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Turbo Tax Deluxe
Online Tax Filing and Software Download or CD is a the right choice for you if:
You have lots of deductions,
TurboTax Deluxe is designed to help you take advantage of every
You have a significant amount
of education or medical expenses that you need to take take deductions
You own your home and want
to write off home mortgage interest and closing costs.
You donated to charity and
want to deduct the value of your donations or contributions.
You have childcare expenses
and need to apply tax credit deductions for daycare.
TurboTax Deluxe Online Edition can help
you trim down your income tax liability by helping you find, and take
advantage of tax deductions available through federal and state tax
Use the Delux Edition to educate
yourself on all the deductions you may be able to prepare for taking
advantage of all year long in your occupation to insure your not giving
too much cash to Uncle Sam.
Online Edition Features:
Top Rated, most user-friendly
tax deduction support for helpful tax filing.
Excellent On-Screen Guidance
with online helper text links and directional support.
Superior Error Checking to
insure accurate calculations and data entries.
Custom Audit triggers Meter:
shows likelihood of being audited, suggests how to eliminate them
Offers Optional Audit
Defense: get full-service representation if you are IRS audited
Includes the option to
access live tax support for a modest fee
Professional Tax Reviews: tax advisor goes through your entire
Trusted and Reliable
Brand: #1 selling brand, industry leader in business for 20+
Deluxe Online Edition guides you with simple questions to maximize
your tax deductions. As you progress through your tax return preparation
process you'll be asked simple questions about your income, family situation
and changes in your tax situation and credits like job changes and family
growth. Then, based on your answers to these questions, TurboTax will
search through more than 350 deductions and credits to insure you take
every opportunity you can to receive the biggest tax refund.
Get the Maximum Deduction for Charitable Donations. A program called
ItsDeductible that is included with you TurboTax Deluxe Purchase helps
you accurately value items you donate to charity, no more guess work.
Plus, it tracks other all you other donations like as cash, stocks and
mileage, to help make sure you get every charitable deduction you’re
entitled to take on your tax return.
See Additional Tax Deduction
Opportunities as You Proceed: See every tax deduction you’ve taken,
and which deductions you haven’t. TurboTax Deluxe can tell you how to
qualify for just about any deduction so that you don’t miss any opportunities
to increase your tax refund.
How TurboTax Deluxe Helps
You With Home Owner Deductions
1. Mortgage Interest.
Interest that you pay on your mortgage is tax deductible, within
limits. For married filers filing jointly, you can deduct interest
on a maximum of $1 million in mortgage debt, $500,000 if your filing
2. Home Improvement Loan
Interest. You can deduct the interest a loan to make substantial
home improvements. The work must be a "capital improvement" and not
ordinary repairs. Qualifying capital improvements are improvements
that increase the home's value.
3. Mortgage Points. Closing costs usually include a lending fee
called "points." One point is equal to 1% of the loan value. You can
fully deduct all points from a primary home mortgage purchase.
Points from refinancing a mortgage are also deductible over the life
of the loan, not all at once. Homeowners who refinanced can
immediately write off the remainder of point from the old mortgage.
4. Equity Loan Interest. In some instances you can deduct some of
the interest you pay on a home equity loan or line of credit.
However, the IRS limit is $100,000 (or $50,000 for each spouse as a
married couple filing separate. Or the total of your home's fair
market value minus certain outstanding debts against it as described
IRS Publication 936, Home Mortgage Interest Deduction.
5. Property Taxes. Property taxes are fully deductible from your
income so long as they have already been paid in the tax year being
filed. City or state property tax refund reduces your federal
deduction by a like amount.
6. Home Office Deduction. You can deduct the portion of your home
exclusively used for business purposes as well as home costs related
to that portion, such as a percentage of your insurance, repairs,
utilities and depreciation.
7. Selling Fees. TurboTax Deluxe can help you reduce your taxable
capital gain by the amount of your selling costs. Real estate
broker's commissions, administrative costs, title insurance,
advertising costs, legal fees, and inspection fees are all
considered selling fees.
8. Capital Gains Exclusion. As a married couple filing jointly you
can claim an exemption for up to $500,000 of profit on the sale of
your personal residence provided it was used for that purpose for
two of the prior five years. Single filers can claim up to $250,000.
9. Mortgage Tax Credit. TurboTax Deluxe also help with low-income,
first-time homebuyers so they can benefit from a mortgage interest
tax credit of up to 20% of the mortgage interest payments made on a
home. See IRS
Publication 530. You must apply to your state or local
government for the certificate.
10. Moving Costs. With moving
for a new job you may be able to deduct some of your moving expenses
if you meet several IRS requirements, including, new job is 50 miles
farther from your old home than your old job was. Moving expenses
may include lodging, travel or transportation, expenses and fees for
storing your household goods.
Try TurboTax Deluxe federal and receive free e-file with any TurboTax
software product. It's a great way to prepare your tax return with only
the best guidance. TurboTax offers many add-on tax products to help
you with all your tax return needs and concerns. With the TurboTax
Deluxe Online Edition you can rest assured you're not leaving money
on the table for Uncle Sam.
TurboTax Software |
TurboTax Deluxe Edition is the best choice
for Maximizing Tax Deductions and Charitable Contributions.
TurboTax sets the standard
for user-friendly, reliable tax products. Offering excellent error
checking and on-screen guidance.
TurboTax offers the most intuitive tax
products on the market today for preparing your tax return online.
TurboTax also offers
unparalleled tax support. For $39.95 you can have a TurboTax
professional CPA review your tax return for errors. you can also
purchase Audit Defense for $39.95 that offers TurboTax
representation in the event that you are audited by the IRS.