TurboTax Deluxe Tax Software
Here we are coming into the 2015 - 2016 tax season and as if the
tax code wasn't confusing enough, we now have to deal with how to
conform to the new health care act and avoid tax penalties.
This may seem overwhelming but, fortunately, the TurboTax Deluxe
Edition was designed as a tax software program that helps you keep
more of your income. It does this by helping you take advantage
of tax deductions that can lower your taxable income significantly.
Additional tools like the
Online Health Care Hub helps you comply with the health care tax
laws and see if you qualify for a health care subsidy.
TurboTax Deluxe is Available in Two Formats
- TurboTax Deluxe Online
Internet Tax Preparation
Deluxe Download / CD
Installation Desktop Tax Software
would be a lot easier if Uncle Sam wasn't always shaking the cash
out of our pockets and messing with our income. Nevertheless, it's
up to each of us to insure we don't pay more in taxes than we
have to. Deluxe tax software is designed to help us do just that!
Save some cash!
Tax Deduction come in all shapes and sizes so finding some should
be easy. However, finding every one you can qualify for is a task that
you may need help with.
Here is Why TurboTax Deluxe is the Most Popular
Tax Software Edition Used By Consumers Today
Our review show us that the TurboTax Deluxe Tax Software Edition walks consumers through a
formatted procedure to search out tax deductions that can be applied
to your tax return. These deductions come from everyday life events
that we all experience. With TurboTax Deluxe you can use deductions
to offset your wages for a lower taxable income. Common everyday
Home Owner Tax Deductions
Home Mortgage: Your home mortgage interest is
deductable with TurboTax Deluxe. This includes any interest paid on your primary
residence as well as a second residence, some limits may apply.
Home Equity Line: Interest on up to $100,000 borrowed on a home
equity loan or line of credit is deductable as well, regardless of what it was used
for. Great way to get a cheap loan.
Mortgage Points: If you paid points when you purchased your home, or
if the seller paid points for you, they may be deductable.
Property Taxes: Property taxes you paid, and even any prepaid
taxes that you may have reimbursed the seller for are deductable.
These are taxes the seller had already paid before you took
Private Mortgage Insurance: If you purchased a private mortgage
insurance premium on your home after 2006. However, this deduction
expires after 2013 and it is adjusted based on your gross income.
Medical Home Improvements: Home improvements you make that are
required based on medical needs and medical care, may be deductible.
Deducting Education Expenses
Tuition and Fees Deduction: You may qualify to deduct education
expenses paid for yourself, your spouse, and your dependant's. These
deductions can reduce taxable income by up to $4,000.
Tuition is deductable for eligible educational institutions
including any, college, university, vocational school, or other
postsecondary educational institution participating in student aid
programs administered by the U.S. Department of Education.
Related expenses are deductable for student-activity fees and
expenses for course-related books, supplies, and equipment only if
the fees and expenses are paid to the institution as conditions of
Education expenses are not deductable if your filing status is married filing separately, or
if another person claims you as a dependent.
You are eligible for medical expense deductions if your total
medical care expenses for the year exceed 7.5% of your adjusted
gross income. You may deduct only the amount by which your total
medical expenses exceed the qualified adjusted gross income.
Medical and dental expenses may be deducted for yourself, your
spouse, and dependents. Calculate deductions on Form 1040, Schedule A.
TurboTax Deluxe Helps You Maximize Tax Deductions
With TurboTax Deluxe Tax Software you can maximize deductions by
searching thru more than 350 tax deductions and credits to see what
applies to you. This may seem like a lot of work, but this software
is designed to help you find the tax benefits that may be applied.
is an additional tool that is free for TurboTax users and helps to
turn charitable donations into big tax savings. This tool is
available for online use and by download as a mobile app. It allows
users to add donations for easy import into TurboTax software.
Easily enter charity donations all year-round to be prepared for tax
We Reviewed TurboTax Deluxe Compared To Three Other Top Rated
Deluxe Tax Software Brands Including, H&R Block At Home, eSmartTax
did our review on the TurboTax Deluxe Edition this year, we looked
at how it stacked up against its closest competitors.
The noticeable difference with TurboTax Deluxe was how it went
well beyond the common characteristics of Deluxe Tax Software
editions to cover many features commonly found in the Premier and
Home and Business Tax
This review showed us that you can cover a lot of variables with
the deluxe edition so long as your needs are not particularly complex (you
don't have to
create employee and contractor W2s or 1099s).
TurboTax Deluxe Gets To Know You Personally!
TurboTax Deluxe Edition gets to know you personally by asking basic
questions about your income and family situation along with any
changes in your life that would alter your tax filing situation.
Based on answers to these questions it searches thru more than 350
tax deductions and credits to insure that you getting the biggest
possible refund, or lowest tax bill, Guaranteed!
Each one of the Deluxe tax-preparation software programs we
reviewed worked under a similar format of filling in fields that are
eventually applied to IRS forms for submittal. This is guided by wizard-like process through any
for your specific tax filing situation. Questions and
options are posed for your response to provide the data required to
complete the tax data entry process.
TurboTax Deluxe and the competitors provided an organized
framework for entering common 1040 data along with information
required to complete other commonly used forms and schedules (A, B, C, D, 1098,
1099-INT, and more). This helps make the process straight forward.
TurboTax Deluxe Guarantees Accurate Calculations
that the TurboTax Software performs are guaranteed to be accurate.
However, each one of the competitors offers that same guarantee.
This is based on the information you provide. Should you provide
inaccurate data, the calculations will be accurate by
the software, but not with the IRS, and not IRS guaranteed.
TurboTax Deluxe Easy Access Menu and Navigation
With a familiar look,
TurboTax Deluxe offers a horizontal
navigation menu that runs along the top of the page and contains the primary
tax preparation sections. You can click and
jump to any of the specific sections to enter data should you think
of something you don't want to forget. Another box above that keeps
you posted on what
your current tax obligation is as you proceed thru the tax
The right side of the page offers support in the form of a help
section and live community where you can see questions and answers
other TurboTax users have posted, or ask a question to get an answer
for yourself. It's a great way to get quick support.
There is also a section that notifies you of
"Flags" or problems with your data entries like missing
information or questionable entries.
Tax support is overall more accessible with TurboTax than the
competitors although H&R Block and eSmartTax have widely improved
their support systems over the last several year.
In the tax preparation interview process you will encounter
explanatory text that often accompanies tax questions that are
presented. Hyperlinked also support terms or phrases that are
presented so that you have written clarifications on terms you are
not familiar with.
There is also a "Contact Us" button where you can enter
personal contact information and your question for further support.
However, you can also use the free phone and chat help that will
most likely take less time to get the answers your need.
TurboTax Deluxe 2015 - 2016 Tax Software Overview
Overall, TurboTax offers easy navigation with simple but thorough explanations
as you move through each section of the tax preparation process.
This starts with an interview process that is designed to reduce
time spent on unnecessary sections that don't apply to your filing
Learn more links and
hyperlinked phrases are very helpful time saving features that keep
you moving at a good pace instead of stuck in the boondocks trying
to figure out some confusing tax jargon.
organized the filing format well to to streamline and
hopefully—simplify the data entry process This in turn should accelerate
the time you spend on your tax preparation journey preparing your
1040 tax return along with the accompanying forms and schedules that
are needed to insure your IRS filing is complete.
While all the Deluxe Software brands offer a good experience,
TurboTax Deluxe is our top choice to keep you from pulling your hair
out or ending up out in left field without the tools you need to
avoid getting yourself all worked up in a tizzy over stress and
It's our Top Choice, Give it a Try!