RE: TurboTax Deluxe Cost

How much does it cost to purchase and implement TurboTax Deluxe?
What is the break-down cost of licenses, maintenance and support, installation, customization, data migration and training?

admin Vice Professor Asked on July 3, 2024 in Tax.
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1 Answers

Software price

TurboTax Deluxe is priced at $60 for a federal return. State returns are an additional $45 per state.

Plans compared

TurboTax offers different plans based on the complexity of your tax situation. The Deluxe plan is suitable for maximizing tax deductions and credits, including those for homeowners and those who have made charitable donations.

Plans fit

The Deluxe plan is best for individuals and families with more complex tax situations, such as homeowners, those who have made charitable donations, and those with various deductions and credits to claim.

Other cost

There are no additional implementation costs as TurboTax is a software that can be easily downloaded and used on your personal device. There may be additional costs for live CPA assistance if needed.

One time fees

There are no specific hardware requirements for TurboTax Deluxe, as it can be used on any personal computer or mobile device. There are no significant one-time fees associated with the software.

Alternatives compared

Compared to alternatives like H&R Block and TaxAct, TurboTax Deluxe is priced similarly for its Deluxe version, offering competitive features for maximizing deductions and credits.

Verdict

TurboTax Deluxe is competitively priced for individuals and families with more complex tax situations, offering robust features for maximizing deductions and credits. It provides good value for its price point, earning a pricing grade of 85 out of 100.

Vice Professor Answered on July 3, 2024.
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