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How to Use TurboTax to File Your Taxes for Free in 2018

Filing taxes can often feel overwhelming, especially if you’re not well-acquainted with the various tax forms and deadlines. Fortunately, TurboTax offers an intuitive platform that simplifies the process. This article will guide you through using TurboTax to file your taxes for free in 2018, spotlighting essential tools and resources to make your experience as smooth as possible.

Why Choose TurboTax?

TurboTax is one of the leading tax filing software solutions in the market, known for its user-friendly interface and comprehensive feature set. Here’s why TurboTax stands out:

• Easy Navigation: The software’s step-by-step guidance helps users complete their tax returns accurately and efficiently.
• Free Filing Options: For simple tax situations, TurboTax offers a free filing solution that caters to individuals with straightforward tax needs.
• Expert Assistance: For those who require additional help, there’s an option to access live support from tax professionals.

Key Features of TurboTax

1. Free Filing for Simple Returns: If you earn under a certain threshold and have straightforward income sources, you can file your taxes for free using TurboTax’s Free Edition. This covers forms like 1040, 1099, and simple deductions.

2. Import Options: TurboTax allows you to import W-2 forms and other tax documents directly, minimising the chances of data entry errors.

3. Deductions and Credits Identified: The software automatically identifies potential deductions and credits you may qualify for, ensuring maximum refunds.

4. Mobile Access: You can complete your taxes on the go using TurboTax’s mobile application, which syncs seamlessly with your online account.

Step-by-Step Guide to Filing Your Taxes with TurboTax

Step 1: Create Your Account

Begin by visiting the TurboTax website. Click on “Start for Free” and create your account using an email address. You’ll be prompted to set a password.

Step 2: Select the Right Product

If your tax situation is simple—such as having a basic income without significant deductions—select the ‘Free Edition’. For those with more complex needs, review other plans available, though remember that they may incur costs.

Step 3: Input Your Personal Information

Once you’ve selected the appropriate edition, you’ll need to enter your personal details including:

• Name
• Address
• Social Security Number (SSN)
• Date of Birth

Ensure that this information is accurate to avoid complications.

Step 4: Enter Your Income Details

TurboTax will prompt you to input your income information. You can either manually enter your data or use the import feature if you have electronic copies of your W-2 or 1099 forms.

Step 5: Deductions and Credits

The next step involves answering a series of easy questions regarding your tax situation. TurboTax will recommend deductions and credits you might qualify for, such as:

• Education credits
• Earned Income Tax Credit (EITC)
• Child Tax Credit

Be diligent in this step, as identifying these can significantly increase your refund.

Step 6: Review Your Tax Return

Before submitting your return, review all information inputted. TurboTax includes a ‘Review’ feature that checks for common errors and suggests corrections. Take this opportunity to double-check entries for accuracy.

Step 7: File Your Taxes

When you’re confident your return is accurate, you can file it electronically through TurboTax. If you’re expecting a refund, opt for direct deposit to expedite the process.

Frequently Asked Questions

Is TurboTax really free?

Yes, for those with simple tax situations, TurboTax offers a completely free filing option. However, additional features and complex tax situations may require paid versions.

Can I use TurboTax on my mobile device?

Absolutely! TurboTax has a mobile application that allows you to file your taxes from your smartphone or tablet.

What if I require help during the filing process?

If you encounter difficulties, TurboTax provides various support options, including live chats with tax professionals through its paid packages.

Additional Resources for Tax Filing

• TurboTax Community: Engage with other users and tax experts in the TurboTax community for tips and advice.
• IRS Resources: Visit the IRS website for official guidelines and updates on tax regulations.
• Tax Preparation Checklists: Many financial websites offer tax preparation checklists that can help you gather necessary documents before filing.

Conclusion

Using TurboTax to file your taxes for free in 2018 can simplify what is often a daunting task. By following the steps outlined in this guide, you can take advantage of TurboTax’s user-friendly features and expert assistance to ensure you’re filing accurately and maximizing your refund. Embrace the resources available, and make tax season a manageable part of your year!

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