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TurboTax 2011 Versions, Prices and Features

TurboTax Income Tax Software

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Looking for the latest TurboTax info? See TurboTax 2012 Versions, Prices and Features

TurboTax Deluxe and higher versions Windows and Mac desktop software includes one state return, free efile for up to 5 federal returns and unlimited printed returns. Additional state returns cost $39.95 plus $19.95 for state e-file for desktop versions. All TurboTax versions include live tax advice from tax professionals via phone or email this year.

Unless otherwise noted, all TurboTax Online versions include one federal return with e-file, and online state returns cost $36.95 ($27.95 for Free Edition).

TurboTax also offers and iPhone tax app and an Android tax app for basic returns, and an iPad app for more complicated returns.

Updated 01/19/2012, prices subject to change.

TurboTax Free Edition (Online Only)

TurboTax Free Edition for doing taxes online.
Getting Started with TurboTax Free EditionIntuit Inc.
TurboTax Free Edition is online tax software for very simple income tax returns and with no income limits (IRS Free File program does). Free Edition includes error checking and an accurate calculations guarantee. Audit Support Center download, guidance for life changes that impact income taxes

TurboTax Free Edition does not import W-2 or other income data, or last year's TurboTax return, so you will have to enter these numbers with guidance from the software in this version. TurboTax Free will nudge you to buy higher version as you go through your return, whether you really need more help or not, but it's a good place to start your tax return if you're not sure that you need to use a higher version. Free tax help via chat or email, or online in the Live Community and tech support are included.

TurboTax Free Edition includes one free federal e-file.

TurboTax Basic Online or Windows/Mac Desktop

TurboTax Basic tax software.
TurboTax BasicPhoto Courtesy of PriceGrabber
TurboTax 2011 Basic is identical to the free version, but it includes features for importing or transferring W-2 and 1099 data, last year's TurboTax return and data from ItsDeductible and Mint.com. TurboTax Online products do not import data from Quicken, but the desktop versions can. TurboTax will import prior year tax data from a PDF of last year's return created with any tax software.

TurboTax Basic Online retails for $19.95 and includes 1 e-file. State return costs noted above.

TurboTax Basic for PC or Mac retails for $29.95 and includes 5 federal e-files.

TurboTax Deluxe Online or Windows/Mac Desktop

TurboTax Deluxe 2011 box shot.
TurboTax Deluxe 2011Image Courtesy of Intuit
TurboTax 2011 Deluxe includes all the features in TurboTax Basic along with tools for taking itemized deductions.
  • Deduction Maximizer covers 350 tax deductions and credits.
  • Includes ItsDeductible for tracking tax deductible charitable contributions.
  • Audit Risk Meter.

TurboTax Deluxe Online costs $29.95 and includes 1 e-file. State return costs noted above. TurboTax Deluxe desktop includes 5 federal e-files and a state return, and retails for $59.95. Additional state and federal return information noted above.

TurboTax Premier Online or Windows/Mac Desktop

TurboTax Premier 2011 works well for people who have investment income or losses.
TurboTax Premier 2011Image Courtesy of Intuit
TurboTax Premier has all the features in TurboTax Deluxe, with support for reporting investment gains and losses, rental property income and deductions and employee stock purchase plans.

  • Tax-saving advice for 401(k)s and IRAs and 401K Maximizer tool.
  • Guidance for stocks, bonds, mutual funds, employee stock plans.
  • Cost Basis Lookup tracks and calculates cost basis.
  • Reporting rental property income, expenses and refinancing.

TurboTax Premier Online retails for $49.95 and includes 1 e-file. State return costs noted above.

TurboTax Premier desktop includes 5 federal e-files and a state return, and retails for $89.95. Additional state and federal return information noted above.

TurboTax Home & Business Online or Windows/Mac Desktop

TurboTax Home & Business for self-employed
TurboTax Home & BusinessPhoto Courtesy of PriceGrabber
TurboTax Home & Business includes all the features in TurboTax Premier and an expanded interview that covers Schedule C for self-employment

  • Identifies deductions for travel, home office, vehicle expenses and other tax deductions.
  • Special section for new business start-up deductions.
  • Transfers data from QuickBooks.
  • Prepares and prints W-2 and 1099 forms for employees and contractors.

TurboTax Home & Business Online retails for $74.95 and includes 1 e-file. State return costs noted above.

TurboTax Home & Business desktop includes 5 federal e-files and a state return, and retails for $99.95. Additional state and federal return information noted above.

TurboTax Business - Windows Only

TurboTax Business Small Business Tax Software for LLC, S Corp, Partnerships, C Corp
TurboTax BusinessPhoto Courtesy of PriceGrabber
TurboTax Business is for S Corps, partnerships, C Corps, or multiple-owner LLCs. TurboTax Business includes the features in the Basic version (see above) with the Audit Risk Meter, rental property tools, and Schedule C features.

TurboTax Business prepares Forms 1120S, 1065, 1120, and 1041 (estates and trusts).

  • Interview maximizes business deductions by providing an industry-specific information on deductible and non-deductible expenses.
  • Calculates and prints W-2 and 1099-MISC forms.
  • Depreciation calculations and reporting.
  • Multiple business support.
  • Imports data from QuickBooks 2007 and later.

TurboTax Business retails for $129.95 and includes one e-file. TurboTax Business State retails for $49.95 and includes one e-file.

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