How much will it cost me to file with TurboTax?

Posted by Caitlin on April 9th, 2009

The following post in our Reader Question series is an actual user submitted question. To maintain the integrity of the original question, we do not edit or change reader questions in any way.

Q: So, I will have to pay a federal fee of $49.95 and a state fee of up to $39.95 to file? I will be using the [TurboTax] Home & Business program for the first time.

A: The prices listed on the comparison chart refer to our suggested TurboTax package, the Deluxe package, which does cost $49.95 for the federal return, plus $39.95 for a state return. The Home & Business package is more expensive, because it offers a wider range of features and tools in order to handle more complex financial situations. For the Home & Business package, the federal return fee is $99.95, plus an additional $39.95 for a state return. Like many other tax preparation services, TurboTax has raised their prices as April 15, the tax filing deadline, approaches.

To learn more about TurboTax and to compare it with other online tax preparation services, see our reviews and comparison chart.