TurboTax Online Edition 2011 Now Available

TurboTax has finally released their online tax software for 2011.

There are five versions available.

TurboTax Standard Online Edition: This version is for basic tax returns. It can handle RRSP contributions and simple tax deductions like charitable donations and educational expenses. Price per return: $17.99

TurboTax Premier Online Edition: This version is for more complex returns that include investments and rental income / property deductions. Price per return: $32.99

TurboTax Home & Business Online Edition: This version is specifically for people that are self employed and need to combine their personal and business taxes together. Price per return: $44.99

TurboTax Free Online Edition: This version is for very very basic tax returns, but will not cost you a dime. To qualify for the free version you must have no pension income to claim, no investments and no business income/expenses. On top of that all of your deductions must be standard provincial or federal deductions. Price per return: FREE

TurboTax Student Online Edition: This version is designed specifically for students. To qualify you must have paid tuition in 2011 or your gross household income must be below $20,000. The focus of this edition is on tuition, textbook and public transit credits. Price per return: FREE

Give TurboTax Online a try.

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