Getting Started: How To Prepare Your 2023 - 2024 Tax Return With TurboTax

TurboTax State 2023 - 2024 Editions

Instantly transfer all of your personal Federal Tax information into your TurboTax State program, answer a few specific questions and you're done! Print your return or file electronically to get your refund faster.

Intuit Turbo Tax State Software

TurboTax programs are faster, easier and friendlier than ever with new enhancements to the Interview process.

TurboTax Individual States

Your federal info will transfer automatically. You’ll be half way finished before you even start your state return.

With Basic: Prepare and print up to five (5) returns

With Deluxe, Premier, and Home & Business:

INCLUDED. Prepare and print up to five (5) returns for one state at no extra cost. $ per additional state

You can easily Prepare Multiple Returns and File Online

TurboTax makes it easy to prepare multiple returns. They determine for you which state filing order will get you the maximum deductions. Your first is included with Deluxe, Premier, and Home & Business CD/Download. If you choose TurboTax Basic CD/Download or TurboTax Online, TurboTax State must be purchased separately. You will need to buy additional programs if your situation requires you to file in multiple regions.

Efile for a Quick Refund

Efile your return to get confirmation and a speedy refund. Or print and mail your return if your prefer, It's up to you.

Here at PrepareIncomeTaxes.Com we provide US tax help for anyone living in any of the following states and overseas,

Alabama AL, Alaska AK, Arizona AZ, Arkansas AR, California CA, Colorado CO, Connecticut CT, Delaware DE, District of Columbia DC, Florida FL, Georgia GA, Hawaii H, Idaho ID, Illinois IL, Indiana IN, Iowa IA, Kansas KS, Kentucky KY, Louisiana LA, Maine ME, Maryland MD, Massachusetts MA, Michigan MI, Minnesota MN, Mississippi MS, Missouri MO, Montana MT, Nebraska NE, Nevada NV, New Hampshire NH, New Jersey NJ, New Mexico NM, New York NY, North Carolina NC, North Dakota ND, Ohio OH, Oklahoma OK, Oregon OR, Pennsylvania PA, Rhode Island RI, South Carolina SC, South Dakota SD, Tennessee TN, Texas TX, Utah UT, Vermont VT, Virginia VA, Washington WA, West Virginia WV, Wisconsin WI, and Wyoming, WY

State Taxes by Region

Taxes are increasingly important to everyone, but retirees have extra cause for concern since their income may be fixed. If you plan to move to another state when you retire, examine the tax burden you’ll face when you arrive.

States continually raise revenue in many ways including sales taxes, excise taxes, license taxes, income taxes, intangible taxes, property taxes, estate taxes and inheritance taxes. Depending on where you live, you may end up paying all of them or just a few.

Many times people planning to retire will use the presence or absence of a state income tax as a factor for determining a retirement destination. This is a serious miscalculation since higher sales and property taxes can more than offset the lack of this. The lack doesn’t necessarily ensure a low total burden.

Personal State Income Tax

A total of 41 states impose income taxes. New Hampshire and Tennessee apply it only to income from interest and dividends. Seven states (Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming) do not.

Of the 41 with a broad-based income taxes, 35 base it on federal returns, typically taking a portion of what you pay the IRS or using your federal adjusted gross income or taxable income as the starting point.

Federal Tax Deductions per State

Only nine of the 41 with broad-based income taxes permit taxpayers to deduct some or all of their federal income taxes. This is an advantage if you are deciding between two states with similar rate structures but only one allows you to deduct. The latter would give you a lower effective rate. These include:

Alabama, Iowa, Louisiana, Missouri, Montana, North Dakota, Oklahoma, Oregon and Utah.

States are prohibited from taxing the benefits of U.S. military retirees if they exempt the pensions and local government retirees. Most states that impose an income tax exempt at least part of pension income from taxable income. Different types of pension income (private, military, federal civil service, and state or local government) are often treated differently for this purposes.