TurboTax Review 2023 by a CPA | Pros + Cons | Walkthrough | Tutorial

In this TurboTax review, tutorial, and walkthrough, Logan Allec, CPA gives his opinion on the TurboTax software for use in preparing 2022 tax returns due in 2023. He also goes over TurboTax vs. H&R Block. Having been a CPA for over a decade, Logan has ample experience with all kinds of tax preparation software and is excited to share his knowledge with you in this video.

Table of Contents:
0:00 TurboTax Review 2022-2023
0:41 Today's Sponsors
1:55 TurboTax Free Edition
4:50 TurboTax Paid Editions (Deluxe, Premier, Self-Employed)
6:30 How Did You Do Your Taxes Last Year?
6:58 Signing Into TurboTax
8:09 Inputting Your Basic Personal Information
9:04 Your Marital Status
9:51 Other Basic Personal Questions
10:07 Big Picture Income and Deductions
11:13 Marketing Consent Form
12:52 More Basic Personal Information
13:53 Inputting Your Dependent(s)
17:00 Even More Basic Personal Information
17:26 Filing Status Determination
17:43 You Have to Input Your Phone Number
18:37 Plus Upsell 1
20:10 Inputting Your Income
20:35 Inputting Your W-2
25:10 Running Refund Amount
25:25 Uncommon Situations
25:38 Potential Other Income
25:47 Foreign Bank Accounts, Trusts, and Financial Assets
26:50 Form 1099-K DRAMA and CONFUSION!
33:20 Disaster Distributions
34:02 Digital Assets
34:11 Complaining About the Form 1099-K Issue
35:00 Inputting Your Deductions and Credits
37:00 Child and Dependent Care Credit
39:43 More Uncommon Situations
40:12 State Taxes
43:20 Plus Upsell 2
43:26 Revisiting the Form 1099-K Issue
50:25 TurboTax Pros and Cons

I may be compensated if you use the links above.

Have you ever used TurboTax? If not, how do you file your taxes? Let me know in the comments below!

#tax #taxes #taxsoftware

[shalzsoulz]

I was trying to print my federal and state return. I noticed it's printing payment vouchers as if I owe money to the IRS. However, on the main screen, on top, it says that I am expecting a refund for both State and Federal.

[FANGSTALKERNINJAMASTER]

I used turbo tax for years ($50-250 a year) until I found out I could do the same return for free. Saved me $$$. I will never use turbo tax again.

[someotherdude]

We need “We know Baby’s a baby, but we have to ask” shirts 😂

[NoelLorenzanaCPA]

Good stuff, Logan! Thanks for the review.

[albertshamailov]

Hi Logan! If I’m a newcomer and I worked two months in my home country. On the question “ What kind of job did I do?”, should I check “foreign” and T4 or just T4?

[KT-zpqw]

if I did mine and pay for the deluxe, can I sign back in to do a new one for my daughter, or I need to pay again for her?

[garnettplum]

I'm from Canada and therefore don't have your forms, but it seems to me that your problem with the 1099-K was when Paypal showed the tab "Stocks, Bonds 1099-B". Over to the right there is a pull-down arrow that indicates there may be other options like"personal item sales" under Paypal but you neglected to click on the pull-down. Therefore your return is showing that you have Stock sales which requires a premiere form and therefore an upgrade. Perhaps I'm wrong, but I've been tricked before with not seeing a pull-down tab option.

[Amitsingh-lxzx]

hello sir i am a student in canada and just came to study in the country in 2022 so theres an option that " did i move to or away from canada in 2022? so should i say yes or no! cause if i say no i donot get climate action incentive

[purpleking]

Is TurboTax (Free Edition) also free to e-file? If not, how much does it cost to e-file?

[cristianmendoza]

I filed my federal taxes with Turbo but I need to file i guess a state tax return with my domestic partner since we live in CA. Ugh, this state return is confusing since we are told you file federal as individuals but state together

[Nick-fdxz]

Nice review!! Any chance of a review for Cash App Taxes this year?

[ilc-nlyy]

Good Evening....I filed my W2 and small business taxes with Turbotax, but I haven't mailed them out yet. I never efile. I needed to remove a business expense and it only allowed me to amend it because it was completed. Being that I haven't mailed anything out yet, can I mail the first return and the amended return all together? I owe a little over $300 more than my original amount owed, so I'll add that amount to the original amount.
Or, do I only mail in the amended return, being that I haven't mailed or sent a check yet?

[garylivingston]

does logan or anyone else know in turbotax once financial information is input how to look at and print but not file the return with the IRS.

[scorch]

53 mins? Thats longer than it takes to file my taxes lol....sum it up!

[braskabani]

Is fast and easy with them but they take way too long for my returns. I pay $100 local office where I live and I get my tax return in 2 weeks max.. Turbo tax 1 month the earliest.

[AprilClayton]

You should have used Pebble Beach for baby

[Jorge_V_]

R I P turbo tax! taxes are now free for everyone like it should always has been! 🇺🇸

[theroyalone]

53 minutes reallly my attention span is too short

[timewithoutconsequence]

I’m going to try freetaxusa this year.