Can Multiple Family Members Use TurboTax?

Can I share TurboTax with my family?

With our web-based online TurboTax family of products, it’s strictly a one-taxpayer per account proposition, with the only exception being that a taxpayer and their spouse can both use one single online account, where they choose Married Filing Jointly.

Both federal and state e-filing are free..

Can I do my daughters taxes on my TurboTax account?

In TurboTax Online, you can prepare and e-file one federal and up to five associated state returns using the same email address but a different login for each account.

Can TurboTax be shared?

Yes, you can install and activate the same copy of TurboTax on three different computers. Note: When you activate the same copy of TurboTax on multiple computers, the maximum limit for the total number of tax returns that applies to your copy of TurboTax gets shared among your installations.

Can I claim my daughter as a dependent if she worked?

If she qualifies as your dependent child you can claim her no matter the amount of income.

Does my 15 year old have to file taxes?

For tax year 2020 this is the greater of $1,100 or the amount of earned income plus $350. … A 15-year-old who works after school, for instance, and earns less than $1,100 would owe nothing in taxes. Even so, if an employer withheld taxes from her paycheck, she’ll have to file a tax return to obtain a refund.

Can I use my TurboTax account to file other people’s taxes?

A TurboTax Online account can only be used for one federal tax return. To do a tax return for someone else, you have to use a different account. You cannot prepare another tax return with the same account that you used for your own return. You have to pay for each account separately.

Can I sign someone else’s tax return?

You may be authorized to sign either as the taxpayer’s representative or agent. Generally, a representative must be an individual eligible to practice before the IRS, such as an enrolled agent, attorney, or CPA; a family member (limited to spouse, parent, child, brother, or sister) may also act as your representative.

How much can my child earn and still be a dependent 2019?

For 2019, the standard deduction for a dependent child is total earned income plus $350, up to a maximum of $12,200. Thus, a child can earn up to $12,200 without paying income tax.

Is TurboTax available 2020?

TurboTax Deluxe 2020 Desktop Tax Software, Federal and State Returns + Federal E-file [Amazon Exclusive] [PC Download] Available now.

Can I install multiple versions of TurboTax?

You can have both programs installed on your computer at the same time. However, sometimes one program will not open if the other is already running.

Can you share a TurboTax account?

Your daughter can access the TurboTax account that you created when you downloaded the program to your laptop. She can then download the program on her computer and install it.

What’s the difference between TurboTax Deluxe and Premier?

Turbotax recommends the Premier Edition, which has all the features of Deluxe plus more tools to deal with investments and rental property, to people who have stocks and bonds or rental income. … It includes a simple way to enter income and expenses. It creates W-2 and 1099 forms for your employees and contractors.

Can I do multiple tax returns with TurboTax Online?

If you’re planning on filing multiple tax returns, we recommend our CD/download products, which include: Preparation and printing of unlimited federal returns. E-file of up to five federal tax returns.

Can I prepare someone else’s tax return?

You can legally file a tax return for someone else The IRS says you can file a tax return for someone else as long you have their permission to do so. … As a non-professional, you are not allowed to charge a fee for preparing tax returns.