TurboTax also includes a K-1 form for estates and trusts. In addition to the scores of filing forms for every kind of incorporated business, TurboTax allows you to create unlimited W-2, 1099-MISC, 1099-INT, and 1099-DIV forms for your employees, contractors, and other business associates. The following features were just some of the highlights that we found. Intuit TurboTax FeaturesĮven though there are multiple service tiers under the Intuit TurboTax umbrella, small business owners should choose either the TurboTax Self-Employed online package or the TurboTax Business application. Key takeaway: Intuit TurboTax offers multiple service tiers and downloadable solutions that provide a comprehensive tax filing experience, though it costs more than other tax software applications. Whether you purchase a physical CD to install the software on your computer or opt to download it straight from the internet, this option still utilizes an internet connection to check for errors and file your taxes electronically. This option costs $170 for federal tax filing, $55 per state filing and free federal e-filing functionality. There’s also an option to choose the Self-Employed Tax Bundle, which includes QuickBooks Self-Employed, for $12 per month.įor more involved small business tax filing, there’s TurboTax Business. Still, you get to start the process for free. At $120 for federal tax filing and $50 per state with free federal e-filing capabilities included, this service is among the higher-priced offerings in our roundup.
These three tiers, ranging from free to $90 for federal filings, increase in price and complexity as things like tax deductions and credit maximizations and taxes on investments and rental properties are included.Īs a small business owner, the online tier suited to you is the fourth online service tier: Self-Employed. The first three service tiers for TurboTax’s online service are more suited for personal taxes. The right tier for you largely depends on the complexity of your business tax needs. Each comes with its own set of features and functionality, with the higher price tiers offering a more complete experience. Intuit TurboTax, like other online tax software solutions, offers multiple service tiers. To understand how we chose Intuit TurboTax, you can find our methodology and a list of tax software vendors on our Best Online Tax Software for Business 2022 page. We chose Intuit TurboTax from a range of online tax software options.
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