Turbo Tax 2009 2010 Software Download Standard Deluxe Home Business Premier Federal State Efile Review

Its January 15 2010, Tax Season has begun officially. Every year millions of Americans use E-file to file Federal and State tax returns and most of them use Intuit's TurboTax.

Turbotax is back this year with 4 Major versions, TurboTax Basic, TurboTax Deluxe, TurboTax Home & Business and TurboTax Premier. Lets review each TurboTax Version one by one. Checkout Free Turbo tax 2010 Edition

1) TurboTax Basic 2009 Federal + Efile 2009: If you have a simple federal tax return to file and would like step-by-step guidance, TurboTax Basic will help you get your biggest refund. Many americans will fall under this category.

• TurboTax Basic guides you through your federal return step-by-step
• Asks easy-to-understand questions in plain English then puts your answers onto IRS-approved forms
• Automatically double-checks your return for errors
• Files your return electronically and prints it on plain paper
• Free Federal E-File--receive IRS confirmation and get your refund in as few as 8 days

You should choose TurboTax Basic if any of the following apply to you:

• You file a 1040EZ or other simple tax return
• You own your home but don't have a mortgage
• You rent your home

2) TurboTax Deluxe 2009 Federal + State 2009 + efile: If you own a home, made donations or have medical expenses, TurboTax Deluxe will be the best option for you.

• TurboTax Deluxe guarantees your biggest tax refund by finding and maximizing your deductions
• Uncovers over 350 deductions including mortgage interest, charitable contributions, and more
• Guides you through changes in your tax situation and lets you know how they will impact your taxes
• Audit Risk Meter helps you reduce your chance of an audit
• Free Federal E-File—receive IRS confirmation and get your refund in as few as 8 days

You should choose TurboTax Deluxe if any of the following apply to you:

• You own your home
• You donated to charity
• You have significant education or medical expenses
• You have childcare expenses
• You have lots of deductions

Basically, If you own investments or rental property, Its recommended that you use TurboTax Premier.

3) TurboTax Home & Business Federal + State 2009 + efile: If you're a sole proprietor, consultant, contractor or single-owner LLC, You should use TurboTax Home & Business to get you the biggest tax savings.

• TurboTax Home & Business helps you get the biggest refund for you and your business
• Includes everything you need for your self-employment and personal income taxes
• Expanded interview guides you step-by-step through entering business income and expenses to help you maximize business and personal deductions
• Creates W-2 and 1099-MISC forms for your employees and contractors
• Free Federal E-File—receive IRS confirmation and get your refund in as few as 8 days

You should Choose TurboTax Home & Business if any of the following apply to you:

• You are a sole proprietor, consultant, 1099 contractor, or single-owner LLC
• You receive income from a side job or self-employment
• You prepare W-2 and 1099-MISC forms for employees or contractors
• You file your personal and business taxes together

4) TurboTax Premier Federal + State 2009 + efile: If you own stocks, bonds, mutual funds or rental properties, TurboTax Premier makes it easy to keep more money in your pocket.

• TurboTax Premier guides you step-by-step through investments and rental property income
• Assists with stocks, bonds, mutual funds and employee stock plans
• Provides extra guidance for rental property income, expenses and refinancing
• Free Federal E-File—receive IRS confirmation and get your refund in as few as 8 days
• Plus, includes a download of one TurboTax State product--a $39.95 value

You should choose TurboTax Premier if any of the following apply to you:

• You sold stocks, bonds, mutual funds, or options for an employee stock plan
• You own rental property
• You are the beneficiary of an estate or trust (received a K-1 form)

If you are till unsure of which TurboTax version you should use, Please see following charts of TurboTax Software Comparison