Navigating the world of tax preparation software can be tricky, especially when trying to find the most cost-effective option for filing both federal and state returns. One of the common questions that arises is, “How much does TurboTax charge to e-file state returns?” Let’s break down the pricing structure and explore some strategies to minimize your expenses.
TurboTax offers various packages to suit different tax situations, and the cost to e-file state returns can vary depending on the version you choose and any promotions available. In the past, users have found that seemingly less expensive retail versions of TurboTax can actually become more expensive due to state e-filing fees compared to purchasing directly from TurboTax.
Historically, TurboTax allows you to file up to 5 federal returns with their federal version, which is ideal for families. As children enter the workforce and require their own filings, these “free” federal e-files become increasingly valuable. However, state e-filing usually incurs an additional charge.
Previously, some users reported seeing a price of $49 per state return with free e-filing through TurboTax. Conversely, other sources indicated a $25 fee for state e-filing. It’s crucial to clarify whether the advertised price includes the same allowance of 5 e-files as the federal returns, or if the “free” designation applies only to the first return, with subsequent returns priced at $25 each.
Big box stores like Sam’s Club, Costco, and BJ’s often offer TurboTax versions that include a credit, such as a $10 discount, applicable towards state e-filing fees or other TurboTax-related expenses. Note that this discount generally applies only to the first state e-file. Also important, all TurboTax software is now downloaded directly from Intuit; physical CDs are no longer distributed.
To determine the most economical route, compare the cost of purchasing the state version directly from Intuit, considering any included federal e-files, against purchasing from a retailer like Sam’s Club and paying individual state e-filing fees. If the direct purchase from Intuit includes the same 5 free federal returns, it might prove to be the less expensive option. Otherwise, purchasing from Sam’s Club and paying the state fees separately might be more advantageous.
Ultimately, the best price for e-filing your state tax return with TurboTax depends on your specific circumstances and the promotions available at the time of purchase. Careful price comparison and an understanding of the terms and conditions will ensure you make an informed decision.
