“Can a single copy of this product be used to file state and federal taxes for both myself and for my son?”
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Yes. You can prepare and print or e-file up to 5 federal and 3 state tax returns with TurboTax Desktop. You'll be able to install the software on up to 5 computers owned by you (at home or at work). After installing TurboTax Desktop, you'll be asked to sign in to your Intuit Account and enter the license code.Your license code will then be stored in your Intuit Account so you can easily install TurboTax Desktop on another computer.
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