Of course! TurboTax Online automatically saves your work as you go through the interview. Plus, when you sign out, we'll make sure to save everything before we sign you out.

If you received a 1099-MISC for an activity you performed as an independent contractor (nonemployee), you will be subject to self-employment tax if the amount received is over $400. Essentially, you are considered self-employed, so TurboTax is routing you appropriately through the interview.

If we detect that your tax situation requires expanded coverage, like deductions for owning a home, unemployment income, or self-employment income, we'll prompt you to upgrade to a version that supports the forms you need so we can maximize your tax deductions and ensure you file an accurate return.

Cons of Using TurboTax: On the other hand, a CPA can provide personalized advice and answer specific questions. Potential Errors: Although TurboTax is designed to be user-friendly, there is still a risk of input errors or misunderstandings during the data entry process.

The Federal Trade Commission is taking action against Intuit Inc., the maker of the popular TurboTax tax filing software, by issuing an administrative complaint against the company for deceiving consumers with bogus advertisements pitching “free” tax filing that millions of consumers could not use.

In March 2022, during the first tax season in which TurboTax did not participate in the Free File program, the FTC sued Intuit over deceptive ads for its so-called “Free” edition. Intuit disputed the FTC's arguments but agreed to pull the ads in question for the remainder of tax season.

If you have not paid for TurboTax Deluxe then you can downgrade to the free version by using the Clear & Start Over option.

1. With TurboTax open select tax tools in the left-hand panel.
2. Then select Clear & Start Over.
3. Select yes when asked are you sure you want to clear your return.

If you qualify for credits or deductions not covered in the Basic plan that boost your refund, it could be worthwhile to upgrade to Deluxe. The Deluxe tier includes everything in the Basic version but also searches through more than 350 tax deductions and credits to find tax breaks that you qualify for.

With its intuitive design and variety of human support options, TurboTax is in many ways the standard for the do-it-yourself tax-prep industry. Its products come at a price, however, and confident filers might find that similar offerings from competitors may provide a better value.

The Federal Trade Commission started investigating Intuit too, looking into the company's allegedly deceptive marketing practices. Ultimately, Intuit was found to have tricked millions of Americans into paying to file their taxes when they should have been able to do so for free.

Filers wronged by 'predatory' marketing “TurboTax's predatory and deceptive marketing cheated millions of low-income Americans who were trying to fulfill their legal duties to file their taxes,” James said in a statement.

“TurboTax's predatory and deceptive marketing cheated millions of low-income Americans who were trying to fulfill their legal duties to file their taxes,” said New York Attorney General Letitia James in a press release.