6 Apr 2011 By Bibey 

TurboTax Premier

27 Jan

TurboTax Premier is one of three editions of the popular Turbotax range. Here we look at the benefits of this software.

TurboTax is well known for offering three editions of their popular tax software. They include: Free, Deluxe, and Premier. Of these three, the TurboTax Premier is the most expensive. That being said, you definitely get your money’s worth when you purchase this software. Not only does it stack up well against other editions from TurboTax, but when compared to outside competition it easily holds its own.

TurboTax Premier Benefits

  • To fully understand TurboTax Premier you need to be aware of the many benefits that it offers. Year after year, TurboTax puts a lot of time into upgrading their tax software – nothing has changed for 2010. TurboTax Premier Edition 2010 is the best yet, and is sure to be used by millions of people. The question is: are you going to be one of them?
  • Here are several benefits that help TurboTax Premier stand out in a crowded industry:
  • Created especially for taxpayers with investments and rental property income. If you have a lot of money invested it is safe to say that your tax situation is more complicated than most people. For this reason, you need powerful tax software with lots of features.
  • Those who own bonds, stocks, or rental properties will find that TurboTax Premier helps them save a lot of money.
  • Free federal e-file. Although this benefit is shared with the other two editions, it is worth noting nonetheless. When you rely on TurboTax you will never have to pay to e-file your federal return. This saves you money, while helping to speed up the time in which you receive your refund.

 

  • Imports your investment information for free. You can save time and avoid mistakes thanks to a feature that automatically imports investment information from your financial institution.
  • Do you own rental property? This is a great way to make money, but it can also complicate your tax situation. TurboTax Premier helps you find any and every deduction related to your properties. With over 20 built-in deductions, landlords have no trouble saving money when they use this tax software.
  • Rental depreciation. One way to reduce your tax liability, when dealing with rental properties, is to choose the best depreciation method. Gone are the days when you had to visit a tax professional to make this decision.
  • Selling stock can be complicated for many reasons – especially when tax time rolls around. TurboTax Premier has several features that help you report sales and determine your correct basis for selling.
  • Every year, tens of thousands of people inaccurately report the sale of stocks. In turn, they end up having to amend their return and pay more money. Why take this risk?
  • All the features and benefits of TurboTax Deluxe. Since TurboTax Premier is a step up, you will receive all the benefits of the Deluxe Edition plus those listed above. In other words, you don’t need both programs!

TurboTax Premier: What We Didn’t Like

  • Cost. If you are interested in TurboTax Premier you will pay $74.95. This is $25 more than the Deluxe Edition. Additionally, you also have to pay $30.95 if you want to e-file your state return.
  • A more complicated process. Due to all the extra features, when compared to the Free and Deluxe Editions, the process for filing can become quite tedious. For those who choose TurboTax Premier and don’t have a lot of investment income, this is an annoyance.

TurboTax Premier Support

Anytime you need help with your return, or just have a question, you will be able to quickly find the appropriate answer. Here are some of the support features offered with TurboTax Premier:
 

  • Live answers. You can ask questions of TurboTax experts, or head to the online community to communicate with others in your shoes.
  • Free technical support. Is there a problem with your software? Are you caught up due to a technical difficulty? TurboTax Premier customers can get answers via live chat, phone, or email.


To take full advantage of your investments and rental properties, while also ensuring the largest possible refund, rely on TurboTax Premier Edition 2010. 

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