Free TurboTax 2012 Premier Giveaway and Review

TurboTax 2012

It’s a little bit over 2 months until the tax deadline, have you started doing your taxes yet?

If you haven’t, you may want to consider giving TurboTax a try.  I have used TurboTax for years, and I love how easy it always is to input all of my information.  Furthermore, each year, TurboTax makes it easier to automatically gather your information.

Do you use Quicken or Mint?  If you do, TurboTax can easily import all of your information automatically.

Just like last year, I’m going to give away a FREE copy of Turbo Tax Premier – which is designed for individuals who own investments and rental property.  This is a $50.00 value!

The great feature about TurboTax is that there are options for you to file your taxes for free!  Not only that, but you can start your taxes on any level of TurboTax for free, and you only pay when you file.  That is awesome if you want to see how your tax liability is panning out prior to filing in April.

Check out the link, and learn how you can get free federal e-file!

Here is some basic information about the different levels of TurboTax.


Free Turbotax 2012 Edition

The TurboTax Federal Free Edition is designed for individuals who don’t need much tax guidance.  It handles wages and income, as well as deductions such as mortgage interest, childcare, or medical expenses.

This edition is designed for individuals who file a Form 1040, Schedule A (Itemized Deductions), Form 1040A, Schedule B (Interest and Dividend Income), and 1040EZ.  If you have investments or own a business, you need a different version.


TurboTax Deluxe

If you need a little more help, or want the system to walk you through your return, this is the edition you should consider.  It has everything the Federal Free Edition has, but it has additional guidance to help you find and maximize your deductions.

This version is best if you own your own home, donated to charity, have significant education or medical expenses, have childcare expenses, or lots of other deductions.


TurboTax Premier

TurboTax Premier is the version we are giving away for the 2012 Free TurboTax Premier Giveaway!

This version is designed for individuals who sold stocks, bonds, mutual funds, or options for an employee stock plan.  It also is designed for individuals who own rental property or are the beneficiary of a trust or estate (and received a K-1 form).

This is the version I have used for years, and it is extremely helpful at managing investment gains and losses, and making sure that you track everything correctly.


TurboTax Home and Business

Finally, TurboTax Home and Business is designed for individuals who own their own business.  It includes everything the Premier version has for investments and rental property, plus the tools you need for your business.

This version is the right choice for you if you are a sole-proprietor, consultant, 1099 contractor, or single-member LLC.  It is also a good version if you must prepare W-2 or 1099-MISC forms for your employees or contractors.


Turbo Tax 2012The TurboTax 2012 Giveaway

This year, I’m giving away a free copy of TurboTax Premier Edition.  This usually retails for $49.95!

The contest runs from today until Saturday, February 25, 2012 at 11:59PM PST.

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  1. Cheska says

    I love TurboTax as well! But I recently got married and opened an investment account. I haven’t sold anything so there are no capital gains yet. In this case, the free edition, would still work right?

  2. Teresa Bell-Stockman says

    Never used turbo tax. Been doing my taxes myself for the past 30 years. Past few years IRS has made some corrections. wondering if I need some help with capital gains, ordinary dividends and sale of mutual stock.

  3. Trebor says

    I have been using Turbo Tax for years. It is a great product and Intuit is a very reputable company. Being retired and of limited income it is becoming harder and harder for me to afford this great product. I’m not sure the online version will work for me… besides, I don’t like the idea of doing my taxes online – my little quirk.

  4. JANET says

    I like TurboTax and have been using it for years to organize my documents. But I always give it to a tax preparer for a final look. For the last few years the IRS has gotten tricky – so keep all of your supporting materials and correspondence. They are out for YOUR money.

  5. Idella says

    Robert, Thank you for the review. Although I realize that Premier is “designed” for rental property, can the Deluxe version also be used for rental income and deductions? Thanks!

  6. Gloria says

    So if I have stocks, I can’t use the basic or delux, I’d need the Premier? I’d love a copy please consider me.

    • says

      Yes, if you earned income from stocks via dividends, or sold stocks and had a capital gain or loss, you need to get the premier version. The exception is if everything is in a retirement account and you had no taxes associated with owning stocks, you don’t need the Premier version.

  7. Tom Freeman says

    I took an early withdrawal from a 401k/ira account do i need premier or will deluxe work. If i need premier i hope i win!

  8. robert chan says

    I have been using Turbotax for more than 10 years using either deluxe or premier visions without too much trouble. But oddly I did experienced last year that my Federal carry-over investment gain/loss did not transfer correctly to my state filing which resulted in my state amended tax return the following year. A hard copy review between your federal and state return print out is strongly suggested, in case the software glitch.

  9. Haldon says

    I got tired of paying a preparer and not getting the responsiveness I need so I started taking matters into my own hands. TurboTax got the job done for me last year and I intend to use it going forward.

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