Getting Started: How To Prepare Your 2019 - 2020 Tax Return With TurboTax

TurboTax 2019 - 2020 Desktop Software

TurboTax Software is a CD/Download suite of products including these editions - Basic, Deluxe, Premier, Home & Business and Business. See below for More Information.

For the Free Edition and Free Estimator & Calculators, see - TurboTax Online Tax Preparation

Whatever your skill level, you will find the easy to follow format guides you with tips that simplify the tasks and walk you through your return preparation step by step in a easy to understand procedure.

With easy and FREE to use calculators, you can save more money on your taxes than ever before.

Intuit TurboTax Basic

Does the Hard Work for You
Asks Easy Questions, Tailored to You — Guides you step by step through your return, then puts your answers on the right forms for you.

Intuit TurboTax Deluxe

Finds All the Deductions You Deserve,
Maximizes Your Deductions — Asks simple questions about your income, family situation and changes in your financial situation. Then, based on your answers, searches for more than 350 deductions to get you the biggest refund—guaranteed.

Intuit TurboTax Premier

Helps You Get the Most from Your Investments and Rental Property
Imports Your Investment Info — Saves time by automatically importing your investment info directly from your financial institution. Premier edition Helps You Accurately Report Investment Sales — Walks you through reporting sales of stocks, bonds and mutual funds. Automatically calculates capital gains/losses and keeps track of those that carry over to future returns.

Intuit TurboTax Home & Business

Personal & Business in One

Has Everything you need to easily do your personal and business taxes. Home and Business Also includes everything in the Premier edition.

Intuit TurboTax Business

Corporations, Partnerships & LLCs

You don’t need to know a thing about business taxes. Its customized interview tailors itself to your type of business (corporation, partnership, or multi-member LLC) and provides extra guidance to simplify your preparation and help you maximize savings. Just answer simple questions and let the program do the work.

TurboTax is an American preparation and filing suite of products initially developed by Michael A. Chipman of Chipsoft in the mid-1980s. It became an Intuit product due to an acquisition in 1993 of its creator, San Diego-based Chipsoft. Now known as Intuit Consumer Tax Group, it is still based in San Diego, where it moving into a new office complex in 2007. Intuit Corporation is headquartered in Mountain View, California.

TurboTax currently offers one of the most popular tax software packages in the United States.


There are a number of different versions, and they are available for both federal and state income returns. This product is designed to guide users through their returns step-by-step.

Generally, federal editions are released late in the year around December, and the state editions are released in mid-January to mid-February. They normally release new versions as soon as the IRS completes revisions to the forms and approves the programs. The process is similar for those states that collect state income taxes.

In 2005 TurboTax extended its offering by allowing any taxpayer to use a basic version of its federal product for free as part of the Free File Alliance. By 2006 that offer has been limited to free federal online preparation and e-file for taxpayers whose adjusted gross income is $28,500 or less (or $52,000 for those in the military) and those 50 or under.

With any version, you can either choose to e-file your taxes and submit them electronically once you have finished entering all of your information, or you can print and mail them. Federal e-filing is included in the price of your program, but you do need to pay an additional fee to e-file your state taxes. E-filing typically allows consumers to receive their refunds faster.

As you use the software to enter financial information and answer questions, you’re also given the option to submit questions to the online community and to receive help if something doesn’t make sense and you need additional support. I’ve asked several questions in previous years, and within a few hours received extremely helpful answers from other users who got me moving in the right direction.

Desktop version – These are the TurboTax desktop versions you download from their website and install on your computer. It is very easy to install but some users might not be comfortable installing software on their own. You also need to have a computer that is new enough and fast enough to handle the newest versions. The perceived benefit of the desktop version is that your financial information is not stored somewhere on the internet. Plus you can work on your return without the need of an internet connection.

It's a great choice so give it a try...