When is the TurboTax Release Date?

Table of Contents

When is the TurboTax 2024 Release Date?

TurboTax

TurboTax Online for 2024 has been released on Dec 3, 2023.

This includes TurboTax Live and its team of tax experts, ready with advice and answers to your tax questions for the 2023 and 2024 tax filing seasons.

When can I start my taxes on TurboTax 2024?

With TurboTax 2024, you can start filing your taxes now. TurboTax Online is a tax service that allows you to efile your taxes early and get your refund as quickly as possible.

As soon as TurboTax becomes available, it will begin accepting tax returns and submit the returns when the IRS system opens.

Even though the IRS will start accepting both electronic and paper tax returns in mid-to-late January, most people can start on their taxes early and get a head start on getting their tax refund.

The IRS strongly encourages people to file their tax returns online for faster refunds.

TurboTax is also releasing a Tax Refund Advance Program beginning in early December 2023. This means you don't have to wait for your refund when you file with TurboTax.

The TurboTax system has been used by millions of people and helps take the stress away from doing your taxes without costing an arm and a leg.

What's The Earliest I Can Get My Tax Refund?

When you file your return electronically with TurboTax, you will get your refund the fastest way possible, guaranteed. The IRS issued more than 9 out of 10 refunds in less than 21 days last year and expects the same results this year.

Once the IRS has accepted your return, you will receive an email to confirm this, and then you can track your return online or via the TurboTax mobile app so you can know when to expect your funds to be deposited into your bank account.

Get Started With the TurboTax W2 Finder

The TurboTax W2 Finder will locate and get your W2, allowing you to file your taxes immediately. This year, it is easier than ever to find your W2! Simply follow the TurboTax screen prompts to import or download your W2 online.

TurboTax Has Tax Refund and Tax Credit Calculators

TurboTax tax refund and credit calculator

TurboTax offers a variety of tax tools and calculators to help you manage your money.

For example, you can find out how much money you should get back in your tax refund or how much you might owe.

You can find deductions and credits, your tax bracket, calculate your W-4 withholding, and tax deductions for self-employed.

These tax refund and tax credit calculators will also help you determine your eligibility and how much you qualify for.

What is TurboTax Live Full Service?

TurboTax has recently launched TurboTax Live Full Service for the tax filing season. This new feature enables taxpayers to connect with a live tax expert from the comfort of their own homes.

Not only can you ask tax questions and receive personalized answers, but they will prepare and file your tax return on your behalf.

You will be matched with a tax expert based on your state and tax situation. There are also tax experts available in English and Spanish.

How Does TurboTax Live Full Service Actually Work?

Once you register for the service, you will be matched with an appropriate tax professional with TurboTax.

Then, all you need to do is upload or import your tax documents into the system. This will be done securely to ensure your personal and financial information is not compromised.

After you have uploaded everything, your tax professional will answer any questions and get on with the work of preparing and filing your taxes on your behalf.

Here is a brief rundown of the steps involved and how this service can benefit you.

  1. Professional Matching – Everyone has a different tax situation. You will be matched with a specialist based on your current tax situation. This ensures you are going to get all the credits and deductions you are entitled to.
  2. Secure Document Upload – It takes only seconds to upload or import your tax information into the platform. This is done securely to ensure you are fully protected.
  3. Summary – Once your tax return has been completed, your tax expert will schedule a video call with you, and you will be able to go through the summary of your tax return together. You will also have the opportunity to ask any questions.
  4. Filing with Ease – TurboTax's tax experts can sign and file your return on your behalf. You will never have to deal with the IRS or struggle with a third-party tax preparer.

TurboTax Live Gives Unlimited Tax Advice

Additionally, TurboTax Live continues to provide customized support from experts.

TurboTax Live allows you to get unlimited tax advice for the future, as well as the option of going through each aspect of your return line by line.

When you opt for the TurboTax Live service, you will get access to:

  • Virtual Tax Advice – Handle everything virtually from your own home. In these times of coronavirus, you will still get access to the same expert resources while keeping yourself and your family safe.
  • Experts with Experience – The average TurboTax tax expert has at least 12 years of experience in the business.
  • Unlimited Advice – TurboTax Live is not just available during the tax filing season. You can get unlimited tax advice throughout the year, so you can organize your finances in the most tax-efficient manner possible.

TurboTax Free Allows You to File Federal and State Returns for Free

TurboTax

For many Americans, the annual tax refund is the biggest paycheck of the year.

TurboTax is giving you the chance to take advantage of free Federal and state tax filing services if you qualify.

For taxpayers with simple tax returns. TurboTax Free Edition enables millions of Americans to file their tax returns completely free of charge.

This applies to ordinary W-2 taxpayers, anyone filing Form 1040 and their variations with no schedules, as well as limited income from interest and dividends reported through 1099-DIV and 1099-INT.

Anyone claiming a standard deduction and tax credits like the earned income and child tax credits, as well as unemployment income, is also eligible to take advantage of these free services.

So, what do you get access to when using TurboTax Free Edition?

Free Data Transfer

Customers filing their taxes with TurboTax can easily import last year's information for free.

In addition, new customers may import a PDF of the previous year's tax return. This eliminates data entry, so you already have a 50% head start on your taxes.

Free 24/7 Support

Taxpayers can get their tax questions answered 24/7 by contacting the TurboTax Tax Experts and the community. Ask your personalized questions and receive tailor-made answers.

Snap and Autofill on Your W-2

If you are an ordinary employee, save time and energy by having your W-2 imported directly from your payroll provider.

Alternatively, take a photo of your W-2, and the data will be verified and pulled directly from the image onto your tax form.

TurboTax's importation process supports millions of employers across the nation already.

Upload Basic Information with a Barcode Scan

Take your driver's license and simply scan the barcode. Your basic personal information will be uploaded in a matter of seconds, thus giving you yet another head start.

Get a Personalized Experience

TurboTax utilizes the TurboTax Tax Knowledge Engine, powered by machine learning and artificial intelligence, to guide taxpayers through the process of filing their taxes. This is a streamlined tax preparation option that guarantees less work for you.

Follow the Step-by-Step Guide for Claiming Tax Credits

The earned income tax credit is worth up to $6,660 per year for families with three kids. The child tax credit can be worth up to $2,000 for eligible children.

TurboTax gives you a step-by-step guide for determining your eligibility and claiming any credits you are eligible for.

TurboTax Protects You During an Audit

An IRS audit is extremely unlikely, as less than 1% of taxpayers are audited annually, but if it does happen, TurboTax has you covered.

In the unlikely event, that you are selected for an IRS audit; you can take advantage of free audit guidance from one of TurboTax's tax experts.

If you want to upgrade beyond the TurboTax Free Edition, you can do so at the click of a button.

Filing with TurboTax is easy. You don't need to know the current tax laws or how they work. Instead, the software guides you through the entire process by asking you simple questions.

TurboTax is up to Date With New Tax Laws

There are four annually updated options available when choosing TurboTax; Free, Deluxe, Premier, and Self-Employed.

Plus, there are specific helpers in the TurboTax software that allow you to benefit from a virtual adviser, saving you money and solving your tax questions.

From personal information to the nitty-gritty of IRS forms and more, the entire process is timely, simple, straightforward, and easy.

With TurboTax, you have a tax professional by your side who knows all those new tax deductions and credits and can help you take advantage of them!

The TurboTax Release Date is Here!

Are you ready to start filing your taxes with TurboTax? It's sure to save you money on taxes and get you the most credits and deductions for a bigger refund!

TurboTax can help you file your taxes online, whether you're an employee, sole proprietor, consultant, 1099 contractor, or single-owner LLC - it doesn't matter!