TurboTax Deluxe Vs Premium (Tested)

In this video, we discuss the real differences between TurboTax Deluxe and TurboTax Premium to help you select the best tax software for your individual tax preparation needs. We explore how each edition handles common tax deductions and tax credits, with specific guidance for employees looking to maximize deductions, and those with self-employed tax, freelance tax, business income tax, investment tax from stocks or crypto, or rental property tax. Our goal is to ensure you effectively lower your tax bill and confidently manage your tax filing. #TurboTax #TaxDeductions #SelfEmployed 00:00 Introduction 00:06 Quick overview Deluxe vs Premium 00:09 Deluxe maximizes deductions 00:12 Premium for investments, self-employed 00:16 Deluxe for employed individuals 00:20 Deluxe finds deductions, credits 00:24 Premium for business, freelance income 00:29 Premium for stocks, crypto, rentals 00:32 Pricing breakdown 00:40 State filing costs 00:43 Payment at filing 00:51 Deluxe features deeper dive 00:57 Finds 350+ deductions, credits 01:03 Mortgage, property tax deductions 01:08 Charitable donation deductions 01:11 Deluxe for W2 employees 01:20 Applying housing, donation deductions 01:25 Deluxe for deduction optimization 01:31 Premium's advanced tools 01:38 Premium for self-employed, freelancers 01:44 Business expense deductions 01:49 Investments, stocks, crypto, assets 01:57 Rental property income, expenses 02:06 Simple deciding factors 02:10 Choose Deluxe for job income 02:17 Choose Premium for business, investments 02:25 Start free, review, then pay 02:31 Gather necessary tax documents 02:38 Collect employer, mortgage, investment forms 02:45 Match income type, follow prompts