TurboTax 2008 Home & Business Federal + State + eFile

Everything you need to easily do your personal and business taxes

TurboTax 2008 Federal + State Home & Business (Personal & Business in One) was designed to help you take full advantage of your personal and business deductions so you get the biggest tax refund possible.  Choose TurboTax Home & Business if any of the following apply to you:

• You are a sole-proprietor, consultant, 1099 contractor, or single-member LLC
• You receive income from a side job or self-employment
• You prepare W-2 and 1099-MISC forms for employees or contractors
• You file your personal and business taxes together

Includes FREE Federal E-File!  Get Your Refund Fast: E-File Your 2008 Taxes with TurboTax.  Here’s how E-File works: Start your return and E-File with TurboTax today. The moment the IRS starts accepting returns, scheduled for January 16, 2009, TurboTax will submit your E-Filed return. The IRS will confirm receipt by e-mail within 48 hours.

TurboTax Premier includes everything from Premier 2008 for Federal + State which was designed to help you make the most of your investments and rental property deductions. 

Provides Extra Guidance for Finding Self-Employment Deductions

• New!  Easier Interview — Customizes questions based on your business profile (sole-proprietor, consultant, 1099 contractor, and single-member LLC) and gives you step-by-step guidance for entering income and expenses.
• Helps Find Small-Business Tax Deductions — Shows you which expenses you can deduct for your vehicle, supplies, utilities, home office expenses, and more, to help you get every business deduction you deserve for the biggest possible refund.
• Finds Deductions Specific to Your Business — Walks you through tax write-offs common to your type of business so you don’t miss any opportunities to save on your taxes.
• Gets You the Biggest Vehicle Deduction — Shows you whether you’ll get a bigger deduction using actual expenses or the standard mileage rate, so you get the biggest tax savings. Provides extra help for splitting vehicle expenses between business and personal use.
• Makes Entering Income Easier — Shows all business income types on a single page so you know you’ve covered all sources of business income.
• Creates W-2 and 1099 Forms — Helps you prepare unlimited forms for employees and contractors. Does all calculations and prints on plain paper. No need to spend money on expensive special inks and forms.
• Improved!  Simplifies Asset Depreciation — Helps you determine the depreciation method that will get you the greater deduction. Then we guide you through calculating and reporting depreciation to help get you the biggest refund.
• Streamlines Expense Entry — Walks you through all expense categories and provides additional tax deduction suggestions along the way to help you increase your refund.
• Offers Extra Guidance for New Businesses — Shows the startup deductions new businesses can take.

Helps You Get the Most from Your Investments

• Exclusive!  Imports Your Investment Info — Saves time by automatically importing your investment info directly from your financial institution.
• Helps You Accurately Report Investment Sales — Walks you through reporting sales of stocks, bonds and mutual funds. Automatically calculates capital gains/losses and tells you how to deduct losses and associated expenses to help you get a bigger refund. Plus it keeps track of capital gains/losses that carry over to future tax returns.
• Determines Your Cost Basis — Finds your accurate purchase price for stock sales in three easy steps, so you don’t end up paying more in taxes than you have to.
• Helps with Employee Stock Plans — Guides you through reporting sales and automatically determines your correct basis for selling shares purchased at different times or different prices. Makes it easier to deduct losses, so you can get a bigger refund.
• 401(k) Maximizer — Shows you how to increase your 401(k) contribution without decreasing your take-home pay, so you can save more for the future.
• Exclusive!  Helps You Find Every Rental Deduction — Finds over 20 deductions for landlords, from travel to advertising to repairs to insurance, to maximize your tax savings.
• Exclusive!  Shows Your Best Rental Depreciation Method — Simplifies reporting rental property depreciation and shows which depreciation method will get you the biggest
  tax deduction.
• Maximizes Refinancing Deductions — Guides you through deducting points, appraisal fees, recording costs, and more so you don’t miss a single chance to save.
• Helps with New Rental Properties — Shows you step by step how to set up new rental properties.

Finds Deductions and Credits to Get You the Biggest Refund

• Maximizes Your Tax Deductions — Asks simple questions about your income, family situation and changes in your tax situation. Then, based on your answers, searches for more than 350 deductions to get you the biggest tax refund.
• Looks for Deduction Opportunities as You Go — TurboTax shows you which deductions you’ve taken. Then it goes through the deductions you haven’t taken to make sure you haven’t missed any. Have kids? You can deduct up to $3,500 per child! Pay for tuition? You may be able to deduct up to $4,000! Own a home? We can help you save hundreds or even thousands of dollars with deductions for property taxes, mortgage interest, points and more. If you can deduct it, TurboTax will find it for you.
• Gets You the Maximum Deduction for Donations — Every year millions of taxpayers undervalue the items they donate charity, potentially missing out on hundreds of dollars in additional tax savings. ItsDeductible (included) helps you accurately value items you donate to charity so you get every penny you deserve. Plus, it tracks other donations such as cash, mileage and stocks, to help you get every charitable deduction you’re entitled to.
• Finds Every Credit You Deserve — Pay for tuition? You can add as much as $1,800 to $2,000 to your refund with the Hope Credit or Lifetime Learning Credit. Buy a hybrid? The Hybrid Car Credit can add as much as $3,000 to your refund. Each year lots of taxpayers get a smaller refund than they deserve because they fail to take advantage of all the tax credits they’re eligible for. That won’t happen with TurboTax. We’ll make sure you get every credit you’ve got coming for the biggest refund possible.
• Improved!  Handles Your Life Changes — Changed jobs? Got married? Bought a home? Had a baby? TurboTax guides you through common life changes. Explains how the changes will impact your taxes. And tells you what you can deduct and how, to help you get the biggest refund.
• Helps with Medical Expenses — TurboTax walks you through all possible medical expenses (including those that many people overlook). Then it does all the math for you and tells you if you qualify to deduct your medical expenses for maximum tax savings.
• Helps You Get a Bigger Refund Next Year — Gives you an overview of your tax return so you can rest assured that your taxes are accurate. Then it offers you tips on how to improve your tax situation so you can get an even bigger refund next year.

Helps You Reduce Audit Risk

• Tracks Your Audit Risk — Audit Risk Meter™ checks your tax return for common audit triggers. Shows whether your risk is high or low. And provides tips to help you reduce your chance of an audit.
• Includes Downloadable Audit Support Center — Gives you step-by-step guidance on everything you need to know and do if the IRS contacts you.
• Alerts You to Audit Red Flags — Compares your deductions to national averages for your income bracket so you can quickly see if your deductions fall outside the norm and could possibly trigger an audit.
• Also Available: Audit Defense — Provides full-service representation by a trained tax professional. You will never have to meet with the IRS, unless you want to.*

Does the Hard Work for You

• Asks Easy Questions, Tailored to You — Guides you step-by-step through your tax return and puts your answers on the right tax forms for you. Skips interview questions that don’t apply to you, so you can finish your return faster.
• Improved!  Automatically Fills in W-2 and 1099 Info — Gets your W-2 and 1099 data directly from over 100,000 participating employers and financial institutions and automatically puts it in the right tax forms. A brief summary lets you review and edit downloaded information if necessary.
• Transfers Last Year’s Tax Info — No retyping necessary. Fills in your tax return with your personal info from last year.
• Imports Your Financial Data — Imports your financial data from Quicken®,** so you can skip the cut and paste this year.

Provides Help and Tax-Saving Tips

• Live Tax Answers — Get live answers and tax-saving tips online from TurboTax experts and other TurboTax users in our Live Community. Plus you’ll have instant access to answers to commonly asked tax questions on every screen.
• Straightforward Guidance and Tax-Saving Tips — Find help on any tax topic from anywhere within TurboTax. Plus get plain-English explanations of specific tax areas with helpful examples and tips for keeping more money in your pocket.
• New!  Life Events Expert — Explains how changes in your life, such as purchasing a new home, changing jobs or becoming a parent, will affect your taxes so you can prepare your return with confidence.
• New!  Guide Me — Not sure how to answer a tax question or what information to enter? We’ll guide you to the right answer, making your taxes even easier.
• New!  Explains Your Return — Shows you a summary of your return, including income, tax, credits and payments so you know your taxes are accurate. Provides recommendations to help you get an even bigger refund next year.
• FREE Technical Support — Got a question about using TurboTax? No problem! Get answers from a TurboTax expert via e-mail, phone, or live chat.

Spots Errors and Shows How to Fix Them

• Checks for Mistakes — Double-checks your return for errors, so you can be confident your taxes are done right.
• Guaranteed Accurate Calculations — If you should get hit with an IRS or state penalty or interest due to a TurboTax calculation error, we’ll pay you the penalty and interest.
• Always Up-to-Date with the Latest Tax Laws — Ensures your return includes the latest tax forms and complies with every update in the tax law.
• Preview Your Tax Summary and 1040 Tax Form Before You File — Preview a summary list to find any missing pieces of info, or view your filled-in 1040 form before you file.

* Service provided by TaxResources, Inc. Additional fees apply
** Does not import from Quicken Medial Expense Manager

• Processor: Pentium or Pentium equivalent processor or higher
• Windows Vista:
  • Firefox 2.0 or higher
  • Microsoft Internet Explorer 7.0
  • Netscape 9.x
  • AOL 9.0 or higher
• Windows XP and Windows 2000:
  • Firefox 2.x or higher
  • Netscape 9.x
  • AOL 8.0 or higher
  • Flock 2.0
• Windows 2003:
  • Firefox 2.0 or higher
  • Microsoft Internet Explorer 6.0 SP2 or higher
  • Netscape 9.x

• Processor: PowerPC Processor G3 or faster Intel-based processor
• OS X 10.2.x and 10.3.x: Firefox 2.x or higher
• OS X 10.4.x:
  • Firefox 2.x or higher
  • Safari 3.x
• OS X 10.5.x:
  • Firefox 2.x or higher
  • Safari 3.x
  • Flock 2.0

Non-OS Requirements:

• Printing: Adobe Reader 6.0 or higher, or Foxit Reader
• Memory: 256 MB RAM
• Internet Connection: High speed
• Monitor: 1024×768 screen resolution
• Adobe Flash Player: Adobe Flash Player 9.0 or higher