Are you intimidated by the amount of tax you have to pay each year? Do you think having a tax preparation and logging app can help you in this regard? Don’t worry! I have got your back as I came with the best tax software in my hand which is TurboTax 2018 by Intuit!
Most of the tax preparation software scares us with the features and financial terminology only economists understand. TurboTax 2018, on the other hand, helps you prepare taxes in the best way possible without making you confused.
Intuit TurboTax 2018 has different pricing plans with obvious differences in features. You can choose one according to your needs and requirements. Here, I am reviewing the tool to find whether it is worth the money or not.
TurboTax 2018 Review
Simply put, TurboTax 2018 is the tax preparation software for US natives. They boast the position of best tax software year after year. Intuit doesn’t offer their product for a cheap price. Still, the ease of access, elegant interface, and simple features make it stand out from the rest.
Even after becoming the best tax software, they haven’t settled. The company keeps on adding new features every year. Other companies actually get inspired from the features of TurboTax and started offering the same. Still, they couldn’t break the fortress of Intuit as the best software out there.
You surely need a tool to fill your tax returns. When it comes to selecting one, you have to consider all your transactions. For a person with the least number of transactions, a feature-rich app will be a luxury. Similarly, you need the best software in case you have a lot of monthly transactions.
The happy news is TurboTax 2018 fits well for both kinds of people. The sleek interface and simple options make it easy for you to fill tax forms.
Links to Buy TurboTax 2018 at Best Prices from Amazon:
#1. Click here to Buy TurboTax Basic Version (Recommended for Personal Use)
#2. Buy TurboTax Deluxe from Here (Recommended for Small Business)
#3. Order TurboTax Premier on Amazon (Recommended for LLP Companies)
#4. Buy Home & Business Version from Amazon (Recommended for Large Scale Companies)
#5. Buy TurboTax Business 2018 from Amazon (Recommended for MNCs)
TurboTax 2018 Features & Comparison
|Features Available in TurboTax||Basic Version||Deluxe Version||Premier Version||Home and Business Version||Business Version|
|Five federal e-files||X||X||X||X||X|
|A TurboTax state product||X||X||X||X||X|
|PC/ Mac Support||Both||Both||Both||Both||PC only|
|Schedule A, B, C, D, & E support||–||A only||B,D &E||A, B, C, D & E||A, B, C, D & E|
|60 days money back guarantee||–||–||–||–||X|
I hope you came to a conclusion now. As you can clearly see from the table, TurboTax 2018 Business is the superior version. But it is only available for PC. If you are a Mac user, my recommendation to you us Home and Business version. On the other hand, you should go for Business version if you want the software only for Windows.
Features of TurboTax 2018 in Detail!
In this TurboTax 2018 review, you are going to read about its features next.
#1. The Availability of Mobile Apps
We can’t always sit in front of a computer. Sometimes you may feel the necessity to fill tax forms even when you can’t get your hands on a computer. There comes the importance of a mobile app!
TurboTax 2018 has mobile applications for both Android and iOS. The applications include all the features of the main software. Means you can do almost all the tasks you do using the full-version. I don’t think you are using a Windows or a Blackberry phone, are you? In such cases, you have to sacrifice the unavailability of mobile apps or you should change your mobiles.
#2. Useful Popup Menus
I know you aren’t a fan of popup menus. Neither do I like them. Still, Intuit TurboTax’s effective use of popup menus dropped my jaw. During your early stage in the tax filing, you get a popup menu that navigates to an area, using which you can go to any point in your returns.
It also comes handy in displaying the maximum possible tax reductions. Say you have given your occupation as a student. It will display the deductions you are eligible for. Then, you can make sure that you save every single penny without paying unnecessary taxes.
#3. Identification of Audit Risks
Being an ordinary person, you don’t have an idea about what triggers an audit over your transactions. That’s why Intuit included an audit meter with the software package.
During your filing, it will show the segments of your taxes that can evoke an audit. In most of the cases, TurboTax 2018 gives you correction guidelines, with the help of which you can eliminate the issues right away.
I know this is the most significant feature you read in this TurboTax 2019 review.
#4. Effective Deduction Discovery
Most of us are unaware of the ways to reduce taxes. As I said earlier, you can avail some deductions as a student. The sad truth is not all of us know about it.
TurboTax 2018 makes it easy for you with suggestions. Whenever it finds an opportunity to reduce the amount of taxes, it will display the same on the interface. Moreover, you can go through the opportunities by yourself.
The guides bundled with the software allow you to have the maximum tax deductions whenever possible.
#5. Responsive Telephone Support
You come across doubts when filing a tax return given that you are not an expert in economics. You need a responsive support method rather than the conventional and slow emails or support tickets.
Intuit TurboTax 2018 offers telephonic support (not for all plans, though) to its customers, making use of which you can talk to financial experts and solve your problems right away.
On the other side, you will have experienced tax attorneys, public accountants, and other professionals to guide you the right way.
#6. Easy Resources
Do you want to fill your taxes on your own? Do you want to know the process in detail?
For both the uses, TurboTax 2018 gives a series of resources. Making use of them, you will never find it difficult to fill your tax returns.
They have a dedicated community with frequently asked questions and their answers. Most of your queries will get answered there itself.
Not only that, you get a forum, video tutorials, and a glossary to felicitate the learning process. You just read in the above section that the software has a telephonic support feature. The resources coupled with the responsive support team, you will not find it hard to fill your returns.
Now that you have read about the overall features, let’s move on to scrutinizing each plan. Not to mention, a higher plan includes all the features of the lower plan and some extra facilities.
#1. TurboTax 2018 Basic Review
With TurboTax Basic 2018, you get five federal e-files for free. When it comes to state files, you have to spend some additional bucks.
As I have already mentioned in the overall features section, you can easily prepare and print the return. You can import data from forms like W-2. The latest edition of the software provides you a feature to upload the picture of your W-2 forms.
When you make a mistake, TurboTax Basic shows you the same along with the suggestions to make the correction. In case you are able to get Earned Income Tax credit, the software helps you file scheduled EIT.
Using the basic edition of TurboTax 2018, you can file any form under Affordable Care Act. The software also checks your eligibility to get your hands on subsidies for health insurance policies.
While you fill your form of taxes, the interface asks you some targeted questions, based on the answers of which you can avail tax deductions and credits. As it confirms your eligibility for a deduction, it will show the same on the interface for you to claim the same.
I have already given you the information about the forum of TurboTax users. The forum has the name, AnswerXchange. You can post any question related to the tax and software there. Experienced TurboTax users answer your queries without making you waited for so long.
You can even share your tax filing screen with a representative to get help. The feature is named as SmartLook. It is possible for you to see your tax refunds in real time. The best thing about the software is you don’t need to have an extensive knowledge in the matter of taxes to file your returns.
The software is available in three forms. You can download it directly from the sales page for Mac and Windows. If you want both the versions, you will have to purchase them separately. Also, the software is available as a disc that includes Mac and Windows variants.
As of now, the price for TurboTax Basic 2018 is $29.99 which is slashed using TurboTax Basic coupon. The same goes on with all the versions including the disc as well. By purchasing the basic version, you become eligible to try the Deluxe version too. So, are you ready to make your tax filing process effortless?
#2. TurboTax Deluxe 2018 Discount Offer
If you are a person who makes financial transactions a lot, you may not find the Basic edition suitable for you. The basic version imposes a few limitations when you try to add transactions a lot beyond its capacity. That’s where you may look for other software. But you shouldn’t! All you have to do is upgrading your subscription to Deluxe.
TurboTax Deluxe 2018 offers all the features of the basic subscription plus some other advanced options. You get extra help to maximize 350+ deductions and credits. Provided you are a newbie to the world of tax, you will find it as an asset to get valid advises from experienced attorneys and public accountants.
ItsDeductible is a new feature got integrated to the interface that helps you fetch the maximum deductions for your tax returns. You can easily import data like W-2 forms, mortgage information and even the data from the last year.
Do you think it isn’t possible to import data from another tax tool? Nope! Being the best tax software TurboTax 2018 can bring the data from other software to the front and make it editable.
Along with five free federal e-files, you get a chance to have a TurboTax state download as well. Besides that, you can also grab 35% Discount on this software by using our special TurboTax Deluxe Coupon for 2018 version!
If you think itemizing your financial transactions is important, TurboTax helps you do the same by filing a Schedule A.
All the Deluxe customers get access to every return you have filed previously with the software.
If you are an entrepreneur or a contractor, you need to pay self-employment tax. Means you have to file a Schedule C. TurboTax 2018 Deluxe has only the partial support for Schedule C. You can’t get the maximum deductions with it. Still, it is possible to deduct expenses up to $100. If you want deductions for you other home-office expenses, you need to opt for another higher version.
Do you earn miscellaneous income? Does your current software lack the facility to log it in? Don’t worry! You can file unlimited 1099s (miscellaneous incomes) on TurboTax Deluxe 2018 version.
Both Mac and Windows versions are available for you to download from the sales page. A disc is also available including two of the variants. You need to pay a one- time fee of $59.99.
If you buy the software from Amazon, you will get an exclusive offer of free 1 year trial Quicken Starter Edition 2018.
#3. TurboTax Premier 2018 Review
If you are getting non-wage income, you will find TurboTax Premier 2018 version to be the best. Along with all features of Deluxe, you get special guidance for handling bonds, mutual funds and stocks.
My Analysis & Advice is a feature on TurboTax that comprehends your tax history and comes up with the best suggestions for the next year.
With TurboTax 2018 Premier version, you can file Schedule B. It provides all the forms necessary for filing Schedule B as you get benefited from interest income at a rate more than $1500 per month.
Schedule D is necessary to cover all your profits and losses from assets like stocks, real properties etc. You can import the data from your brokerage with the help of TurboTax. Once you finish filling forms for Schedule D, it will help you come up with the deductions and credits.
Are you a person who has income from rental properties? Did you file Schedule E yet? Do you think it is hard to file all those forms?
Don’t worry! TurboTax Premier 2018 supports Schedule E as well. With the help of the software, you can file it like a walk in the park.
The exclusive Amazon offer of a 1-year trial version of Quicken Starter Guide Edition 201 i8s available for this version too.
You can avail both Windows and Mac versions of the software from the Amazon sales page itself. If you think you will have to install the software on other computers, you can buy the disc that includes the versions for two of the platforms.
You have to pay $89.99 to get your hands on this. Given that the guidance for stocks, and non-wage incomes helps you deduct the tax amount, I don’t think the charge is expensive.
#4. TurboTax 2018 Home and Business Review
Are you a startup owner? Do you work from home?
If you say yes to any of the questions given above, you should buy TurboTax Home and Business 2018. This one also has a simple and easy-to-use interface that offers you maximum tax deductions.
You get full support for Schedule C filers (for example home office deductions) with this product.
Sometimes, you may have to hire some employees. And, you have to show their salaries in your transactions too. Means generation of W-2 forms becomes mandatory. TurboTax 2018 Home and Business can generate both 1099 and W-2 forms without any issues.
Just like the previous versions, you get five federal free e-files along with a free TurboTax State product download.
The version involves extra guidance for startups to get an idea of the business deductions. You will find the way to minimize your tax amount using TurboTax without sweating much.
You can easily import data from your Quickbook and Quicken. It also saves time as you don’t have to fill all the forms manually.
Do you use the financial app Mint? TurboTax has the ability to import your transaction details from Mint and minimizes your effort.
Yeah, you are eligible to have a one year free trial version of Quicken Starter Edition 2018 only if you purchase the product from Amazon, the link to which is given below.
You have to pay $99.99 for it and, you are eligible for free delivery if you buy the disc.
#5. TurboTax Business 2018 Review
This is the ultimate version of TurboTax. If you are fully into business, you must purchase this product.
Given that you have to deal with a lot of transactions daily, a complete manual tax filing is not as easy as it sounds. That’s why you need the software like TurboTax Business 2018.
You get extra guidance for reporting all the transactions. And, it provides you with effective suggestions to decrease the tax amount you pay.
Just like the previous version, you can easily create W-2 and 1099 forms with ease. You should send them to your employees and contractors.
You get all the features without any limitation here. All the features of TurboTax 2018 Home and Business version are available with this one as well.
Unfortunately the Mac version of TurboTax 2018 Business isn’t available on Amazon. I have checked with the homepage of their official website too. I couldn’t find it there either.
You have to pay $149 to get your hands on this product. Both the download and disc methods are available on the sales page. If you are hesitant to spend this much money, you shouldn’t be afraid of losing your money given that they have a money back policy lasting two whole months.
Cons of TurboTax 2018
You are going to read the disadvantages of the software in this TurboTax 2018 review.
#1. Expensive (but Worth the Price)
If you are on a shoelace budget, you can’t buy the most premium plans for this product. Given that there are tons of useful features, I am sure that they are charging the nominal amount.
Still, you can’t buy because of the price. I have a recommendation for you. Just go with the basic version and enjoy the basic features. Once you get the hang of the software, you can upgrade to higher plans as you get more money.
#2. Not all the Forms are Available with the Basic Version
It really isn’t possible to put all the eggs into a single basket. So, you will not get every form with the basic version.
It doesn’t support several schedules on the basic subscription plan. If you need more facilities, better you go for higher plans.
Final Verdict of TurboTax 2018!
You have just finished reading my TurboTax 2018 review. What do you think?
From my experience, all I can say is TurboTax 2018 is the best tax preparation software right now. They have been serving the customers for several years.
What are you waiting for? You have to choose a right subscription plan that suits your needs and budget. Once you decide on it, go ahead and buy it within no time.
Don’t forget to share this TurboTax 2018 review with your friends. 😀 This best tax software is developed by Intuit! You can visit the official website which is intuit.com! Stay tuned to Turbotaxhome.com for more updates and reviews on various Tax Software!