By now you should know that I’m a huge fan of TurboTax. I’ve used it myself for over 10 years, and even after trying out some of the competitors, I’ve decided that TurboTax is the best choice for individuals looking to do their own taxes.
Since it’s almost tax time, I wanted to give away 5 free copies of TurboTax Premier – that’s $250 in free products! Plus, it’s something that you just need to do!
Earlier, we talked about When Can I File My 2013 Taxes, and the time is now! Even though the IRS isn’t processing returns until January 31, there is no reason that you can’t start doing your returns in TurboTax.
Why TurboTax Premier?
Why am I giving away TurboTax Premier? Because this is the level of TurboTax you want to use if you’re going to be dealing with investment income.
TurboTax Premier is the level that you need if you own stocks and bonds, hold mutual funds, or have rental properties. This will handle everything you need for investment income – which we’re all about. As I compared in my review of the best online tax software, I think that TurboTax is the easier system to use, even though the price is a little more than H&R Block for the same level of income tax return.
TurboTax Premier is a $49.99 value, and I’m going to be giving away five (5) copies of it this month!
How Else Can I File My Taxes For Free With TurboTax?
Many people want to know if there is a free version of TurboTax this year…and the answer is YES!
If you have a simple return, and qualify to file a Simple 1040 or 1040EZ, you can file your federal return for free using TurboTax.
Here are the requirements for free TurboTax:
- Your filing status is single or married filing jointly.
- You do not claim any dependents.
- You do not claim any adjustments to income.
- The only tax credit you can claim is the Earned Income Credit
- You were under 65 years of age during 2012
- Your taxable income was less than $100,000
- You only had wages, salaries, tips, scholarships or fellowships, unemployment compensation, or the Alaska Permanent Fund, and your taxable interest was less than $1,500
- Your tips are included on your W-2
- You are not in Chapter 11 Bankruptcy
For more information on whether you qualify for free filing, check out the IRS website: IRS Checklist.
Check out this link to file your taxes for free: Free TurboTax, and select Free Edition. This program is subsidized by the Federal Government, so that you can file your taxes for free. Many states offer similar programs, but not all, so check before you file.
The Free Turbo Tax Premier 2014 Giveaway
For the next 14 days, I’m giving away five free TurboTax copies for readers of The College Investor. These will be copies of the online version of TurboTax Premier. If you need something different (say Home and Business), you’ll receive a credit for $49.99 so that you can upgrade as necessary and file your taxes appropriately.
This giveaway will end on February 10, 2014 at 11:59pm. Good luck!