You'll need TurboTax Premier ($90 federal, $45 per state) if you have to report on investment income and rental property this version was completely redesigned for 2019 to meet the more sophisticated needs of investors. It adds the Schedule A, so you can determine whether you'll itemize or take this year's standard deduction. TurboTax Deluxe costs $60 for federal taxes and $45 per state. The company is once again offering its Free Edition (free federal and state for 1040 filers includes support for the W-2 form, the Earned Income Credit (EIC), and child tax credits). TurboTax's prices have changed very slightly for the 2019 tax year, and they remain the most expensive among the sites we've reviewed. For all those reasons, and because TurboTax Live offers on-demand, unlimited, year-round tax advice for an extra $50, TurboTax Deluxe is our Editors' Choice for the 2019 tax year. This year's versions improve on that existing support and provide a tax interview that has become less like software and more like a real conversation with a professional. Always known for an outstanding user experience, TurboTax packs a lot of substance as well as style: It offers thorough coverage of tax topics in an easy-to-follow interview format, and its support rivals and usually bests its competition. This year's product line continues that tradition. Intuit's TurboTax family of personal tax preparation software and services has a long history of excellence that goes back more than 25 years.
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