How to File Taxes With TurboTax
- 1). Choose the TurboTax software you need to use. You can choose from the free edition, deluxe edition, premier edition, home and business edition or the business edition. Each edition explains its benefits and the cost.
- 2). Go to the TurboTax website (see Resource) and start a new account. After selecting the edition to use, you will see a page asking you to create a new account. Click on "Create a New Account." Enter an email address, user name and password, and choose a security question and type in the answer. After you click "Continue" you will be asked to accept the terms. Check the box and click "Continue."
You will be taken to the next page, and an email will be sent to you with your user name, password and security question. Print out the form and write in your password and the answer to the security question. - 3). Enter your personal information. You need to enter your name, address and Social Security number. Click "Continue" when you are done entering your personal information. The system will ask if you have any dependents. If you do, you will enter their personal information, including Social Security numbers. Continue to follow the prompts and enter any information requested.
- 4). Enter your income. You will be asked to enter W-2 forms, 1099 forms and any other income you may have to report. Each section is detailed and prompts you as to the next entries you need to make. After you complete the income section, you will be asked a series of questions to determine your credits and deductions.
- 5). Finish up the federal return. You will be asked if you want to file your state return for a fee. If you select "No," the system will check your federal return for errors. If you have errors, it will tell you what to do to make corrections.
If you file your state return, the information that you entered on the federal return is transferred to the state return. Follow the prompts to add any income or deductions that are allowed by the state. After the state return is done, TurboTax will run an error check and advise you of any errors that need correcting. - 6). Continue to efile or print your return(s). Follow the prompts that will take you to a page where you will need to enter credit card or debit card information if you must pay for the tax return. After you enter the information, you will be prompted to click "Continue," which will transmit your return.You can close the program. An email will be sent telling you that your returns have been received. After each government agency receives and accepts or rejects your return, you will be sent an email telling you.
- 7). Open the email and read the document. If you have errors and the government rejected your return, you will be given a link to click to make corrections so you can resubmit free of charge.
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