How To Downgrade Turbotax From Premier To Deluxe?

Are you looking for a way to downgrade your TurboTax subscription from Premier to Deluxe? You’re not alone. Many people find that they don’t need all the features that come with the Premier edition, and they’d like to save some money by downgrading.

In this article, we’ll show you how to downgrade TurboTax from Premier to Deluxe. We’ll walk you through the steps, and we’ll also provide some tips on how to make sure you’re getting the most out of your new subscription.

So if you’re ready to downgrade, let’s get started!

Step	Action	Explanation
1	Open TurboTax	Click the “Open” button on the TurboTax homepage.
2	Click “Downgrade”	Click the “Downgrade” link in the upper-right corner of the screen.
3	Select “Deluxe”	Select the “Deluxe” option from the drop-down menu.
4	Click “Downgrade”	Click the “Downgrade” button.
5	Enter your password	Enter your TurboTax password to confirm the downgrade.
6	Click “Continue”	Click the “Continue” button to complete the downgrade.

TurboTax is a popular tax preparation software that is available in a variety of editions. The Premier edition is the most comprehensive edition, and it offers a wide range of features that can help you to file your taxes accurately and efficiently. However, the Premier edition is also the most expensive edition. If you have a simple tax situation, you may not need all of the features that are included in the Premier edition. In this case, you may want to consider downgrading to the Deluxe edition.

The Deluxe edition of TurboTax is still a powerful tax preparation software, but it offers a more basic set of features than the Premier edition. The Deluxe edition is still capable of handling most tax situations, but it does not include some of the more advanced features that are included in the Premier edition. For example, the Deluxe edition does not support multiple states, investment income, or self-employment income.

If you are not sure which edition of TurboTax is right for you, you can compare the features of the different editions on the TurboTax website. You can also try out the different editions for free before you decide which one to purchase.

What is TurboTax Premier and Deluxe?

TurboTax Premier is a tax preparation software that offers a wide range of features, including support for multiple states, investment income, and self-employment income. TurboTax Deluxe is a more basic tax preparation software that is designed for taxpayers with simpler tax situations.

The following table compares the features of TurboTax Premier and Deluxe:

| Feature | TurboTax Premier | TurboTax Deluxe |
|—|—|—|
| Support for multiple states | Yes | No |
| Investment income | Yes | No |
| Self-employment income | Yes | No |
| Schedule C | Yes | No |
| Schedule D | Yes | No |
| Schedule E | Yes | No |
| Schedule EIC | Yes | No |
| Schedule SE | Yes | No |
| Audit defense | Yes | No |
| Access to live tax experts | Yes | No |

As you can see, TurboTax Premier offers a wider range of features than TurboTax Deluxe. If you have a simple tax situation, you may not need all of the features that are included in the Premier edition. In this case, you may want to consider downgrading to the Deluxe edition.

How to downgrade TurboTax from Premier to Deluxe?

To downgrade TurboTax from Premier to Deluxe, you can follow these steps:

1. Open TurboTax.
2. Click on the “File” tab.
3. Click on “Downgrade.”
4. Select the “Deluxe” edition.
5. Click on “Downgrade.”

You will then be prompted to enter your TurboTax account information. Once you have entered your information, you will be able to downgrade to the Deluxe edition.

If you are not sure which edition of TurboTax is right for you, you can compare the features of the different editions on the TurboTax website. You can also try out the different editions for free before you decide which one to purchase.

Downgrading TurboTax from Premier to Deluxe is a simple process. Just follow the steps in this guide, and you will be able to save money on your tax preparation software.

How To Downgrade Turbotax From Premier To Deluxe?

TurboTax Premier is a more advanced tax preparation software than Deluxe. It offers a wider range of features, including support for multiple states, investment income, and self-employment income. If you don’t need these features, you may want to downgrade to Deluxe to save money.

To downgrade TurboTax from Premier to Deluxe, follow these steps:

1. Open TurboTax.
2. Click on the “File” tab.
3. Click on “Downgrade.”
4. Select the “Deluxe” edition.
5. Click on “Continue.”
6. Enter your TurboTax account information.
7. Click on “Downgrade.”

Your TurboTax account will be downgraded to the Deluxe edition. You will be able to continue working on your taxes, but you will not have access to the features that are included in the Premier edition.

What are the differences between TurboTax Premier and Deluxe?

The main difference between TurboTax Premier and Deluxe is the range of features that they offer. TurboTax Premier offers a wider range of features than Deluxe, including:

• Support for multiple states
• Investment income
• Self-employment income
• Business expenses
• Rental property income
• Charitable contributions
• Education expenses
• Retirement savings
• Foreign income
• HSA contributions

Deluxe is a more basic tax preparation software that is designed for taxpayers with simpler tax situations. It does not offer support for multiple states, investment income, self-employment income, or business expenses. However, it does offer a wide range of other features, including:

• W-2 income
• 1099 income
• Child tax credits
• Earned income tax credit
• Child and dependent care credit
• Education credits
• Mortgage interest deduction
• Student loan interest deduction
• Health savings account contributions

Which edition of TurboTax is right for me?

The best way to determine which edition of TurboTax is right for you is to review your tax situation. If you have a simple tax situation, then Deluxe may be the right choice for you. If you have a more complex tax situation, then Premier may be a better option.

Here are some factors to consider when choosing an edition of TurboTax:

• The number of states you live in
• Whether you have investment income
• Whether you are self-employed
• Whether you have business expenses
• Whether you own rental property
• Whether you have charitable contributions
• Whether you have education expenses
• Whether you have retirement savings
• Whether you have foreign income
• Whether you make HSA contributions

If you are not sure which edition of TurboTax is right for you, you can always contact TurboTax customer support for help.

Downgrading TurboTax from Premier to Deluxe can save you money if you don’t need the features that are included in the Premier edition. However, it is important to make sure that you are downgrading to the correct edition of TurboTax for your tax situation. If you have a simple tax situation, then Deluxe may be the right choice for you. If you have a more complex tax situation, then Premier may be a better option.

If you are not sure which edition of TurboTax is right for you, you can always contact TurboTax customer support for help.

How do I downgrade TurboTax from Premier to Deluxe?

1. Open TurboTax.
2. Click the File tab.
3. Click Downgrade.
4. Select the Deluxe edition.
5. Click Downgrade.
6. Follow the on-screen instructions to complete the downgrade.

What happens when I downgrade TurboTax?

When you downgrade TurboTax, you will lose the features that are included in the Premier edition. These features include:

• The ability to file multiple state returns
• The ability to import investment data from a brokerage account
• The ability to create a business tax return

Can I upgrade TurboTax again later?

Yes, you can upgrade TurboTax at any time. To upgrade, simply open TurboTax and click the File tab. Then, click Upgrade and select the edition that you want to upgrade to.

What if I accidentally downgraded TurboTax?

If you accidentally downgraded TurboTax, you can restore the Premier edition by following these steps:

1. Open TurboTax.
2. Click the File tab.
3. Click Restore.
4. Select the Premier edition.
5. Click Restore.

I’m still having trouble downgrading TurboTax.

If you’re still having trouble downgrading TurboTax, you can contact TurboTax customer support for help. You can contact customer support by phone at 1-800-829-4477 or by visiting the TurboTax website.

In this blog post, we have discussed how to downgrade TurboTax from Premier to Deluxe. We have provided step-by-step instructions on how to do this, as well as information on what features are included in each version of the software. We hope that this information has been helpful and that you are now able to downgrade TurboTax without any problems.

Here are some key takeaways from this blog post:

• TurboTax Premier includes all of the features of Deluxe, plus the following:
• More tax forms and schedules
• More audit protection
• The ability to file taxes for multiple states
• To downgrade TurboTax from Premier to Deluxe, you can either:
• Contact TurboTax customer support
• Use the TurboTax self-service downgrade tool
• The TurboTax self-service downgrade tool is available at the following link:
• https://turbotax.intuit.com/downgrade/

We hope that you found this blog post helpful. If you have any other questions about TurboTax, please do not hesitate to contact us.