A Step-by-Step Tutorial for TurboTax 2021 Tax Year

🧩TurboTax offers a user-friendly interface and guides you through the tax filing process step-by-step.

💰There are different TurboTax products and pricing options available based on your needs. You can choose between DIY, assistance from a tax expert, or having everything done for you.

📝Gather all the necessary tax documents, such as 1099s and W-2s, before starting the tax filing process.

💡Take advantage of tax breaks, credits, and deductions to maximize your refund or minimize your tax liability.

📬Ensure your current mailing address is accurate to receive any important mail from the IRS, including refunds or notifications.

How much does TurboTax cost?

—TurboTax offers different pricing options based on your needs. You can choose between DIY, assistance from a tax expert, or having everything done for you. Prices range from $120 to almost $400.

What tax documents do I need to gather?

—Gather all relevant tax documents, such as W-2s, 1099s, and any other forms related to your income, deductions, credits, or investments.

Do I need to report advanced Child Tax Credit payments?

—If you received advanced Child Tax Credit payments in 2021, you need to accurately report the amount received on your tax return. Refer to the IRS letter you received or check the IRS website for the exact amount.

Is it necessary to enter a current mailing address?

—Yes, it's crucial to provide your current mailing address on the tax return. This ensures that the IRS can send any important mail, such as refund checks or notifications, to the correct address.

Should I double-check my information entered in TurboTax?

—Yes, it's recommended to double-check all the information entered in TurboTax to ensure its accuracy. While TurboTax guides you through the process, it's important to review their work and make any necessary corrections.

00:00In this step-by-step tutorial, we will guide you through using TurboTax for filing your taxes in 2022.

02:30TurboTax offers different pricing options based on your needs, ranging from $120 to almost $400.

07:30Gather all the necessary tax documents, such as W-2s and 1099s, before starting the tax filing process.

10:15Ensure your current mailing address is accurate to receive any important mail from the IRS.