TurboTax pricing depends on which product you choose and how complex your return is

TurboTax offers several versions at different price points, ranging from free to over $300. The version you need depends on your filing situation: whether you have a simple W-2 income, self-employment income, investments, rental property, or business deductions. Each product tier includes a specific set of forms and guidance.

Prices change yearly and vary by when you purchase. TurboTax typically raises prices as the tax season progresses. Buying in January or February usually costs less than buying in March or April. The company also runs promotions and discounts throughout the season.

You do not pay extra for state returns with most TurboTax products — the state return is included in the base price. However, some versions charge separately for state returns, and some offer them free. The product description will specify this before you buy.

Key Takeaways

  • TurboTax Free Edition costs nothing but only works for simple returns with W-2 income, standard deductions, and basic tax credits.
  • TurboTax Deluxe, Premier, and Self-Employed are the paid versions, each designed for a specific income type, and prices typically range from $60 to $300 depending on the product and when you buy.
  • State returns are included with most products, but you should confirm this in the product details before purchase.
  • Discounts and promotional pricing are common during tax season, so the price you see in January may not match the price in April.

The free version and what it covers

TurboTax Free Edition costs nothing and covers straightforward tax situations. You can use it if you have W-2 wages only, claim the standard deduction, and have basic tax credits like the Earned Income Tax Credit or Child Tax Credit. The free version does not include forms for self-employment income, capital gains, rental property, or itemized deductions.

If your situation is more complex than what Free Edition handles, TurboTax will tell you during the interview process and direct you to upgrade. You can start for free and pay only if you need a higher tier — you do not lose your work if you upgrade partway through.

Paid versions: Deluxe, Premier, and Self-Employed

TurboTax Deluxe is the entry-level paid product. It covers W-2 income, itemized deductions, education credits, and some investment income. Deluxe does not include forms for self-employment, rental property, or business income. Pricing typically starts around $60 to $120 depending on the time of year and current promotions.

TurboTax Premier adds rental property, capital gains, and more complex investment situations. It is designed for people who own rental real estate or have significant investment income but no business. Pricing typically ranges from $100 to $180.

TurboTax Self-Employed includes all Premier features plus self-employment income, business deductions, and Schedule C forms. This version is for sole proprietors, freelancers, and contractors. Pricing typically ranges from $150 to $300. Self-Employed also includes business tax guidance and quarterly estimated tax reminders.

State returns and additional fees

Most TurboTax products include one state return at no extra cost. If you file in multiple states, you typically pay an additional fee per state — this varies but is usually $40 to $60 per state. Some products bundle multiple state returns; check the product details to confirm what is included.

TurboTax also offers add-on services like audit defense (protection if the IRS audits you) and live tax advice from a CPA or enrolled agent. These are sold separately and cost extra, usually $100 to $200 depending on the service level.

When prices change during tax season

TurboTax pricing is not fixed. The company typically offers lower prices in January and February, then increases prices as the season progresses. By late March and April, prices are usually at their highest. If you file early, you often pay less.

The company also runs periodic discounts and promotions — for example, discounts for military members, students, or AARP members. These discounts stack with seasonal pricing, so a military member buying in February may pay significantly less than the listed price. Check for applicable discounts before you buy.

How to know which version you need

Start by thinking about your income sources. If you have only W-2 wages and a standard deduction, Free Edition works. If you itemize deductions or have education credits, Deluxe is the minimum. If you own rental property or have significant investment income, Premier is necessary. If you have self-employment or business income, Self-Employed is required.

You can also start the free version and answer TurboTax's interview questions. The software will tell you if your situation requires an upgrade and show you the cost before you commit. This is a low-risk way to confirm which product fits your return.

Frequently Asked Questions

Can I use TurboTax Free Edition if I have a 1099 or self-employment income?

No. Free Edition does not include Schedule C or self-employment forms. You must use Self-Employed or upgrade from Free Edition to Self-Employed during the interview process. Self-Employed is the only TurboTax product that covers business income.

Do I have to pay extra for a state return?

Most TurboTax products include one state return in the base price. If you file in two or more states, you pay an additional fee per state, usually $40 to $60 each. Check the product description to confirm what is included before you buy.

What if I start with Free Edition and then need to upgrade?

You can upgrade at any point during the interview process without losing your work. TurboTax will ask if you want to upgrade and show you the cost. Your answers and documents stay in the system, so you do not start over.

Are there discounts if I buy early in the tax season?

Yes. Prices are typically lowest in January and February and increase as the season progresses. TurboTax also offers discounts for military, students, AARP members, and other groups. Check for applicable discounts before you purchase.

Does TurboTax charge a fee to file electronically?

No. Electronic filing is included with all TurboTax products at no extra charge. You pay only for the product itself and any add-on services like audit defense or live tax advice.