Are you tired of shelling out money every year just to file your taxes? Well, you’re in luck because TurboTax has been helping millions of Americans file their taxes for free over the past decade. In fact, the number of tax returns filed for free using TurboTax surpasses all other tax prep software companies put together.
Discover the various ways you may be eligible for free tax filing with TurboTax!
- TurboTax Free Edition
TurboTax Free Edition is tailor-made for individuals with simple 1040 tax returns. What qualifies as a simple return, you ask? It includes situations such as W-2 income, limited interest and dividend income, IRS standard deduction, Earned Income Tax Credit (EITC), Child Tax Credit, student loan interest, and taxable qualified retirement plan distributions.
- TurboTax Mobile App Offer
For all newcomers to TurboTax or those who didn’t use it last year, there’s an exciting offer for you. You can now file your taxes for free using the TurboTax mobile app before February 18, 2024, irrespective of your tax complexity. Yes, you read that right – absolutely free!
- Free TurboTax for Military Personnel
Are you an enlisted active duty or reserve military member? Intuit, the parent company of TurboTax, has something special for you. You can enjoy free federal and state tax filing with TurboTax, provided you are in the E-1 to E-9 rank and have a W2 from DFAS.
But what about tax complexity?
A simple Form 1040 return entails using IRS Form 1040, with a few exceptions like the EITC, Child Tax Credit, student loan interest, and taxable qualified retirement plan distributions. Certain situations that qualify for free filing include W-2 income, interest or dividends not requiring Schedule B, and more. For more detailed information on your eligibility, you can check here.
Curious how TurboTax makes money? While offering free tax filing, TurboTax also provides paid services beyond a simple Form 1040 return. These premium features are optional, and the company’s revenue comes from customers who opt for these benefits.
In Conclusion, whether you’re a military service member or a civilian, TurboTax offers multiple pathways to help you file your taxes hassle-free. So, take advantage of these free filing options to ease your tax season blues!
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