No. TurboTax Free Edition is an online-only product that supports simple tax returns that can be filed on Form 1040 without any attached schedules. Simple tax situations covered in TurboTax Free Edition: W-2 income Limited interest and dividend income reported on a 1099-INT or 1099-DIV Claiming the standard deduction Earned Income Tax Credit (EIC) Child tax credits Student Loan Interest DeductionSituations not covered in TurboTax Free Edition include: Unemployment income Itemized deductions Business or 1099-MISC income Stock sales Rental property income Credits, deductions, and income reported on schedules 1–3 TurboTax Deluxe includes the 1040 form with itemized deductions (Schedules 1–6, Schedule A and Schedule C income), along with everything in Free Edition and PLUS.

Question

Is it true that TT Deluxe, which I have to pay for, is less inclusive than TT Free File that I used last year? No Schedule C, SE tax deduction or insurance deduction?

Forum|Forum|4 years ago
April 15, 2022
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TurboTax Deluxe Online

LenaH

No.

TurboTax Free Edition is an online-only product that supports simple tax returns that can be filed on Form 1040 without any attached schedules.

Simple tax situations covered in TurboTax Free Edition:

W-2 income
Limited interest and dividend income reported on a 1099-INT or 1099-DIV
Claiming the standard deduction
Earned Income Tax Credit (EIC)
Child tax credits
Student Loan Interest Deduction

Situations not covered in TurboTax Free Edition include:

Unemployment income
Itemized deductions
Business or 1099-MISC income
Stock sales
Rental property income
Credits, deductions, and income reported on schedules 1–3

TurboTax Deluxe includes the 1040 form with itemized deductions (Schedules 1–6, Schedule A and Schedule C income), along with everything in Free Edition and PLUS.

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M

mesquitebean

Employee

@ kathleenosullivan

Last year TurboTax had 2 free products---regular Free Edition (a limited product) and the TurboTax IRS Free File Program (full-featured for those who qualified.) So it depends on which one of those you are talking about.

By "TT Free File" that you used last year, did you mean the TurboTax IRS Free File Program? If so, then Online Deluxe is less powerful than that former TurboTax product that partnered with IRS Free File.. TurboTax no longer participates in the IRS Free File Program.

The TurboTax IRS Free File Program last year could handle all forms including Schedule C (with or without expenses), D, E, etc.

Online Deluxe is quite a bit more limited. Online Deluxe can handle a Schedule C that has only income, but cannot handle a Schedule C that has expenses. It also can't handle Schedules D, E, F, and can't enter a K-1.