Still need to file? An expert can help or do taxes for you with 100% accuracy. Get started

Skip To Main Content
TurboTax Logo
TurboTax / Tax Calculators & Tips / Tax Tips Guides & Videos / Fun Facts / 20 Common Tax Deductions: Examples for Your Next Tax Return

20 Common Tax Deductions: Examples for Your Next Tax Return

Written by Rocky Mengle, J.D. (Tax Attorney) • Reviewed by Miguel Burgos, CPAUpdated for Tax Year 2023 • May 14, 2024 2:20 PM
OVERVIEW

Many tax deductions are available for everyday purchases and expenses. And, of course, you don’t want to miss out on any of these common tax deductions. Examples include deductions for sales tax, student loan interest, IRA contributions, charitable donations, and home offices. More tax write-off examples are listed below.

Person sorting through clothes for donation

Key Takeaways

  • Beyond the well-known standard deduction, many taxpayers are unaware of numerous other deductions that could lower their tax bills. The importance of being informed about these opportunities to maximize tax savings can’t be overemphasized.
  • Taxpayers can take advantage of deductions for various everyday expenses, such as student loan interest, IRA contributions, self-employed retirement plans, and health-related costs like insurance premiums and out-of-pocket medical expenses.
  • Self-employed people have access to a range of deductions designed for them, including write-offs for health insurance premiums, home offices, business expenses, qualified business income, and a portion of their self-employment tax.
  • Many deductions, such as those for medical and dental expenses, state and local taxes, mortgage interest, and gifts to charity, require taxpayers to itemize their deductions. However, itemizing is beneficial only if the total of all your itemized deductions exceeds the standard deduction available for your filing status.

What can you write off on your taxes as a deduction?

Everyone’s looking for easy write-offs that can cut their tax bill. Fortunately, there are several tax deductions for everyday expenses that can do just that…if you know about them.

The trouble with many deductions is that people often aren’t aware of their existence. Most people know about the standard deduction, but widespread familiarity with certain other common tax deductions is a bit more iffy.

So, to help you take advantage of all the write-offs you’re entitled to claim, here are 20 tax deduction examples that are available to millions of Americans. Check them out to see if you qualify when you’re filing your next federal income tax return.

1. State income or sales tax deduction

You have the option of deducting either state income taxes or sales taxes on your federal return.

For most people, you’ll save more by deducting your state income tax. However, if you live in a state with no income tax, you’ll want to go with the sales tax deduction. Or, if you made a big purchase during the tax year (e.g., you bought a wedding ring or a car), the sales tax write-off might be a better deal, even if you also paid state income taxes for the year.

There are a couple of catches, though. First, you have to itemize to deduct state sales or income taxes, which means you can’t also take the standard deduction. Second, for the 2018 to 2025 tax years, your deduction for all state and local taxes is capped at $10,000 ($5,000 if you’re married and filing a separate tax return).

2. Property tax deduction

You can also deduct your property taxes. This includes both real estate taxes and personal property taxes.

However, as noted above, you have to itemize and all state and local taxes – including property taxes – are combined and then capped at $10,000 ($5,000 if you select the married filing separately filing status).

TurboTax Tip:

If you pay next year’s property taxes this year (e.g., in December), you might be able to deduct them on your tax return for the current tax year. The key is that the taxes must actually be “assessed” and paid in the current year. State or local law dictates when a property tax is assessed, which is generally when you become liable for the tax imposed.

3. Student loan interest deduction

Student loan payments can be a huge drag on your finances for years. But did you know you might be able to deduct up to $2,500 of the interest you pay on those loans?

The student loan interest deduction is only available to the person who is legally responsible for paying the student loan. So, if a parent or someone else pays your student loan for you, you can still claim the deduction if you’re the one who’s legally obligated to pay off the loan.

If you make too much money, your deduction will be phased-out. And you can’t claim the deduction if you’re married and file a separate tax return from your spouse. But at least you don’t have to itemize to deduct your student loan interest.

4. Home mortgage interest deduction

If you’re a homeowner, you likely have a monthly mortgage payment weighing you down. But at least you might be able to deduct the interest paid on the loan.

There are some restrictions, though. First, you have to itemize to claim the mortgage interest deduction.

You also can only deduct mortgage interest to the extent the loan is used to buy, build, or substantially improve the home securing the loan.

There are also limits on the loan amount, depending on when the mortgage is taken out. Generally, you can only deduct home mortgage interest on up to:

  • $750,000 of a mortgage taken out after December 15, 2017 ($375,000 if you’re married filing separately), and
  • $1,000,000 of a mortgage taken out on or before December 15, 2017 ($500,000 if you’re married filing separately).

Mortgage points are generally deductible, too.

5. IRA deduction

Even if you’re decades away from your golden years, it’s never too early to start saving for retirement. And if you’re middle-age or older…well, you don’t have much time left to save.

But the good news is that the tax code provides some help in the form of a tax deduction for contributions to a “traditional” individual retirement account (IRA). And you don’t have to itemize to claim this deduction.

For the 2024 tax year, the maximum IRA deduction is $7,000 for most people (up from $6,500 for 2023). But if you’re at least 50 years old, you can deduct an additional $1,000 of “catch-up” contributions to an IRA – for a maximum of $8,000 (up from $7,500 for 2023).

If you or your spouse is covered by a retirement plan at work, your IRA deduction might be gradually phased out (potentially to $0). You also can’t claim the deduction for contributions to a Roth IRA.

6. Self-employed SEP, SIMPLE, and qualified plans deduction

Self-employed people need to save for retirement, too. And there are special retirement plans designed just for them (and other small business owners), such as:

  • Simplified Employee Pension (SEP) IRAs,
  • Savings Incentive Match Plan for Employees (SIMPLE) IRAs, and
  • Solo 401(k) plans.

The good news: Self-employed people can generally deduct contributions to these plans, up to each plan’s contribution limit.

7. Medical and dental expense deduction

This is actually a deduction you usually don’t want to take, because if you’re eligible for the write-off it typically means you have a serious health problem. But if you’re ill, involved in a major car accident, or have some other condition or reason for getting large medical bills, you might be able to offset some of those costs with the medical expense deduction. (Dental bills are deductible, too.)

However, there are two important limitations on the deduction:

  • You must itemize to claim the deduction (so you can’t claim the standard deduction), and
  • It’s only available for medical and dental expenses that exceed 7.5% of your adjusted gross income (AGI).

For example, assume you itemize, have $10,000 of eligible medical expenses, and have $100,000 of AGI. In that case, 7.5% of your AGI is $7,500 ($100,000 x .075 = $7,500). So, you can only deduct $2,500 of your medical costs, which is the amount that’s greater than $7,500 ($10,000 - $7,500 = $2,500).

8. Health insurance premiums deduction

And speaking of medical expenses, the best way to cover them is with health insurance. But if you have to cover the cost of health insurance by yourself, your premium payments can quickly blow up your budget.

Medical and dental insurance premiums that you pay yourself (e.g., not paid through payroll deductions) are generally eligible for the medical expense deduction. But you usually can’t deduct them because of the 7.5%-of-AGI limit (see above).

However, if you’re self-employed and responsible for your own coverage, you might be able to deduct 100% of your health insurance premium costs without having to worry about the 7.5% restriction. You don’t have to itemize to claim the deduction for self-employed health insurance costs, either.

Plus, the deduction covers the cost of insuring your spouse and dependents, too.

9. HSA deduction

One way to cover your healthcare expenses is through a health savings account (HSA). These are tax-advantaged accounts used to save for future medical costs.

You can only put money in an HSA if you’re covered under a high-deductible health plan (HDHP). But if that’s the case, you can deduct contributions to your HSA, up to the annual contribution limit.

For 2024, the HSA contribution limits are:

  • $4,150 if you have self-only coverage under an HDHP ($4,300 for 2025), or
  • $8,300 if you have family coverage under an HDHP ($8,550 for 2025).

If you’re at least 55 years old, you can contribute (and deduct) an additional $1,000 each year.

10. Alimony deduction

If you’ve been divorced or separated for a while, you might be able to deduct alimony paid to your former spouse. It’s not an itemized deduction, so you can also claim the standard deduction on the same tax return.

The alimony must be paid according to a divorce or separation agreement from before 2019. However, the agreement can’t be modified later to provide that the alimony you pay isn’t included in your former spouse's taxable income.

You’ll also have to give the IRS your former spouse’s Social Security number, so the IRS can check to make sure he or she is reporting the alimony as income.

11. Moving expenses deduction (military personnel only)

If you’re in the military, thank you for your service. And if you have unreimbursed expenses from PCSing (that’s making a “permanent change of station” for you civilians), you might be able to deduct your moving costs on your tax return if you’re on active duty (you don’t have to itemize to claim this deduction).

You must be on active duty and your move must be due to a military order. This can include moving from your home to your first post, moving from one permanent post to another, and moving from your last post to your home.

If you drive your own car from one post to another in 2024, you can deduct either:

  • Your actual expenses for gas, oil, and the like, or 
  • 21¢ per mile (22¢ per mile for moves in 2023).

Parking fees and tolls are also deductible…again, as long as they’re not reimbursed.

The moving expense deduction for non-military taxpayers was suspended for the 2018 to 2025 tax years.

12. Educator expense deduction

Many teachers dip into their own pocket to buy supplies needed for the classroom. While it may sometimes seem like nobody appreciates that dedication, the IRS does.

With the educator expense deduction, qualified K-12 educators can deduct up to $300 for materials purchased in 2024. The maximum deduction is adjusted for inflation each year (although it was $300 in 2023, too).

You can also take advantage of this deduction even if you don’t itemize.

13. Gambling loss deduction

Did you have a weekend in Las Vegas that didn’t go so well? Or perhaps you had a string of bad luck at the track. If you’re a gambler, you might be able to deduct the cost of your bad bets (including the cost of non-winning bingo, lottery, and raffle tickets).

However, you can only deduct gambling losses to the extent you report gambling winnings as taxable income on your return. So, for example, if you won $1,000 during the year but bet a total of $5,000, you can only deduct $1,000 in losses.

You also have to itemize to deduct gambling losses. 

14. Charitable gift deduction

Did you know you can deduct money or goods given to charities, churches, schools, other tax-exempt organizations? You have to itemize to claim the charitable gift deduction, and there are certain income-based restrictions (e.g., cash contributions can’t be more than 60% of your AGI), but it’s a great tax break for charitably-minded people.

If you do volunteer work for a charity, your unreimbursed out-of-pocket expenses are also deductible if they’re:

  • Directly connected with your volunteer services,
  • Incurred only because of your volunteer services, and
  • Not personal, living, or family expenses.

For example, if you make cupcakes for a charity fundraiser, you can deduct the cost of the ingredients you used to bake them.

If you drive your own car as a volunteer, you can deduct related expenses, too. You can either deduct:

  • Your actual expenses for gas, oil, and the like, or 
  • 14¢ per mile (i.e., the standard mileage rate).

You can also deduct tolls and parking expenses.

15. Casualty and theft loss deduction

Another itemized deduction is available for the value of personal property lost or stolen during a natural disaster, such as a hurricane, flood, earthquake, and the like. For the 2018 to 2025 tax years, the loss must be tied to a federally declared disaster.

The deduction amount is limited, too. You can only deduct a disaster loss to the extent:

  • The amount of each separate loss is more than $100, and
  • The total amount of all losses during the year (reduced by the $100 limit) is more than 10% of your AGI.

16. Jury duty pay deduction

If you receive payment for serving on a jury, you have to pay tax on that money. Plus, if you miss work because you’re called for jury duty, your employer still might pay your regular salary…which is also taxed.

However, if you’re required to hand over your jury duty pay to your employer because you still received your regular wages for the time you missed at work, you can deduct the jury pay on your tax return. And you don’t have to itemize to take this deduction.

17. Home office deduction

It wasn’t very common before the pandemic, but lots of people work from home now. However, for the 2018 to 2025 tax years, remote employees can’t deduct expenses related to their home office – but self-employed people can.

You can only deduct home office expenses if part of your home is "regularly and exclusively" used as your principal place of business. If so, you can deduct the costs for insurance, utilities, rent, mortgage interest, property taxes, repairs, maintenance, and more for that part of your home.

Self-employed people can calculate the home office deduction in one of two ways. You can either deduct:

  • The actual expenses related to your home office (i.e., your total home expenses multiplied by a percentage representing the portion of your home used for business), or
  • $5 for every square foot of your home office (up to 300 sq. ft.).

The deduction is claimed as a business expense on Schedule C (Form 1040), so you don’t have to itemize to take advantage of this write-off.

18. Business deductions for the self-employed

Self-employed people also get to deduct their business expenses that are both ordinary and necessary. An expense is “ordinary” if it’s common and accepted in your field of business, while a “necessary” expense is one that’s helpful and appropriate for your business. Examples of common business expenses include costs for:

  • Advertising,
  • Cars and trucks,
  • Commissions and fees,
  • Depreciation,
  • Employee benefit programs,
  • Insurance,
  • Interest,
  • Mortgages,
  • Legal and professional services,
  • Office space,
  • Rent,
  • Repairs and maintenance,
  • Supplies,
  • Taxes and licenses,
  • Travel,
  • Utilities, and
  • Wages.

The cost of goods sold are also deductible.

As with the home office deduction, business expenses are reported on Schedule C – so you don’t have to itemize to claim them.

The business expense deduction for employees was suspended for the 2018 to 2025 tax years. When allowed, it’s a miscellaneous itemized deduction that’s only deductible to the extent that all miscellaneous deductions exceed 2% of your AGI.

19. Qualified business income deduction

There’s another valuable deduction available to certain self-employed people for the 2018 to 2025 tax years – the qualified business income deduction (sometimes called the “Section 199A deduction” after the tax code section authorizing it). If you qualify, the deduction is worth up to 20% of your “qualified business income,” which is generally the net combined total of income, gain, deduction, and loss from any qualified trade or business.

However, the deduction is gradually phased-out (possibly to $0) for certain service-oriented business owners (e.g., lawyers, doctors, accountants, financial planners, and more) if their business income exceeds a certain amount. For 2024, the phase-out begins when taxable income before the deduction is greater than:

  • $383,900 for joint filers ($364,200 for 2023), or
  • $191,950 for everyone else ($182,100 for 2023).

You don’t have to itemize to claim this deduction. But unlike the other non-itemized deductions, this deduction is reported after the line for AGI on your tax return and, therefore, won’t lower your AGI.

20. Self-employment tax deduction

The bad news about being self-employed: You have to pay 15.3% of your income for social security and medicare taxes. This extra burden – known as the self-employment tax – is equal to the combined amount ordinarily paid by both employees and employers.

But there's one small consolation – you can deduct 50% of the self-employment tax (i.e., the 7.65% employer portion) from your taxable income. And the deduction applies whether or not you take the standard deduction or itemize.

FAQs about tax deductions

The tax deduction examples above will help you save money if you’re eligible to claim them. But people still often have general questions about tax deductions. For example, how do they compare to other tax breaks? What documentation is needed to claim a tax deduction? Can deductions help you save money in other ways?

Here are answers to some frequently asked questions about tax deductions. Hopefully, they’ll help you understand these tax breaks a little better.

What’s the difference between a tax deduction and a tax credit?

Both tax deductions and tax credits provide tax relief, but their methods and impacts differ considerably.

Tax deductions lower your taxable income. In other words, they reduce the base amount from which your taxes are calculated. The value of a tax deduction depends on the tax bracket you’re in. For example, if you qualify for a $500 tax deduction and are in the 22% bracket, the deduction results in $110 of tax savings ($500 x .22 = $110).

Tax credits, on the other hand, reduce the taxes you owe on a dollar-for-dollar basis. So, if you qualify for a $1,000 tax credit, it generally means you can subtract the full $1,000 from your tax bill. This actually makes tax credits more valuable than tax deductions.

However, it's important to note that there are two distinct types of credits: refundable and nonrefundable tax credits. Refundable tax credits can provide a tax refund if the value of the credit is greater than your total tax liability. Nonrefundable tax credits can reduce your tax liability to zero, but they won’t generate a refund if the credit exceeds the amount owed. So, obviously, refundable credits are better than nonrefundable credits.

What’s the difference between a tax deduction and a tax exclusion?

Both tax deductions and tax exclusions reduce the amount of income that’s taxed, but there’s an important difference.

With a tax deduction, you subtract the write-off from income that’s reported on your tax return. However, with a tax exclusion, you don’t even need to report excluded income on your tax return in the first place. For example, payouts from a life insurance policy aren't included in gross income and don't have to be reported on your return.

What deductions can I claim without receipts?

As a general practice, you want to keep any receipts related to a tax deduction (or other tax break) you plan to take. That way, if the IRS challenges a deduction, you have the documentation needed to back up your claim.

However, a handful of the tax deductions don’t necessarily require receipts. The standard deduction is one of them. It’s a set amount that’s mostly based on your filing status.

The home office deduction is another. If you simply claim $5 for every square foot of your home office, you don’t need to keep receipts for insurance, rent, utilities, repair cost, or any of the other actual expenses for your work space.

Likewise, if you’re deducting expenses related to the use of your car or truck, you can use the standard mileage rate without having to keep receipts for gas, oil, repairs, and other actual costs to drive and maintain your vehicle. In addition to the standard mileage rates listed above for volunteer service and military moving expenses in 2024, the you can claim:

  • 67¢ per mile for the business use of your vehicle (65.5¢ per mile for 2023), and
  • 21¢ per mile for medical-related travel (22¢ per mile for 2023).

The IRS also provides tables you can use to calculate the sales tax deduction if you don’t have receipts for all your purchases during the year.

In some cases, you’ll get a tax form or other notification from a third party providing the information you need to claim a tax deduction without keeping any receipts yourself. You’ll see this with deductions for IRA and HSA contributions, mortgage and student loan interest, and property taxes.

You might have other documentation that can be used in lieu of receipts. For instance, a divorce decree showing the amount of alimony you must pay each month.

No receipt is required for the self-employment tax deduction, either. You just need to calculate 50% of your self-employment tax.

What’s the difference between an itemized deduction and other tax deductions?

There are two main differences between itemized deductions and other tax deductions. First, itemized deductions, which are reported on Schedule A (Form 1040), can’t be taken if you claim the standard deduction. All the other deductions can be taken along with the standard deduction.

Second, itemized deductions are subtracted from income on your tax return after your AGI is calculated. As a result, they don’t reduce your AGI. On the other hand, the other deductions – except the qualified business income deduction – are subtracted from income before calculating your AGI. So, they actually lower your AGI. (These are known as “above-the-line” deductions since they’re reported on your tax return above the line for your AGI.)

This is important because a lower AGI can help you qualify for or increase the amount of certain other tax breaks. Reducing your AGI can also have non-tax benefits. For example, seniors with a higher AGI pay more for Medicare Part B and Medicare prescription drug coverage.

How much is the standard deduction?

The basic standard deduction depends on your filing status. For 2024, the basic standard deduction amounts are:

  • $14,600 for single filers and married taxpayers filing separate returns ($13,850 for 2023),
  • $21,900 for head-of-household filers ($20,800 for 2023), and
  • $29,200 for married couples filing a joint return and surviving spouses ($27,700 for 2023).

For dependents, the standard deduction is generally limited to the greater of:

  • $1,300 ($1,250 for 2023), or
  • Earned income plus $450 ($400 for 2023).

An additional standard deduction is available to people who are at least 65 years old or blind. For 2024, the additional amounts are:

  • $1,550 for joint filers, married taxpayers filing separately, and surviving spouses ($1,500 for 2023), and
  • $1,950 for single and head-of-household filers ($1,850 for 2023).

The standard deduction was nearly doubled for the 2018 to 2025 tax years. It’s scheduled to go back down to pre-2018 levels (as adjusted for inflation) starting in 2026.

Should I itemize or claim the standard deduction?

You can either claim the standard deduction or itemized deductions – but you can’t do both. But at least you’re free to pick the option that works best for you.

Whether you’re better off itemizing or taking the standard deduction depends on your own financial situation. However, about 90% of all taxpayers end up claiming the standard deduction each year. Those who itemize tend to be higher-income taxpayers, which makes sense since they typically pay more in state and local taxes, have higher mortgage interest payments, and give more to charity.

With TurboTax Live Full Service, a local expert matched to your unique situation will do your taxes for you start to finish. Or, get unlimited help and advice from tax experts while you do your taxes with TurboTax Live Assisted.

And if you want to file your own taxes, you can still feel confident you'll do them right with TurboTax as we guide you step by step. No matter which way you file, we guarantee 100% accuracy and your maximum refund.

Use your Intuit Account to sign in to TurboTax.
By selecting Sign in, you agree to our Terms and acknowledge our Privacy Statement.
Live assisted basicTaxes done right,
with experts by your side
$89*

Get unlimited advice, an expert final review and your maximum refund, guaranteed.

State additional
turbotax free ecition100% free filing.
Max refund guarantee.
$0

~37% of taxpayers qualify. Form 1040 + limited credits only.

The above article is intended to provide generalized financial information designed to educate a broad segment of the public; it does not give personalized tax, investment, legal, or other business and professional advice. Before taking any action, you should always seek the assistance of a professional who knows your particular situation for advice on taxes, your investments, the law, or any other business and professional matters that affect you and/or your business.

TaxCaster Tax
Calculator

Estimate your tax refund and where you stand

I’m a TurboTax customer

I’m a new user

Tax Bracket
Calculator

Easily calculate your tax rate to make smart financial decisions

Get started

W-4 Withholding
Calculator

Know how much to withhold from your paycheck to get a bigger refund

Get started

Self-Employed
Tax Calculator

Estimate your self-employment tax and eliminate any surprises

Get started

Crypto Calculator

Estimate capital gains, losses, and taxes for cryptocurrency sales

Get started

Self-Employed Tax Deductions Calculator

Find deductions as a 1099 contractor, freelancer, creator, or if you have a side gig

Get started

ItsDeductible™

See how much your charitable donations are worth

Get started

Read why our customers love Intuit TurboTax

Rated 4.6 out of 5 stars by our customers

(673170 reviews of TurboTax Online)

Security icon

Your security. Built into everything we do.

Here's how

taxball

File faster and easier with the free TurboTax app

Download on the app storeGet it on Google Play

TurboTax Online: Important Details about Filing Form 1040 Returns with Limited Credits

A Form 1040 return with limited credits is one that's filed using IRS Form 1040 only (with the exception of the specific covered situations described below). Roughly 37% of taxpayers are eligible.

If you have a Form 1040 return and are claiming limited credits only, you can file for free yourself with TurboTax Free Edition, or you can file with TurboTax Live Assisted Basic or TurboTax Full Service at the listed price.

Situations covered (assuming no added tax complexity):

  • W-2 income
  • Interest or dividends (1099-INT/1099-DIV) that don’t require filing a Schedule B
  • IRS standard deduction
  • Earned Income Tax Credit (EITC)
  • Child Tax Credit (CTC)
  • Student loan interest deduction

Situations not covered:

  • Itemized deductions claimed on Schedule A
  • Unemployment income reported on a 1099-G
  • Business or 1099-NEC income
  • Stock sales (including crypto investments)
  • Rental property income
  • Credits, deductions and income reported on other forms or schedules 

TURBOTAX ONLINE GUARANTEES

TurboTax Individual Returns:

  • 100% Accurate Calculations Guarantee – Individual Returns: If you pay an IRS or state penalty or interest because of a TurboTax calculation error, we'll pay you the penalty and interest. Excludes payment plans. This guarantee is good for the lifetime of your personal, individual tax return, which Intuit defines as seven years from the date you filed it with TurboTax. Excludes TurboTax Business returns. Additional terms and limitations apply. See Terms of Service for details.

  • Maximum Refund Guarantee / Maximum Tax Savings Guarantee - or Your Money Back – Individual Returns: If you get a larger refund or smaller tax due from another tax preparation method by filing an amended return, we'll refund the applicable TurboTax federal and/or state purchase price paid. (TurboTax Free Edition customers are entitled to payment of $30.) This guarantee is good for the lifetime of your personal, individual tax return, which Intuit defines as seven years from the date you filed it with TurboTax. Excludes TurboTax Business returns. Additional terms and limitations apply. See Terms of Service for details.

  • Audit Support Guarantee – Individual Returns: If you receive an audit letter from the IRS or State Department of Revenue based on your 2023 TurboTax individual tax return, we will provide one-on-one question-and-answer support with a tax professional, if requested through our Audit Report Center, for audited individual returns filed with TurboTax for the current 2023 tax year and for individual, non-business returns for the past two tax years (2022, 2021). Audit support is informational only. We will not represent you before the IRS or state tax authority or provide legal advice. If we are not able to connect you to one of our tax professionals, we will refund the applicable TurboTax federal and/or state purchase price paid. (TurboTax Free Edition customers are entitled to payment of $30.) This guarantee is good for the lifetime of your personal, individual tax return, which Intuit defines as seven years from the date you filed it with TurboTax. Excludes TurboTax Business returns. Additional terms and limitations apply. See Terms of Service for details.

  • Satisfaction Guaranteed: You may use TurboTax Online without charge up to the point you decide to print or electronically file your tax return. Printing or electronically filing your return reflects your satisfaction with TurboTax Online, at which time you will be required to pay or register for the product.

  • Our TurboTax Live Full Service Guarantee means your tax expert will find every dollar you deserve. Your expert will only sign and file your return if they believe it's 100% correct and you are getting your best outcome possible. If you get a larger refund or smaller tax due from another tax preparer, we'll refund the applicable TurboTax Live Full Service federal and/or state purchase price paid. If you pay an IRS or state penalty (or interest) because of an error that a TurboTax tax expert or CPA made while acting as a signed preparer for your return, we'll pay you the penalty and interest. Limitations apply. See Terms of Service for details.

  • 100% Accurate Expert-Approved Guarantee: If you pay an IRS or state penalty (or interest) because of an error that a TurboTax tax expert or CPA made while providing topic-specific tax advice, a section review, or acting as a signed preparer for your return, we'll pay you the penalty and interest. Limitations apply. See Terms of Service for details.

TurboTax Business Returns:

  • 100% Accurate Calculations Guarantee – Business Returns. If you pay an IRS or state penalty or interest because of a TurboTax calculation error, we'll pay you the penalty and interest. Excludes payment plans. You are responsible for paying any additional tax liability you may owe. Additional terms and limitations apply. See Terms of Service for details.

  • TurboTax Audit Support Guarantee – Business Returns. If you receive an audit letter from the IRS or State Department of Revenue on your 2023 TurboTax business return, we will provide one-on-one question-and-answer support with a tax professional, if requested through our Audit Report Center, for audited business returns filed with TurboTax for the current 2023 tax year. Audit support is informational only. We will not represent you before the IRS or state tax authority or provide legal advice. If we are not able to connect you to one of our tax professionals for this question-and-answer support, we will refund the applicable TurboTax Live Business or TurboTax Live Full Service Business federal and/or state purchase price paid. Additional terms and limitations apply. See Terms of Service for details.

TURBOTAX ONLINE/MOBILE PRICING:

  • Start for Free/Pay When You File: TurboTax online and mobile pricing is based on your tax situation and varies by product. For most paid TurboTax online and mobile offerings, you may start using the tax preparation features without paying upfront, and pay only when you are ready to file or purchase add-on products or services. Actual prices for paid versions are determined based on the version you use and the time of print or e-file and are subject to change without notice. Special discount offers may not be valid for mobile in-app purchases. Strikethrough prices reflect anticipated final prices for tax year 2023.

  • TurboTax Free Edition: TurboTax Free Edition ($0 Federal + $0 State + $0 To File) is available for those filing Form 1040 and limited credits only, as detailed in the TurboTax Free Edition disclosures. Roughly 37% of taxpayers qualify. Offer may change or end at any time without notice.

  • TurboTax Live Assisted Basic Offer: Offer only available with TurboTax Live Assisted Basic and for those filing Form 1040 and limited credits only. Roughly 37% of taxpayers qualify. Must file between November 29, 2023 and March 31, 2024 to be eligible for the offer. Includes state(s) and one (1) federal tax filing. Intuit reserves the right to modify or terminate this TurboTax Live Assisted Basic Offer at any time for any reason in its sole and absolute discretion. If you add services, your service fees will be adjusted accordingly. If you file after 11:59pm EST, March 31, 2024, you will be charged the then-current list price for TurboTax Live Assisted Basic and state tax filing is an additional fee. See current prices here.

  • Full Service $100 Back Offer: Credit applies only to federal filing fees for TurboTax Full Service and not returns filed using other TurboTax products or returns filed by Intuit TurboTax Verified Pros. Excludes TurboTax Live Full Service Business and TurboTax Canada products. Credit does not apply to state tax filing fees or other additional services. If federal filing fees are less than $100, the remaining credit will be provided via electronic gift card. Intuit reserves the right to modify or terminate this offer at any time for any reason in its sole discretion. Must file by April 15, 2024 11:59 PM ET.

  • TurboTax Full Service - Forms-Based Pricing: “Starting at” pricing represents the base price for one federal return (includes one W-2 and one Form 1040). Final price may vary based on your actual tax situation and forms used or included with your return. Price estimates are provided prior to a tax expert starting work on your taxes. Estimates are based on initial information you provide about your tax situation, including forms you upload to assist your expert in preparing your tax return and forms or schedules we think you’ll need to file based on what you tell us about your tax situation. Final price is determined at the time of print or electronic filing and may vary based on your actual tax situation, forms used to prepare your return, and forms or schedules included in your individual return. Prices are subject to change without notice and may impact your final price. If you decide to leave Full Service and work with an independent Intuit TurboTax Verified Pro, your Pro will provide information about their individual pricing and a separate estimate when you connect with them.

  • Pays for itself (TurboTax Premium, formerly Self-Employed): Estimates based on deductible business expenses calculated at the self-employment tax income rate (15.3%) for tax year 2022. Actual results will vary based on your tax situation.

TURBOTAX ONLINE/MOBILE:

  • Anytime, anywhere: Internet access required; standard data rates apply to download and use mobile app.

  • Fastest refund possible: Fastest tax refund with e-file and direct deposit; tax refund time frames will vary. The IRS issues more than 9 out of 10 refunds in less than 21 days.

  • Get your tax refund up to 5 days early: Individual taxes only. When it’s time to file, have your tax refund direct deposited with Credit Karma Money™, and you could receive your funds up to 5 days early. If you choose to pay your tax preparation fee with TurboTax using your federal tax refund or if you choose to take the Refund Advance loan, you will not be eligible to receive your refund up to 5 days early. 5-day early program may change or discontinue at any time. Up to 5 days early access to your federal tax refund is compared to standard tax refund electronic deposit and is dependent on and subject to IRS submitting refund information to the bank before release date. IRS may not submit refund information early.

  • For Credit Karma Money (checking account): Banking services provided by MVB Bank, Inc., Member FDIC. Maximum balance and transfer limits apply per account.
  • Fees: Third-party fees may apply. Please see Credit Karma Money Account Terms & Disclosures for more information.

  • Pay for TurboTax out of your federal refund or state refund (if applicable): Individual taxes only. Subject to eligibility requirements. Additional terms apply. A $40 Refund Processing Service fee may apply to this payment method. Prices are subject to change without notice.

  • TurboTax Help and Support: Access to a TurboTax product specialist is included with TurboTax Deluxe, Premium, TurboTax Live Assisted and TurboTax Live Full Service; not included with Free Edition (but is available as an upgrade). TurboTax specialists are available to provide general customer help and support using the TurboTax product. Services, areas of expertise, experience levels, wait times, hours of operation and availability vary, and are subject to restriction and change without notice. Limitations apply See Terms of Service for details.
  • Tax Advice, Expert Review and TurboTax Live: Access to tax advice and Expert Review (the ability to have a Tax Expert review and/or sign your tax return) is included with TurboTax Live Assisted or as an upgrade from another version, and available through December 31, 2024. Intuit will assign you a tax expert based on availability. Tax expert and CPA availability may be limited. Some tax topics or situations may not be included as part of this service, which shall be determined in the tax expert’s sole discretion. For the TurboTax Live Assisted product, if your return requires a significant level of tax advice or actual preparation, the tax expert may be required to sign as the preparer at which point they will assume primary responsibility for the preparation of your return. For the TurboTax Live Full Service product: Handoff tax preparation by uploading your tax documents, getting matched with an expert, and meeting with an expert in real time. The tax expert will sign your return as a preparer. The ability to retain the same expert preparer in subsequent years will be based on an expert’s choice to continue employment with Intuit. Administrative services may be provided by assistants to the tax expert. On-screen help is available on a desktop, laptop or the TurboTax mobile app. Unlimited access to TurboTax Live tax experts refers to an unlimited quantity of contacts available to each customer, but does not refer to hours of operation or service coverage. Service, area of expertise, experience levels, wait times, hours of operation and availability vary, and are subject to restriction and change without notice.

  • TurboTax Live Full Service – Qualification for Offer: Depending on your tax situation, you may be asked to answer additional questions to determine your qualification for the Full Service offer. Certain complicated tax situations will require an additional fee, and some will not qualify for the Full Service offering. These situations may include but are not limited to multiple sources of business income, large amounts of cryptocurrency transactions, taxable foreign assets and/or significant foreign investment income. Offer details subject to change at any time without notice. Intuit, in its sole discretion and at any time, may determine that certain tax topics, forms and/or situations are not included as part of TurboTax Live Full Service. Intuit reserves the right to refuse to prepare a tax return for any reason in its sole discretion. Additional limitations apply. See Terms of Service for details.

  • TurboTax Live Full Service - File your taxes as soon as today: TurboTax Full Service Experts are available to prepare 2023 tax returns starting January 8, 2024. Based on completion time for the majority of customers and may vary based on expert availability. The tax preparation assistant will validate the customer’s tax situation during the welcome call and review uploaded documents to assess readiness. All tax forms and documents must be ready and uploaded by the customer for the tax preparation assistant to refer the customer to an available expert for live tax preparation.

  • TurboTax Live Full Service -- Verified Pro -- “Local” and “In-Person”: Not all feature combinations are available for all locations. "Local" experts are defined as being located within the same state as the consumer’s zip code for virtual meetings. "Local" Pros for the purpose of in-person meetings are defined as being located within 50 miles of the consumer's zip code. In-person meetings with local Pros are available on a limited basis in some locations, but not available in all States or locations. Not all pros provide in-person services.

  • Smart Insights: Individual taxes only. Included with TurboTax Deluxe, Premium, TurboTax Live, TurboTax Live Full Service, or with PLUS benefits, and is available through 11/1/2024. Terms and conditions may vary and are subject to change without notice.

  • My Docs features: Included with TurboTax Deluxe, Premium TurboTax Live, TurboTax Live Full Service, or with PLUS benefits and is available through 12/31/2024. Terms and conditions may vary and are subject to change without notice.

  • Tax Return Access: Included with all TurboTax Free Edition, Deluxe, Premium, TurboTax Live, TurboTax Live Full Service customers and access to up to the prior seven years of tax returns we have on file for you is available through 12/31/2024. Terms and conditions may vary and are subject to change without notice.

  • Easy Online Amend: Individual taxes only. Included with TurboTax Deluxe, Premium, TurboTax Live, TurboTax Live Full Service, or with PLUS benefits. Make changes to your 2023 tax return online for up to 3 years after it has been filed and accepted by the IRS through 10/31/2026. Terms and conditions may vary and are subject to change without notice. For TurboTax Live Full Service, your tax expert will amend your 2023 tax return for you through 11/15/2024. After 11/15/2024, TurboTax Live Full Service customers will be able to amend their 2023 tax return themselves using the Easy Online Amend process described above.

  • #1 best-selling tax software: Based on aggregated sales data for all tax year 2022 TurboTax products.

  • #1 online tax filing solution for self-employed: Based upon IRS Sole Proprietor data as of 2023, tax year 2022. Self-Employed defined as a return with a Schedule C tax form. Online competitor data is extrapolated from press releases and SEC filings. “Online” is defined as an individual income tax DIY return (non-preparer signed) that was prepared online & either e-filed or printed, not including returns prepared through desktop software or FFA prepared returns, 2022.

  • CompleteCheck: Covered under the TurboTax accurate calculations and maximum refund guarantees. Limitations apply. See Terms of Service for details.
  • TurboTax Premium Pricing Comparison: Cost savings based on a comparison of TurboTax product prices to average prices set forth in the 2020-2021 NSA Fees-Acct-Tax Practices Survey Report.

  • 1099-K Snap and Autofill: Available in mobile app and mobile web only.

  • 1099-NEC Snap and Autofill: Available in TurboTax Premium (formerly Self-Employed) and TurboTax Live Assisted Premium (formerly Self-Employed). Available in mobile app only. Feature available within Schedule C tax form for TurboTax filers with 1099-NEC income.

  • Year-Round Tax Estimator: Available in TurboTax Premium (formerly Self-Employed) and TurboTax Live Assisted Premium (formerly Self-Employed). This product feature is only available after you finish and file in a self-employed TurboTax product.

  • **Refer a Friend: Rewards good for up to 20 friends, or $500 - see official terms and conditions for more details.

  • Refer your Expert (Intuit’s own experts): Rewards good for up to 20 referrals, or $500 - see official terms and conditions for more details.

  • Refer your Expert (TurboTax Verified Independent Pro): Rewards good for up to 20 referrals, or $500 - see official terms and conditions for more details

  • Average Refund Amount: Sum of $3140 is the average refund American taxpayers received based upon IRS data date ending 2/17/23 and may not reflect actual refund amount received.

  • Average Deduction Amount: Based on the average amount of deductions/expenses found by TurboTax Self Employed customers who filed expenses on Schedule C in Tax Year 2022 and may not reflect actual deductions found.

  • More self-employed deductions based on the median amount of expenses found by TurboTax Premium (formerly Self Employed) customers who synced accounts, imported and categorized transactions compared to manual entry. Individual results may vary.

  • TurboTax Online Business Products: For TurboTax Live Assisted Business and TurboTax Full Service Business, we currently don’t support the following tax situations: C-Corps (Form 1120-C), Trust/Estates (Form 1041), Multiple state filings, Tax Exempt Entities/Non-Profits, Entities electing to be treated as a C-Corp, Schedule C Sole proprietorship, Payroll, Sales tax, Quarterly filings, and Foreign Income. TurboTax Live Assisted Business is currently available only in AK, AZ, CA, CO, FL, GA, IL, MI, MO, NC, NV, NY, OH, PA, SD, TX, UT, VA, WA, and WY.

  • Audit Defense: Audit Defense is a third-party add-on service provided, for a fee, by TaxResources, Inc., dba Tax Audit. See Membership Agreements at https://turbotax.intuit.com/corp/softwarelicense/ for service terms and conditions. 

TURBOTAX DESKTOP GUARANTEES

TurboTax Desktop Individual Returns:

  • 100% Accurate Calculations Guarantee – Individual Returns: If you pay an IRS or state penalty or interest because of a TurboTax calculation error, we’ll pay you the penalty and interest. Excludes payment plans. This guarantee is good for the lifetime of your personal, individual tax return, which Intuit defines as seven years from the date you filed it with TurboTax Desktop. Excludes TurboTax Desktop Business returns. Additional terms and limitations apply. See License Agreement for details.

  • Maximum Refund Guarantee / Maximum Tax Savings Guarantee - or Your Money Back – Individual Returns: If you get a larger refund or smaller tax due from another tax preparation method by filing an amended return, we'll refund the applicable TurboTax federal and/or state software license purchase price you paid. This guarantee is good for the lifetime of your personal, individual tax return, which Intuit defines as seven years from the date you filed it with TurboTax Desktop. Excludes TurboTax Desktop Business returns. Additional terms and limitations apply. See License Agreement for details.

  • Audit Support Guarantee – Individual Returns: If you receive an audit letter from the IRS or State Department of Revenue based on your 2023 TurboTax individual tax return, we will provide one-on-one question-and-answer support with a tax professional, if requested through our Audit Report Center, for audited individual returns filed with TurboTax Desktop for the current 2023 tax year and, for individual, non-business returns, for the past two tax years (2021, 2022). Audit support is informational only. We will not represent you before the IRS or state tax authority or provide legal advice. If we are not able to connect you to one of our tax professionals, we will refund the applicable TurboTax federal and/or state license purchase price you paid. This guarantee is good for the lifetime of your personal, individual tax return, which Intuit defines as seven years from the date you filed it with TurboTax Desktop. Excludes TurboTax Desktop Business returns. Additional terms and limitations apply. See License Agreement for details.

  • Satisfaction Guarantee/ 60-Day Money Back Guarantee: If you're not completely satisfied with TurboTax Desktop, go to refundrequest.intuit.com within 60 days of purchase and follow the process listed to submit a refund request. You must return this product using your license code or order number and dated receipt.

TurboTax Desktop Business Returns:

  • 100% Accurate Calculations Guarantee – Business Returns: If you pay an IRS or state penalty or interest because of a TurboTax calculation error, we’ll pay you the penalty and interest. Excludes payment plans. You are responsible for paying any additional tax liability you may owe. Additional terms and limitations apply. See License Agreement for details.

  • Maximum Tax Savings Guarantee – Business Returns: If you get a smaller tax due (or larger business tax refund) from another tax preparation method using the same data, TurboTax will refund the applicable TurboTax Business Desktop license purchase price you paid. Additional terms and limitations apply. See License Agreement for details.

  • Satisfaction Guarantee/ 60-Day Money Back Guarantee: If you're not completely satisfied with TurboTax Desktop, go to refundrequest.intuit.com within 60 days of purchase and follow the process listed to submit a refund request. You must return this product using your license code or order number and dated receipt.

TURBOTAX DESKTOP

  • Installation Requirements: Product download, installation and activation requires an Intuit Account and internet connection. Product limited to one account per license code. You must accept the TurboTax License Agreement to use this product. Not for use by paid preparers.

  • TurboTax Desktop Products: Price includes tax preparation and printing of federal tax returns and free federal e-file of up to 5 federal tax returns. Additional fees may apply for e-filing state returns. E-file fees may not apply in certain states, check here for details. Savings and price comparison based on anticipated price increase. Software updates and optional online features require internet connectivity.

  • Fastest Refund Possible: Fastest federal tax refund with e-file and direct deposit; tax refund time frames will vary. The IRS issues more than 9 out of 10 refunds in less than 21 days.

  • Average Refund Amount: Sum of $3140 is the average refund American taxpayers received based upon IRS data date ending 02/17/23 and may not reflect actual refund amount received.

  • TurboTax Product Support: Customer service and product support hours and options vary by time of year.

  • #1 Best Selling Tax Software: Based on aggregated sales data for all tax year 2022 TurboTax products.

  • Deduct From Your Federal or State Refund (if applicable): A $40 Refund Processing Service fee may apply to this payment method. Prices are subject to change without notice.

  • Data Import: Imports financial data from participating companies; Requires Intuit Account. Quicken and QuickBooks import not available with TurboTax installed on a Mac. Imports from Quicken (2021 and higher) and QuickBooks Desktop (2021 and higher); both Windows only. Quicken import not available for TurboTax Desktop Business. Quicken products provided by Quicken Inc., Quicken import subject to change.

  • Audit Defense: Audit Defense is a third-party add-on service provided, for a fee, by TaxResources, Inc., dba Tax Audit. See Membership Agreements at https://turbotax.intuit.com/corp/softwarelicense/ for service terms and conditions.

All features, services, support, prices, offers, terms and conditions are subject to change without notice.

Intuit Logo
TurboTax LogoCreditKarma LogoQuickBooks LogoMailChimp Logo

©1997-2024 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.

Security Certification of the TurboTax Online application has been performed by C-Level Security.

By accessing and using this page you agree to the Terms of Use.