TurboTax vs Wealthsimple Tax
TurboTax
turbotax.intuit.comWealthsimple Tax
wealthsimple.comSide by side
| Figure | TurboTax | Wealthsimple Tax |
|---|---|---|
| Price from | $79/mo | — |
| Free plan | Yes | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| Plans published | 11 | 6 |
| Spec score · Tax Software | 8.9 (#12) | 6.8 (#128) |
| Spec score · Personal Tax Software | 8.9 (#12) | 7.0 (#109) |
| Spec score · Income Tax software | 8.2 (#12) | 6.2 (#24) |
| Spec score · Tax Preparation Software | 8.2 (#17) | 6.3 (#32) |
| Audit support | Eligible customers receive one-on-one question-and-answer support; representation costs extra. | Yes |
| Founded | 1983 | 2014 |
| Free plan | Yes | Yes |
| Headquarters | Mountain View, California, United States | Toronto, Canada |
| Investment income | Yes | Yes |
| Mobile access | web_and_mobile | web_only |
| Rental income | Yes | Yes |
| Self-employment support | Yes | Yes |
| State filing | State filing is free with Free Edition and additional with Deluxe. | included |
Plans
TurboTax
- Free EditionFree
- Do It Yourself Deluxe$79 a month
- Do It Yourself Deluxe$79, paid once
- Do It Yourself Premium$139, paid once
- Do It Yourself Premium$139 a month
- Expert Assist Premium$209, paid once
- Expert Assist Premium$209 a month
- TurboTax Free EditionFree
- TurboTax Mobile Free OfferFree
- TurboTax Do It Yourself Deluxe$79, paid once
Wealthsimple Tax
- BasicPrice not published
- BasicPriced on request
- PlusPrice not published
- PlusPriced on request
- ProPrice not published
- ProPriced on request
In their own words
TurboTax
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.
Wealthsimple Tax
Wealthsimple Tax has no write-up on Specifiction yet; its figures are above.