Question: Which tax software do I need - Basic, Deluxe, or Premium?
Tax preparation software comes in many different "flavors" and sometimes it is confusing to decide which version of tax software will work for your tax preparation needs.
Answer: Basic or standard tax software will walk you through preparing a simple return and will check for errors and e-file for you. Use only if you do not itemize deductions.
Deluxe tax software offers help with preparing taxes involving itemized deductions related to mortgages, charitable contributions, etc. Deluxe versions provide more documentation on specific tax topics, both in written and video formats.
Premiere or premium tax software has support for investments and small business deductions. This level of tax software offers even more documentation and resources to research all tax topics in written and video format.
Before you buy tax software verify whether the price includes a state return if you want to use the software to file a state return. Check on prices for electronic filing as well if you plan to e-file instead of printing out and mailing your tax return in. The price of the tax software does not usually include e-filing fees.
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