How to File Taxes Online With TurboTax

Filing your taxes doesn’t have to be complicated. In fact, it couldn’t be easier to file your taxes because you can use a tax preparation service like TurboTax Online.

Table of Contents

We are Going to Show You How to File Taxes Online with TurboTax

The step-by-step process offered by TurboTax makes filing your taxes easier than ever before.

We highly recommend using it because it’s the fastest way to get your refund and is designed to help individuals get all the tax credits and deductions they are eligible for. 

Filing your taxes online couldn’t be easier. You can create an account with TurboTax and begin filing your tax return at any time

TurboTax Online asks a series of questions to gather the necessary information to prepare your tax return accurately and identify all the tax deductions and credits you may be eligible for.

The specific questions can vary depending on your individual tax situation, but here are some common questions that TurboTax asks:

  1. Personal Information: TurboTax begins by collecting basic information, such as your name, address, Social Security number, and filing status.

  2. Income: You'll be asked about the various sources of income you received during the tax year, including wages, self-employment income, interest, dividends, rental income, retirement income, and more.

  3. Deductions: TurboTax inquires about potential deductions, including medical expenses, mortgage interest, property taxes, and other itemized deductions.

  4. Credits: TurboTax asks about tax credits for which you may be eligible, such as the Earned Income Tax Credit (EITC), Child Tax Credit, education credits, and energy efficiency credits.

  5. Dependents: If you have dependents, TurboTax will ask for their information, including names, Social Security numbers, and related expenses.

  6. Employment and Expenses: For individuals with business or self-employment income, TurboTax asks about business expenses, deductions, and income.

  7. Investments: If you have investments, TurboTax will ask about capital gains and losses, dividends, and interest income.

  8. Retirement: TurboTax inquires about contributions to retirement accounts, withdrawals, and any potential retirement-related deductions or credits.

  9. Healthcare: Questions related to health insurance coverage, the Affordable Care Act, and Health Savings Accounts (HSAs) are included.

  10. Education: For those with education expenses, TurboTax asks about tuition, student loan interest, and education credits.

  11. Real Estate: If you own a home or other real estate, questions about mortgage interest, property taxes, and home-related expenses are included.

  12. Charitable Contributions: TurboTax will ask about any charitable donations you made during the tax year.

  13. State Taxes: If you need to file state income tax, TurboTax will gather information specific to your state's tax laws.

  14. Final Review: TurboTax conducts a final review to ensure that all the necessary information has been collected and that the tax return is accurate and complete.

TurboTax tailors its questions based on your responses, ensuring that you only answer questions relevant to your tax situation. This approach simplifies the tax filing process and helps you identify deductions and credits specific to your financial circumstances.

Keep in mind that the specific questions may vary from year to year, and TurboTax stays up to date with changes in tax laws to guide you through the filing process accurately.

These questions are vital for TurboTax to understand which tax forms you’re going to need to complete your tax return successfully.

w2 form 2021, 2022

The next stage of the process now that you have received a filing status is to provide your 1099, W-2, and any additional forms relevant to your situation.

If your employer makes your W2 available online, you only need to provide your employer identification number, and your W2 form can be automatically be imported.

Finally, you’ll get a number of questions that further check your status, such as whether you were involved in a natural disaster, whether you were in higher education, or if you have additional tax breaks because of disability or previous military service.

Can I File My Taxes for Free with TurboTax?

TurboTax free file service is for simple tax returns only. See if you qualify! 

More complex tax affairs will require you to purchase the upgraded service. There are three paid packages you can take advantage of.

Furthermore, you’ll be able to enjoy the benefits of specialist support and the chance to take advantage of filing your state taxes at the same time.

However, even with the free service, you get the guarantee of 100% accuracy with no mistakes.

Plus, you can still take advantage of the live chat feature, which is run by professional tax preparers who know what they’re doing. You always have a limited amount of support, even with the free service.

When is the Tax Filing Deadline?

The final tax deadline for the US is Monday, April 15th. However, you should aim to file your taxes earlier, so you can take the weight off your mind.

You can file your taxes with TurboTax the moment you get the relevant forms from your employer for this tax year.

Even if the IRS is not yet accepting filings, TurboTax will keep your tax return on file and submit it at the earliest possible opportunity.

How to File Your Taxes Simply and Easily

We recommend TurboTax as the number one tax preparation platform for America. If you want to file your taxes the smart way, there’s no better alternative.

With a guarantee of accuracy and perfection, you can have peace of mind when you file your taxes this year. TurboTax stays up to date with changes in tax laws to guide you through the filing process with ease.