How to Download 2020 TurboTax and File Your Taxes Easily
Tax season is here and you may be wondering how to file your taxes without hassle. If you are looking for a reliable, easy, and accurate way to prepare and file your taxes, you may want to consider using TurboTax. In this article, we will show you how to download 2020 TurboTax from the official site and how to use it to file your taxes online or offline.
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What is TurboTax and Why Use It?
TurboTax is the #1 best-selling tax software in the US, trusted by millions of taxpayers every year. TurboTax helps you find every deduction and credit you deserve, so you can get your maximum refund guaranteed. TurboTax also offers different products and services to suit your needs, whether you have a simple or complex tax situation, whether you want to do it yourself or get expert help, and whether you want to file online or offline.
TurboTax is the #1 best-selling tax software in the US
According to Intuit, the maker of TurboTax, 38 million people trusted TurboTax to get their taxes done right last year. TurboTax has been rated 4.5 out of 5 stars by its customers, who appreciate its ease of use, accuracy, and security. TurboTax also has a Tax Return Lifetime Guarantee, which means that it backs your taxes for the full 7-year life of your tax return, guaranteed.
TurboTax helps you find every deduction and credit you deserve
TurboTax has a feature called Deduction Finder, which searches over 350 deductions and credits to find the ones that apply to you. TurboTax also has a feature called ItsDeductible, which helps you track and value your charitable donations throughout the year. TurboTax also has a feature called Audit Risk Meter, which helps you reduce your chance of an audit by checking your return for common audit triggers.
TurboTax offers different products and services to suit your needs
TurboTax has a variety of products and services that cater to different types of taxpayers. For example, if you have a simple tax return, you can file for free with TurboTax Free Edition or TurboTax Live Basic Full Service. If you have more complex tax situations, such as investments, rental properties, self-employment, or crypto income, you can choose from TurboTax Deluxe, Premier, Self-Employed, Premium, or Live Premium Full Service. If you want a tax expert to do your taxes for you from start to finish, you can choose from TurboTax Live Full Service Basic, Deluxe, Premier, Self-Employed, Premium, Business Taxes, or Assisted Business Taxes.
How to Choose the Right TurboTax Product for You
With so many options available, how do you know which TurboTax product is right for you? The easiest way is to use the Compare Products tool on the official site. You can select all that apply to your tax situation and see the prices and features of each product. Here are some examples of the different products you can choose from based on your tax situation:
Compare TurboTax Online Products
Product
Price
Features
TurboTax Free Edition
$0 federal, $0 state, $0 to file
- File a simple tax return (1040) with no schedules- Get your refund fast with direct deposit- Access prior year returns online- Get free support from TurboTax experts
TurboTax Deluxe
$60 federal, $50 state, $0 to file
- All the features of Free Edition, plus:- Maximize your deductions and credits- Deduct mortgage interest and property taxes- Report donations and medical expenses- Import your W-2, 1099, and bank statements- Get personalized tax tips and insights
TurboTax Premier
$90 federal, $50 state, $0 to file
- All the features of Deluxe, plus:- Report income from stocks, bonds, and mutual funds- Report income from rental properties and royalties- Report income from cryptocurrency transactions- Report foreign bank accounts and assets- Get guidance on rental property depreciation and expenses
TurboTax Self-Employed
$120 federal, $50 state, $0 to file
- All the features of Premier, plus:- Report income and expenses from self-employment or freelancing- Deduct home office, vehicle, and other business expenses- Track your mileage and receipts with QuickBooks Self-Employed (included)- Get industry-specific deductions for your line of work- Get a free year of QuickBooks Self-Employed (a $90 value)
TurboTax Premium$170 federal, $50 state, $0 to file- All the features of Self-Employed, plus:- Get priority access to TurboTax experts via phone or chat- Get a full review of your return by a TurboTax expert before you file- Get unlimited help with your tax questions year-round- Get identity theft monitoring and restoration services with IDnotify (included)
Compare TurboTax CD/Download ProductsIf you prefer to install TurboTax on your computer instead of using it online, you can choose from the following CD/Download products:ProductPriceFeaturesTurboTax Basic CD/Download$40 federal, $45 state, $0 to file- File a simple tax return (1040) with no schedules- Get your refund fast with direct deposit- Access prior year returns on your computer- Get free support from TurboTax experts via phone or chatTurboTax Deluxe CD/Download$60 federal, $55 state, $0 to file- All the features of Basic CD/Download, plus:- Maximize your deductions and credits- Deduct mortgage interest and property taxes- Report donations and medical expenses- Import your W-2, 1099, and bank statements- Get personalized tax tips and insightsTurboTax Premier CD/Download$90 federal, $55 state, $0 to file- All the features of Deluxe CD/Download, plus:- Report income from stocks, bonds, and mutual funds- Report income from rental properties and royalties- Report income from cryptocurrency transactions- Report foreign bank accounts and assets- Get guidance on rental property depreciation and expensesTurboTax Home & Business CD/Download$100 federal, $55 state, $0 to fileAll the features of Premier CD/Download, plus:Report income and expenses from self-employment or freelancingDeduct home office, vehicle, and other business expensesGet industry-specific deductions for your line of work >
Compare TurboTax Live Products
If you want to get unlimited help and advice from a tax expert while you do your taxes, you can choose from the following TurboTax Live products:
Product
Price
Features
TurboTax Live Basic Full Service
$130 federal, $50 state, $0 to file
- File a simple tax return (1040) with no schedules- Get your refund fast with direct deposit- Access prior year returns online- Get free support from TurboTax experts- Get a tax expert to do your taxes for you from start to finish- Get unlimited help and advice from a tax expert year-round- Get a final review of your return by a tax expert before you file
TurboTax Live Deluxe Full Service
$210 federal, $50 state, $0 to file
- All the features of Live Basic Full Service, plus:- Maximize your deductions and credits- Deduct mortgage interest and property taxes- Report donations and medical expenses- Import your W-2, 1099, and bank statements- Get personalized tax tips and insights
TurboTax Live Premier Full Service
$290 federal, $50 state, $0 to file
- All the features of Live Deluxe Full Service, plus:- Report income from stocks, bonds, and mutual funds- Report income from rental properties and royalties- Report income from cryptocurrency transactions- Report foreign bank accounts and assets- Get guidance on rental property depreciation and expenses
TurboTax Live Self-Employed Full Service$390 federal, $50 state, $0 to file- All the features of Live Premier Full Service, plus:- Report income and expenses from self-employment or freelancing- Deduct home office, vehicle, and other business expenses- Track your mileage and receipts with QuickBooks Self-Employed (included)- Get industry-specific deductions for your line of work- Get a free year of QuickBooks Self-Employed (a $90 value)TurboTax Live Premium Full Service$440 federal, $50 state, $0 to fileAll the features of Live Self-Employed Full Service, plus:Get priority access to TurboTax experts via phone or chatGet a full review of your return by a TurboTax expert before you fileGet unlimited help with your tax questions year-roundGet identity theft monitoring and restoration services with IDnotify (included) >
How to Download 2020 TurboTax from the Official SiteIf you have decided which TurboTax product is right for you, you can download it from the official site by following these steps:
Sign in or create an account to access your downloadTo download TurboTax, you need to have an account with Intuit, the maker of TurboTax. If you already have an account, you can sign in with your email address and password. If you don't have an account, you can create one for free by providing your name, email address, phone number, and password. You can also sign in with your Google or Facebook account.
Select the version you want to download and save it on your computerAfter signing in or creating an account, you will see a list of TurboTax products that you can download. You can choose from Online Products or CD/Download Products. You can also see the prices and features of each product. Once you select the product you want, you will be asked to enter your payment information. After confirming your purchase, you will be able to download the software and save it on your computer. You will also receive an email confirmation with your order details and download link.
Install your software by double-clicking the downloaded fileTo install TurboTax on your computer, you need to double-click the downloaded file. The file name will start with "TurboTax" followed by the year and version of the product. For example, if you downloaded TurboTax Deluxe 2020, the file name will be "TurboTax_Deluxe_2020.exe". The installation process will guide you through the steps to install TurboTax on your computer. You will need to agree to the license agreement, select a destination folder, and create a desktop shortcut. You will also need to activate your software with the license code that you received in your email confirmation.
How to File Your Taxes with 2020 TurboTax
After installing TurboTax on your computer, you can start filing your taxes with it. Here are the steps to follow:
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Start a new return or continue a previous one
When you launch TurboTax, you will see a screen that asks you to start a new return or continue a previous one. If you are filing your taxes for the first time with TurboTax, you can select "Start a new return" and enter some basic information about yourself, such as your name, address, date of birth, and Social Security number. If you have filed your taxes with TurboTax before, you can select "Continue a previous return" and choose the file that you want to open. You can also transfer your information from last year's return to save time.
Answer simple questions about your income, expenses, and deductions
TurboTax will guide you through the process of filing your taxes by asking you simple questions about your income, expenses, and deductions. You don't need to know any tax laws or forms, as TurboTax will fill them out for you based on your answers. You can also import your tax documents from various sources, such as your employer, bank, broker, or charity. TurboTax will also show you how your answers affect your refund or amount due.
Review your return and check for errors or missing information
Before you file your return, TurboTax will review it and check for errors or missing information. TurboTax will also show you a summary of your tax situation and let you know if you qualify for any deductions or credits that you may have missed. You can also see how your refund or amount due compares to the national average and other taxpayers like you. If you have any questions or doubts, you can get help from TurboTax experts via phone or chat.
E-file or print and mail your return to the IRS and your state
After reviewing your return, you can choose to e-file or print and mail it to the IRS and your state. E-filing is faster, safer, and more convenient than mailing, as you can get your refund in as little as 21 days and track its status online. You can also pay any taxes you owe online with various options, such as credit card, debit card, bank transfer, or IRS Direct Pay. If you prefer to print and mail your return, TurboTax will provide you with the instructions and forms that you need to do so.
Conclusion and FAQs
In conclusion, TurboTax is a great way to file your taxes easily and accurately. You can download 2020 TurboTax from the official site and choose the product that suits your needs. You can also get unlimited help and advice from tax experts while you do your taxes. TurboTax will help you find every deduction and credit you deserve and get your maximum refund guaranteed.
If you have any questions about TurboTax or how to download 2020 TurboTax, here are some FAQs that may help:
Q: How do I know if I qualify for free filing with TurboTax?
A: You can file for free with TurboTax Free Edition or TurboTax Live Basic Full Service if you have a simple tax situation (1040) with no schedules. This includes income from W-2s, unemployment benefits, interest income, dividends income, retirement income, stimulus payments, earned income credit (EITC), child tax credit (CTC), recovery rebate credit (RRC), standard deduction, etc.
Q: How do I update my TurboTax software to the latest version?
A: If you are using TurboTax Online, you don't need to update anything as it is always up to date. If you are using TurboTax CD/Download, you can check for updates by clicking on "Online" in the menu bar and then selecting "Check for Updates". You can also enable automatic updates by clicking on "Help" in the menu bar and then selecting "Check for Updates Automatically".
Q: How do I get my refund faster with TurboTax?
A: The fastest way to get your refund is to e-file your return and choose direct deposit as your refund method. You can also track the status of your refund online by using the IRS Where's My Refund tool or the TurboTax Refund Tracker tool.
Q: How do I contact TurboTax customer support?
A: You can contact TurboTax customer support by phone or chat. The phone number is 1-800-446 -4464. The chat option is available on the official site or within the TurboTax software. You can also get help from TurboTax experts via phone or chat if you are using a TurboTax Live product.
Q: How do I get a copy of my TurboTax return?
A: You can get a copy of your TurboTax return by signing in to your account and downloading it as a PDF file. You can also print it or save it on your computer. If you are using TurboTax CD/Download, you can also access your return on your computer by opening the file that you saved.
I hope this article has been helpful and informative for you. If you have any feedback or suggestions, please let me know. Thank you for reading and happy tax filing! 44f88ac181
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