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Now Available in Our Most Popular Products
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Trust that your taxes are complete & that you've claimed every deduction you're entitled to... with easy Life Changes Profiling in:
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Complete Your Return Fast!
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What could be faster than ticking a box? Life Changes Profiling can speed up how long it takes for you to prepare your return simply by eliminating the guess work & formatting questions in easy little tickboxes & yes/no quizzes. So you can complete your return fast... while finding the deductions you qualify for, no matter what your tax situation is.
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Life Changes and Your Taxes
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Want even more information on how the changes in your life affect your taxes? TurboTax now features informative Canada Tax Resources about common life changes and how they impact your taxes.
Check out the articles we have so far, and keep on the lookout for more coming soon.
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New job? New home? New baby? TurboTax guides you through common life changes, explain how they affect your taxes, and shows what you can deduct.
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Your Job
Including moving for work!
Getting a raise, starting a new job or retiring can have a surprisingly dramatic effect on your taxes. TurboTax walks you through job changes, step by step, to ensure your return is correct and you get every deduction you deserve.
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Your Family
From adoption to paying child support
Getting married, divorced or losing your spouse has a tremendous impact on your taxes. If you've just had a baby or adopted, you'll likely see big deductions & credits at tax time. Whatever's changed in your family, TurboTax will help ease the tax challenges... and show you tax breaks you may qualify for.
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Your Investments
Employee stock plans, capital gains & more
Buy? Sell? Rollover? Reinvest? Whatever you do, TurboTax Premier makes it easy to report your investments, including income from rental property. Plus, it helps you find & take advantage of deductions that can lower your tax bill... or increase your refund.
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Your Business
From freelancing on the side to doubling your consultancy
Did you earn money through self- employment? Were you a consultant, freelancer or independent contractor for any period of time in 2011? TurboTax will ask you easy Yes/No questions to help you deduct home office expenses, vehicle expenses and more.
Do your personal & self-employment returns at once
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Your Education
From tuition to student loan interest
Maybe you or your partner went back to school, or you're paying tuition for your child. Maybe you've started training for a trade. Or paying back student loans. Or sending your children for extra tutoring. There are dozens of tax scenarios you may find yourself in... and TurboTax helps you make sense of them.
TurboTax Standard is great for students & families
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You Enter Info Once. TurboTax Uses It Throughout Your Return.
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With TurboTax Life Changes Profiling, there's no need to tell TurboTax anything twice. When you enter information during the Life Changes Profiling interview, TurboTax uses it to populate related fields throughout your return. And, just to be safe, we begin each new step by reminding you of what you've already told us - so you can make changes or proceed.
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Sometimes, Your Changing Life Won't Actually Affect Your Taxes.
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Not every change in your life will cause a change in your tax situation. That's why Life Changes Profiling not only tells you what new expenses to claim... but also what doesn't affect your taxes at all. So you'll know that, for example, even though you sold your primary residence and made a profit, you may not have to claim that profit.
When you know what affects your taxes and what doesn't, you can file your return with greater confidence that no stone is left unturned - and no deduction is missed.
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