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TurboTax Home & Business is designed for self-employed individuals and small business owners, while Deluxe Edition is geared towards individuals with more complex tax situations. Home & Business includes features such as asset depreciation and business expense tracking, while Deluxe offers more guidance and support for itemized deductions and investments.
If you have a small business with simple tax needs, you may be able to use TurboTax Deluxe. However, if you have more complex business taxes, it is recommended to upgrade to Home & Business for additional features and support.
The cost of TurboTax Deluxe is typically lower than Home & Business. However, the exact cost may vary depending on any promotions or discounts available at the time of purchase.
No, TurboTax Deluxe is only designed for personal tax filing. If you need to file taxes for a small business, you will need to upgrade to Home & Business.
Yes, you can upgrade from Deluxe to Home & Business at any time. However, you will need to pay the difference in cost between the two editions.