TurboTax ItsDeductible is a tool developed by Intuit to assist taxpayers in keeping track of their charitable donations.
Users can easily and quickly input their charitable donations, including cash, goods or clothing, and mileage, into the tool. The tool then calculates an estimated value for the donation based on current market prices and provides the user with the total value of their charitable contributions.
The ItsDeductible tool is especially helpful during tax season because it enables taxpayers to easily transfer their donation information to their TurboTax tax returns.
Saving time, and potentially saving money by enabling you to maximize your tax return, TurboTax ItsDeductible is a valuable tool for individuals seeking to keep track of their charitable activities.
Overview
TurboTax ItsDeductible is a Freeware software in the category Business developed by Intuit.
The latest version of TurboTax ItsDeductible is 10.0, released on 02/18/2008. It was initially added to our database on 10/29/2007.
TurboTax ItsDeductible runs on the following operating systems: Windows.
TurboTax ItsDeductible has not been rated by our users yet.
Pros
- User-friendly interface makes it easy to navigate through the application
- Helps users maximize tax deductions by tracking and valuing donations accurately
- Integration with TurboTax software makes tax filing easier
- Provides reports and summaries of donations for tax purposes
- Available as a mobile app for convenient access on-the-go
Cons
- Must have an Intuit account to use the software
- Some users may find the pricing for the Deluxe version to be high
- Not suitable for complex tax situations that require professional advice
FAQ
What is TurboTax ItsDeductible?
TurboTax ItsDeductible is a free online tool offered by Intuit that helps you track and value your charitable donations for tax deduction purposes.
Is TurboTax ItsDeductible free?
Yes, TurboTax ItsDeductible is completely free to use.
Do I need to have TurboTax software to use ItsDeductible?
No, you do not need to have any other TurboTax software to use ItsDeductible. It is a standalone tool that can be used on its own.
Can ItsDeductible import data from other sources?
Yes, ItsDeductible can import donation data directly from your Charity Navigator or TurboTax account if you have one.
Can I use ItsDeductible on my mobile device?
Yes, there is a mobile app available for ItsDeductible for both iOS and Android devices.
Does ItsDeductible provide valuation guidelines for donations?
Yes, ItsDeductible provides recommended values based on the type of item donated and its condition.
Can I print out my donation summary from ItsDeductible?
Yes, you can easily print out a summary of all your donations for the year from ItsDeductible.
Does ItsDeductible support non-cash donations?
Yes, ItsDeductible supports donations of both cash and non-cash items such as clothing, electronics, and household goods.
Is ItsDeductible available in multiple languages?
No, unfortunately ItsDeductible is only available in English at this time.
Can I use ItsDeductible for business donations?
No, ItsDeductible is designed specifically for personal charitable donations and cannot be used for business donations.
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