons between TurboTax and competitors like H&R Block and TaxAct.

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