(Often same price as Self-Employed)
Beyond the specific feature sets, it is crucial to compare the download versions against their online counterparts to fully appreciate their value proposition. The download versions generally offer superior value for users who need to file multiple returns. Unlike the online versions—which often charge per state or require separate payments for state filing—the desktop versions typically include the preparation and e-filing of up to five federal returns. Additionally, the download versions allow users to work offline, ensuring that sensitive financial data is stored locally on their hard drives rather than in the cloud, an important consideration for privacy advocates. compare turbotax download versions
TurboTax is one of the most popular tax preparation software options available, offering a range of download versions to suit different needs and budgets. In this review, we'll compare the various TurboTax download versions to help you decide which one is right for you. (Often same price as Self-Employed) Beyond the specific
Finally, serves a distinct demographic: the self-employed and small business owners. This version is a hybrid, combining the features of Premier with specific tools for sole proprietors and independent contractors. It simplifies the often-daunting process of filing Schedule C, helping users identify industry-specific deductions. Features such as the ability to create W-2s and 1099s for employees and contractors are exclusive to this tier, making it a vital administrative tool for small business operations. While freelancers can technically file using the Premier version, they would miss out on the specific business expense categorization and audit support mechanisms tailored for the self-employed, making Home & Business the superior choice for entrepreneurs. Additionally, the download versions allow users to work
Buy this only if your only income is from a job, a bank savings account, and perhaps a small side gig without assets.
You cannot e-file business returns through Home & Business; you must print and mail them. But for a small business owner who wants to prepare their own corporate return, it’s the only desktop option.
| Feature | | Premier | Self-Employed | Home & Business | | :--- | :--- | :--- | :--- | :--- | | Best for | W-2 earners, homeowners, charity | Investors, rental property owners | Freelancers, gig workers, 1099 contractors | Business owners (LLC, S-Corp, sole prop) | | Investment sales (stocks/crypto) | ❌ (Manual entry only) | ✅ (Imports from brokerages) | ✅ | ✅ | | Rental property income | ❌ | ✅ | ✅ | ✅ | | Business expense finder | ❌ | ❌ | ✅ | ✅ | | Schedule C (Profit/Loss) | Basic only | Basic only | Advanced (Industry-specific) | Advanced + Payroll | | Asset depreciation | ❌ | ❌ | ✅ | ✅ | | Corporate/Partnership returns | ❌ | ❌ | ❌ | ✅ (1120, 1065, etc.) | | Maximum state returns | 1 | 1 | 1 | 1 |