NerdWallet Tax Calculator vs TurboTax

NerdWallet Tax Calculator has no write-up on Specifiction yet; its figures are above.

TurboTax is tax preparation software available online, on mobile, and as desktop software. It supports returns involving self-employment, investment income, and rental income, with state filing available as a paid add-on. Users can import, upload, or photograph documents, including information from participating employers and financial institutions; the maker says auto-imports are available from more than one million such organizations. Customers can receive unlimited expert advice or have an expert prepare a return from start to finish. Free filing is limited to simple Form 1040 returns, and the listed estimate is that about 37% of taxpayers qualify. The free tier excludes itemized deductions, business income, stock sales, rental income, and other schedules. Deluxe searches more than 350 deductions and credits, while Premium lists more than 450. Do It Yourself Deluxe is listed at $79, paid once for federal filing, with state additional. TurboTax says its accuracy guarantee covers IRS or state penalties and interest caused by a calculation error, subject to terms.