Filing taxes can be stressful and intimidating, researching, calculating your numbers, standing in queues, and auditing your taxes. And it has become intuitive to look for a tax solution to take care of all your taxing needs. That’s why you might have chosen Turbo Tax.
TurboTax is an intuitive tax-filing software that assists you throughout your filing journey. You might not know how to file taxes with TurboTax, or maybe you do, but you got stuck midway. Either way, keep reading. This guide will walk you through everything from signing up to refunds step-by-step. So
you won’t have to worry about anything.
Before moving ahead with the tax filing process, let us briefly talk about the benefits of TurboTax.
Benefits of Using TurboTax
There are many reasons why using TurboTax is a great choice when it comes to filing your taxes. We are listing some of these below.
Super Easy to Use
There’s no complicated tax code to figure out, and you can file your taxes online with ease. It’s also incredibly user-friendly, making it great for people who have never filed taxes.
TurboTax offers guarantees you a hundred percent accuracy. On top of that, they are willing to pay you complete penalties if any occur because of them.
Maximum Guaranteed Returns
The TurboTax team searches through hundreds of tax deductions to find the best one for you.
Setting Up a TurboTax account
Now that you know enough about TurboTax, let us move ahead with setting up the account so that you can file taxes.
The first step to filing your taxes with TurboTax is to set up an account. This will let you easily log in and out of your taxes as you go, so there’s no need to go back and forth between programs. And you can also save your preferences for later usage.
To set up an account, Visit the TurboTax website by writing Turbo Tax on your browser and clicking the first link. You can alternatively do that by visiting https://intuit-turbotaxcode.com
Once you are on the website, click the sign-up button on the top right of the page.
Now enter your credentials, such as email id, phone number, etc.
Once that is done, you shall be logged into your account automatically.
Now click on “Let’s go!” Button.
Then they will ask you for a few pieces of information, provide it, and you should be good.
Based on your selection, you should see various options to choose from. Choose the one appropriate for you.
Now, provide them with your personal detail, such as your name and your state.
At this point, all you have to do is provide them with your details; keep on doing that.
Federal and State Tax Information
Now we are moving ahead to the federal tax section. You will be asked for documents such as W2, and 1095 form. You can upload those or enter the information manually.
State taxes won’t require you to enter additional information, and you will be set up in no time.
Choosing your Refund Method
Finally, you are required to choose payment to process your refund.
There are a lot of options to choose from, which include:
- Direct Deposit
- Prepaid Debit Card
- Paper check via email
- Credit towards next year’s taxes
- US saving bonds
Choose the one appropriate to you and continue.
Reviewing and Filing
Now you are all set for filing. Don’t worry; you will be given an opportunity to review before filing. So, review your information and file your taxes.
How to Maximize Deductions with TurboTax
When filing your taxes with TurboTax, you’ll want to make sure you’re taking full advantage of all the deductions you’re eligible for. There are many ways you can do this, but it’s important to make sure you’re selecting the right ones.
First, make sure you’re claiming any dependents. You may be eligible for deduction for a child or other person who lives with you. Another way to maximize deductions is to take advantage of any credits you’re eligible for. You might be able to avail student benefits, first-time homebuyers, or even the environment. You can also make sure to take advantage of any retirement savings or investment credits you’re eligible for.
How to Get Help with TurboTax
If you’re struggling to file your taxes with TurboTax, don’t worry – you aren’t alone. Many people find the process of filing taxes to be both tedious and confusing. If you’re one of these, or if you’ve run into issues along the way, don’t hesitate to get help. Logging into your TurboTax account, select “Help” on the top bar. From there, you’ll be able to choose between getting help via phone or online assistance. You can also select “Live Community” to connect with other TurboTax users and get help and advice from people who have been in your shoes before.
That should conclude your tax filing process. We hope you learned how to file taxes with TurboTax without any trouble. If you did face any problem, kindly write to us talking about the same. We will definitely try to improve on that.
Frequently Asked Questions (FAQs)
- Who will I ask questions to in between the tax filing process?
TurboTax’s product team is always up for your questions to help you through the process. You can also post your questions on the TurboTax community.
- How quickly do I get the refunds with TurboTax?
They say they can get you refunds as fast as within 5 days.
- What if I make a mistake midway?
TurboTax keeps on looking for errors throughout the process and reminds you in case if find one. You can always review your details at last.