“How does the Turbotax Premier version differ from the Turbotax Deluxe version?”
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TurboTax Premier is the upgrade above TurboTax Deluxe and is designed for extra guidance with investments, rentals, and retirement. It is recommended if you sold stock, bonds or mutual funds, sold employee stock, own rental property or are a trust beneficiary. Whereas Deluxe is recommended if you own a home, have charitable donations, high medical expenses and need to file both Federal & State Tax Returns. While all TurboTax Desktop personal tax products include all the same forms, they offer different guidance. We suggest the product that more closely relates to your situation to get the guided interview questions to ensure information is being accurately entered. If you are comfortable manually entering your information, you can use the product of your choice in Forms Mode. While using Forms Mode will not prevent you from e-filing, it does void the TurboTax Accuracy Guarantee. If you override any values that were calculated by TurboTax, this will void the Accuracy Guarantee and you will be unable to e-file. However, you would still be able to print and file your return.
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