TurboTax 2017: A Comprehensive Guide to Free Filing
Tax season can be a daunting time, but with the right tools, it can be a breeze. TurboTax, one of the most popular tax preparation software, has been a lifesaver for many. But the question on everyone's mind is: "Is TurboTax free in 2017?" Let's dive into the details and find out.
Understanding TurboTax's Free Option
TurboTax offers a free version of its software, but it's important to understand what "free" means. The free version, known as TurboTax Free Edition, is designed for simple tax returns. It's ideal for taxpayers with W-2 income, Earned Income Tax Credit (EITC), or child tax credits. However, it doesn't cover more complex tax situations like freelance income, investments, or rental income.
Who Can Use TurboTax Free Edition in 2017?
TurboTax Free Edition was available for the 2017 tax year, but it's crucial to note that the IRS defines the tax year based on the calendar year. Therefore, the 2017 tax year refers to income earned and taxes paid in 2017, with the deadline for filing being April 17, 2018. If you're eligible to use TurboTax Free Edition for the 2017 tax year, you can still do so, even if you're filing your taxes in 2022.
Eligibility Requirements
- W-2 income (wages, salaries, tips, etc.)
- Earned Income Tax Credit (EITC)
- Child tax credits
- Income less than $100,000
What If My Tax Situation is More Complex?
If your tax situation is more complex, you'll need to upgrade to a paid version of TurboTax. Here's a quick comparison of the different versions:
| TurboTax Version | Price | Features |
|---|---|---|
| TurboTax Free Edition | Free | Simple tax returns, W-2 income, EITC, child tax credits |
| TurboTax Deluxe | $40 (Federal) + $40 (State) | All features of Free Edition, plus deductions and credits for homeowners and investors |
| TurboTax Premier | $70 (Federal) + $40 (State) | All features of Deluxe, plus support for rental income and cryptocurrency |
| TurboTax Self-Employed | $90 (Federal) + $40 (State) | All features of Premier, plus tools for freelancers and small business owners |
Maximizing Your Refund with TurboTax
Regardless of which version of TurboTax you use, you can be confident that you're getting the most out of your refund. TurboTax guides you through the filing process, ensuring you don't miss any deductions or credits. Plus, with TurboTax's Maximum Refund Guarantee, you'll get the biggest refund possible, guaranteed.
In conclusion, while TurboTax offers a free version for simple tax returns, many taxpayers will need to upgrade to a paid version to cover their specific tax situation. But with TurboTax's user-friendly interface and comprehensive support, you can be sure you're in good hands.
