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TurboTax is tax preparation software developed in mid-1980 by Michael A. Chipman of Chipsoft. But, Intuit consumer 1993 intuit has acquired Chipsoft. Now Intuit consumerTax Group.TurboTax is one of the most popular income tax preparation software version packages in the United States. There is a different version of Turbo Tax such as online and version. It has compatible with Windows and Mac. TurboTax software is designed to guide users through their tax returns by step by step.  Turbo tax has different product edition for different category such as

Online and Desktop version of TurboTax

Online Version:  

Federal Free Edition or Absolute Zero: For Employee, Rent Payee & Having Dependents
Deluxe: Donated charity, paid medical expenses & Owed home
Premier: Own stock or rental property, Maximize deductions and credits
Self-employed: Own home Business and self-employed, TurboTax Self-Employed is best
for independent contractors, consultants, freelancers and small business owners to
easily maximize write-offs and business expenses

TurboTax online version Features:

Easy preparation, print, and e-file with 100% accurate calculations guaranteed
Jumpstart your refund by automatically importing your W-2 tax forms
Expanded set of self-help tools and support 24/7
Expert help, live on screen get tax advice from credentialed CPAs and EAs
Searches 350+ tax deductions and credits
Maximizes mortgage/property tax deductions
Turns charitable donations into big deductions
Get a head start by transferring last year’s info from your TurboTax return
Impacts your tax refund with personalized reports
Store all of your important tax documents for anytime access and protection
Covers stocks, bonds, ESPPs and other investment income
Automatically imports investment income including cost basis
Covers rental property income and tax deductions
Maximizes business deductions for vehicle, phone, supplies, home office and more
Find business expenses you may not know about and keep more of the money you earn
Effortless expense and mileage tracking, year round from QuickBooks Self-Employed

Desktop (CD & download) Version: 

Basic: Step by Step Guidance, Personalized to you, Transfer last Year’s Info Automatic W-2 import, Expert advised, deduction for Children
Deluxe: Maximizing your deductions
Premier: Investment and Rental Property
Home and Business: Personal self-employed

TurboTax Desktop Version Features:

Maximum tax refund guaranteed
Easy prep, print, and e-file
Walks you through your tax return, double-checks as you go
Save time by importing financial data including W-2s, investment, and mortgage
information, plus import from Quicken and QuickBooks
Latest tax and healthcare laws with ease
Imports last year’s data from TurboTax and other tax software
1 state download
Help on 350+ tax deductions and credits, including mortgage interest, property taxes, and energy-efficient improvements
Tax history and maximize next year’s tax refund with Analysis & Advice
Answers to your tax questions by phone from CPAs and EAs
Investment sales stocks, bonds, royalties, mutual funds and employee stock plans
Extra guidance for rental property income, expenses, and refinancing
Retirement tax help and IRA tool helps for your retirement
Dedicated to self-employed and small businesses, contractors, consultants, and freelancers
Maximize small business and self-employment tax deductions, home office
Creates W-2 and 1099 tax forms.