Turbotax 2020-2021 Tax Software Download

Turbotax 2020-2021 Tax Software Download

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Turbotax 2020-2021 Tax Software Download

Why use TurboTax Home & Business?

• Self-employed deductions. We'll tell you which expenses you can deduct such as phone, supplies, utilities, home office, and more.
• We know your industry. Don't miss any tax write-offs—we'll help you spot overlooked tax deductions for your industry.
• Vehicle tax deduction. Let us determine if actual expenses or the standard mileage rate will get you the biggest tax deduction.
• Expenses made easy. We'll walk you through expense categories and offer additional tax-deduction suggestions.
• Answers as you go. Free U.S.-based product support. and easy-to-understand answers online 24/7.
• Self-employed income. Perfect for entering multiple sources of income reported on the NEW 1099-NEC, and sales from goods and services on 1099-MISC.

Turbotax Home and Business 2020 Features:

• Maximize next year's refund. Understand your tax history and know your “tax health“ with expert tips to help you get an even bigger refund next year.
• Maximize next <br class="cgmt-visible-md" />year's refund. Employee tax forms Prepare and print unlimited W-2 and 1099 tax forms for your employees and contractors.
• Extra guidance for new businesses. We'll show you the startup tax deductions for new businesses so you can get the maximum refund you deserve.
• Automatically import your investment info. We can automatically import investment info directly from participating financial institutions.*
• Guidance and support reporting investment sales. We'll walk you through reporting sales of stocks, bonds, and mutual funds. We'll automatically calculate capital gains/losses and keep track of those that carry over to future tax returns.
• Find your cost basis. In three easy steps you'll discover your accurate purchase price for stock sales.
• Employee stock plans. If you sold employee stock we'll automatically determine your correct basis for shares purchased.
• Maximize your IRA savings. Retirement tax help and IRA tool show you how to get more money back this year and when you retire.
• Maximize your IRA savings. See your best rental depreciation method Simplify reporting your rental property depreciation. We'll show you which depreciation method will get you the biggest tax deduction.
• Refinancing deductions. Save every penny—we'll guide you through deducting points, appraisal fees, and more from your refinance.
• Guidance and support with new rental properties. We'll guide you on how to set up new rental properties. Plus, our median monthly rent calculator can help you find the fair market value for your rental property.
• Find every tax deduction and credit you qualify for. We'll get to know you by asking simple questions about your income,
• family and changes in your tax situation. Then, based on your answers, TurboTax will search for more than 350 tax deductions and credits to get you the biggest tax refund— guaranteed.
• Maximize your tax deduction for your donations. Accurately value items you donate to charity with ItsDeductible™ (included)—no more guessing. Plus, we'll track other donations such as cash, mileage and stocks, to help you get every tax deduction you're entitled to for your charitable donations.
• Big life changes? We can help. Did you change jobs, get married, buy a home or retire? We'll guide you through common life changes, explain how they impact your taxes, and find any new tax deductions and credits you may qualify for.
• See your audit risk. Reduce your chance of a tax audit with our Audit Risk Meter™. We'll check your tax return for common audit triggers, shows whether your risk is high or low and give you valuable tips.
• See your audit risk. See if you qualify for education tax credits If you or your children attended college or trade school, we'll help you find refund-boosting education tax credits and deductions (1098-E, 1098-T) for tuition, books, and student loan interest.
• Extra guidance for homeowners. Your biggest purchase can also mean big deductions for things like: mortgage interest, property taxes, refinancing fees, points, and improvements to your home's energy efficiency.
• Automatic import of your W-2 and 1099 info. We can automatically import your W-2 and 1099 tax form data from over a million participating employers and financial institutions.*
• Get a head start. We'll automatically import your information from last year's TurboTax return to help save time and increase accuracy. We'll even import personal information about you and your family if you prepared your taxes with TaxAct or H&R Block CD/Download software.
• No tax knowledge needed. We'll ask you easy questions about your year and fill in the right tax forms for you.
• Answers as you go. Free U.S.-based product support and easy-to-understand answers online 24/7.
• Thousands of error checks. You won't miss a thing, we'll double-check your tax return for accuracy before you file.
• Thousands of error checks. Tax credits for dependents. We'll show you who qualifies as your dependent, and find tax-saving
• deductions and credits like the Child & Dependent Care Credit, Earned Income Credit (EIC), and child tax credit.

Turbotax 2020-2021 Tax Software Download

• Finish your state return faster. Once you complete your federal taxes, we can transfer your information over to your state return to help you finish quickly and easily. (Fees may apply*).
• Go at your own pace—no appointment necessary. Finish your tax return in one visit or do a little at a time. We automatically save your progress as you go, so you can always pick up where you left off.
• Up-to-date with the latest tax laws. When tax laws change, so does TurboTax. We're always up to date.
• Your information is secure. We're dedicated to safeguarding your personal information. We test our site daily for security, use the most advanced technology available, and employ a dedicated Privacy Team.
• Your information is secure. See your tax refund in real time We display and update your federal and state tax refunds (or
• taxes due) as you do your income taxes, so you always know where you stand.
• Free federal e-file for your fastest possible tax refund*. E-file your federal and state tax return with direct deposit
• to get your fastest tax refund possible. Free federal e-file is included.
• Your tax refund, your way. Choose to receive your tax refund by check or direct deposit to your bank account.
• No money out of pocket. Skip the trip to your wallet. We can conveniently deduct any TurboTax preparation fees from your federal tax refund and have the remaining balance deposited directly into your bank account. Additional fees may apply.
• Perfect for independent contractors (1099). If you're an independent contractor or do freelance work, you can deduct certain expenses to lighten that tax bill. That's where we come in, searching over 350 deductions and credits so you don't miss a thing.
• Perfect for independent contractors (1099). We know your industry Don't miss any tax write-offs–we'll help you spot overlooked tax deductions for your industry.
• Vehicle tax deduction. Let us determine if actual expenses or the standard mileage rate will get you the biggest tax deduction.
• Expenses made easy. We'll walk you through expense categories and offer additional tax-deduction suggestions.
• Self-employed Income. Perfect for entering multiple sources of income, including 1099-MISCs and sales from goods and services.

Turbotax Home and Business Download Info:

• Self-employed deductions, We'll tell you which expenses you can deduct such as phone, supplies, utilities, home office, and more.
• We know your industry, Don't miss any tax write-offs—we'll help you spot overlooked tax deductions for your industry.
• A vehicle tax deduction, let us determine if actual expenses or the standard mileage rate will get you the biggest tax deduction.
• Expenses made easy, We'll walk you through expense categories and offer additional tax-deduction suggestions.
• Answers as you go, Free U.S.-based product support and easy-to-understand answers online 24/7.
• Self-employed income, Perfect for entering multiple sources of income, including 1099-MISCs and sales from goods and services.

Turbotax Home and Business System Requirements:

Minimum requirements for your computer: Below are the minimum requirements for TurboTax Federal 2020 software. Product activation required via Internet. Download option requires free online Intuit account.

Windows® CD/Download Products

Operating Systems: Windows 8 or later (Windows 7 not supported)

RAM: 2 GB or more recommended

Hard Disk Space: 1 GB for TurboTax (plus up to 4.5 GB for Microsoft .NET 4.5.2 if not already installed)

Monitor: 1024x768 or higher recommended

Third Party Software: Microsoft .NET 4.5.2 (included with TurboTax Installer)

Internet Connection: 1 Mbps modem (Broadband connection highly recommended). Required for product activation, software updates and optional online features

Printer: Any Windows-compatible inkjet or laser printer, Administrative rights required.

Turbotax Home and Business 2020 Download