TurboTax Desktop Version Comparison copy

Which TurboTax Do I Need: TurboTax Deluxe vs. Premier vs. Home and Business 2019

TurboTax is often referred to as the best tax computing software ever developed, and it comes packed with some of the latest and advanced features as well. It is important for you to note that it checks more than 350 tax deduction option, and gives you guaranteed maximum returns. To meet the specific need of the users, the company has launched various versions of the program, mainly deluxe, premier, and home and business. Now, the question often arises amongst the users is that which TurboTax do I need? To provide a relevant solution to this problem, we have come up with a quick comparison between TurboTax Deluxe vs. Premier vs. Home and Business.  Get to know the features of all the three versions understand which one of them is best suited for you.

Direct Number: 888-807-3222

Call Time:  Average Wait: 3 mins. 24/7 Support, also available on Holidays.

Turbotax Desktop Versions & Comparison Chart (2019-2020)

Features of TurboTax Basic Deluxe Premier Home & Business
Effective Featues and Step-By-step Guidence Yes Yes Yes Yes
Assured Maximum Refund Yes Yes Yes Yes
Manage, Print, and e-file Yes Yes Yes Yes
Import previous year’s tax figures Yes Yes Yes Yes
Comprises guidance on newest tax and health care laws  Yes Yes Yes Yes
Exclusive Assistance on Maximizing Your Deductions No Yes Yes Yes
Additional help on 350+ deductions and credits No Yes Yes Yes
Use ItsDeductible to figure out the value of donated items No Yes Yes Yes
Audit RiskMeter cuts down your chances of an audit No Yes Yes Yes
Investment And Rental Property  No No Yes Yes
Additional guidance for investment sales such as mutual funds, bonds, stocks. No No Yes Yes
Assitance with rental property expenses and income No No Yes Yes
Retirement and IRA tool help you get the maximum money back No No Yes Yes
Businesses Association With Schedule C (Self-employed) No No No Yes
Comprises Schedule C for sole proprietors, self-employees, and consultants No No No Yes
Boost up self-employment income and deductions No No No Yes
Constitute W-2s and 1099s for contractors and employees No No No Yes
Prepare small business start up and deductions No No No Yes
Other Additional Features        
Free federal e-files incorporated 5 5 5 5
Available for PC and Mac Yes Yes Yes Yes
Tech Assistance through call and chat Yes Yes Yes Yes
Comprises one state tax return preparation at no additional costs Extra Charges Yes Yes Yes
Telephonic support and guidance from CPAs added No No Yes Yes
My analysis and Advice tool to asisst you acknowledge your tax history and maximize next year’s refund No No Yes Yes
Recommended Version for Miscellaneous Forms        
Enter 1099-Misc, 1099-Int, 1099-Div, 1099-G, 1099-R Yes Yes Yes Yes
Schedule E No No Yes Yes
Enter Schedule K-1 No No Yes Yes
Schedule C No No No Yes
Set up 1099-Misc or W-2 No No No Yes

TurboTax Basic vs. Turbotax Premier

On comparison aspects between TurboTax basic and TurboTax premier version, the latter one – the TurboTax premier would be the best choice. Let us start comparing both the versions.

TurboTax Basic: 

On a widespread basis, TurboTax essential is the one that most of the taxpayers rely on. As it has minimum features, though, users can have an edge using this program to filing annual tax returns. The features TurboTax basic included are:

  • Systematic guidance that provides you the income tax filing tips.
  • Import your data from the last year’s TurboTax return.
  • The program imports your W-2 from over a million participating companies.
  • Having tax-saving credits – such as Child Care Credit, Earned Income Credit (EIC), and Child tax credit.

TurboTax Premier:

Since TurboTax premier is a bit expensive, yet it has many more benefits than Turbo Tax basic version, which offers some excellent added features to the TurboTax users. Some of the extra features are:

  • It provides additional support for rental property income and expenses.
  • It provides you complete assistance for retirement taxes.
  • It offers your maximum returns.
  • It helps you to analyze the tax history and prepare e-file for your annual tax return.

TurboTax Deluxe vs. Premier

TurboTax Deluxe:

If you are looking for the best option for maximizing your tax returns, make sure that TurboTax Deluxe is your first choice. It has got some of the best features to offer you at an affordable price. Some of the major benefits of TurboTax Deluxe for the desktop version is given here:

  • It gives you maximum returns
  • Easy preparation and e-filing of tax returns
  • Double-checking of the tax returns
  • Saves a lot of your time while e-filing taxes
  • Helps you through the latest taxes

TurboTax Premier:

Though TurboTax Premier is slightly expensive than TurboTax Deluxe, it is important for you to know that this version offers a few added benefits as well. To be honest, it is much better than the Deluxe Version. Some of the extra benefits of TurboTax Premier over TurboTax Deluxe are:

  • It provides extra support for rental property income and similar expenses
  • It gives you complete help for retirement taxes
  • It gives you maximum returns
  • Easy preparation and e-filing of tax returns
  • Understands the tax history, and gives you a brief analysis

TurboTax Premier vs. TurboTax Home & Business

TurboTax Home and Business:

If we compare the premier version with TurboTax Home and Business, the later will always be better as it comes packed with advanced features for tax preparation and maximizing returns. However, it is also a bit more expensive. This version of TurboTax is specifically designed for those who are self-employed or owns a small business firm. It comprises of some extra advantages over TurboTax premier, and they are:

  • It provides complete support for self-employed tax deductions
  • It creates 1099 and W-2 forms for the employees
  • It guides you and provides you help for start-up for new business

Which version of TurboTax do I need?

Now, even after checking out the difference between TurboTax Deluxe, Premier and Home and Business, if you are still unable to choose the best version of TurboTax, make sure you have taken the help of the TurboTax Customer Service team. You need to simply dial their TurboTax Phone Number. Calling up at this number can help you in resolving the confusion.

2 Thoughts to “Which TurboTax Do I Need: TurboTax Deluxe vs. Premier vs. Home and Business 2019”

  1. Guys! I am in confusion on which one I should choose on TurboTax Deluxe vs. Premier. Can anyone give me some suggestions regarding this?

  2. Kelvin Smith

    I was totally confuse with TurboTax Deluxe vs. Premier & Turbotax Home and Business 2019. This post removed my all confusion. Thanks for this useful information:)

Leave a Comment