TurboTax vs Wave
Side-by-side comparison of features, pricing, and integrations.
Quick Verdict
TurboTax offers more features (38 vs 27) and more integrations (4 vs 2). Starting price: TurboTax at Free vs Wave at $19/mo. TurboTax has 37 unique features while Wave has 26 unique features, with 1 features in common.
| TurboTax | Wave | |
|---|---|---|
| Category | Accounting Software | Accounting Software |
| Total Features | 38 | 27 |
| AI-Powered Features | 0 | 1 |
| Starting Price | Free | $19/mo |
| Pricing Tiers | 9 | 3 |
| Integrations | 4 | 2 |
| Shared Features | 1 | |
| Shared Integrations | 0 | |
| Data Quality | 80% | 60% |
Feature Comparison by Category
Analysis (2 vs 0)
| Feature | TurboTax | Wave |
|---|---|---|
| Credit Eligibility Checker | ||
| Deduction Impact Analysis |
Automation (0 vs 3)
| Feature | TurboTax | Wave |
|---|---|---|
| Auto-Merge and Categorize Transactions | ||
| Automated Late Payment Reminders | ||
| Reusable Message Templates |
Banking Integration (0 vs 1)
| Feature | TurboTax | Wave |
|---|---|---|
| Auto-Import Bank Transactions |
Bookkeeping (0 vs 1)
| Feature | TurboTax | Wave |
|---|---|---|
| Income and Expense Tracking |
Calculation (2 vs 0)
| Feature | TurboTax | Wave |
|---|---|---|
| IRS Standard Deduction | ||
| TaxCaster Calculator |
Collaboration (0 vs 1)
| Feature | TurboTax | Wave |
|---|---|---|
| Multi-User Access |
Customization (0 vs 2)
| Feature | TurboTax | Wave |
|---|---|---|
| Brand Customization | ||
| Remove Wave Branding |
Data Management (1 vs 0)
| Feature | TurboTax | Wave |
|---|---|---|
| Document Import |
Education (1 vs 0)
| Feature | TurboTax | Wave |
|---|---|---|
| Tax Law Updates |
Expense Management (0 vs 1)
| Feature | TurboTax | Wave |
|---|---|---|
| Receipt Digitization |
Filing (3 vs 0)
| Feature | TurboTax | Wave |
|---|---|---|
| Amendment Filing | ||
| E-file Support | ||
| Print and Mail Support |
Financial Management (0 vs 1)
| Feature | TurboTax | Wave |
|---|---|---|
| Cash Flow Management |
Guarantee (6 vs 0)
| Feature | TurboTax | Wave |
|---|---|---|
| 100% Accurate Calculations Guarantee | ||
| 7-Year Tax Return Backup | ||
| Business Tax Guarantee | ||
| Expert Full Service Guarantee | ||
| Expert-Approved Guarantee | ||
| Maximum Refund Guarantee |
Integration (0 vs 1)
| Feature | TurboTax | Wave |
|---|---|---|
| Third-Party Integrations |
Invoicing (0 vs 3)
| Feature | TurboTax | Wave |
|---|---|---|
| Invoice Attachments | ||
| Recurring Invoices | ||
| Unlimited Invoices and Estimates |
Mobile (0 vs 1)
| Feature | TurboTax | Wave |
|---|---|---|
| Mobile App |
Onboarding (0 vs 1)
| Feature | TurboTax | Wave |
|---|---|---|
| Accounting Software Onboarding |
Payments (0 vs 1)
| Feature | TurboTax | Wave |
|---|---|---|
| Online Payments |
Payroll (0 vs 1)
| Feature | TurboTax | Wave |
|---|---|---|
| Payroll Management |
Planning (1 vs 0)
| Feature | TurboTax | Wave |
|---|---|---|
| Document Checklist |
Platform (1 vs 0)
| Feature | TurboTax | Wave |
|---|---|---|
| Mobile App |
Reporting (0 vs 3)
| Feature | TurboTax | Wave |
|---|---|---|
| Dashboard Insights | ||
| Financial Reporting | ||
| Monthly Financial Statements |
Security (1 vs 0)
| Feature | TurboTax | Wave |
|---|---|---|
| Security |
Service (4 vs 0)
| Feature | TurboTax | Wave |
|---|---|---|
| Do It Yourself | ||
| Expert Assist | ||
| Expert Full Service | ||
| Expert Matching |
Services (0 vs 1)
| Feature | TurboTax | Wave |
|---|---|---|
| Dedicated Bookkeeper |
Support (2 vs 2)
| Feature | TurboTax | Wave |
|---|---|---|
| Audit Defense Add-on | ||
| Audit Support | ||
| Expert Tax Support | ||
| Live Chat and Email Support |
Support & Services (0 vs 2)
| Feature | TurboTax | Wave |
|---|---|---|
| Accounting Coaching | ||
| Wave Advisors |
Tax Management (0 vs 1)
| Feature | TurboTax | Wave |
|---|---|---|
| Tax Time Preparation |
Tax Support (13 vs 0)
| Feature | TurboTax | Wave |
|---|---|---|
| 1099 Income Support | ||
| Business Return Support | ||
| Child Tax Credit Support | ||
| Earned Income Tax Credit (EITC) Support | ||
| Form 1040 Simple Return Support | ||
| Itemized Deductions Support | ||
| Rental Property and Property Sales Support | ||
| Retirement Plan Distributions | ||
| Schedule 1-A Deductions | ||
| Self-Employment Tax Support | ||
| Stock Sales and Crypto Support | ||
| Student Loan Interest Deduction | ||
| W-2 Income Support |
User Experience (1 vs 0)
| Feature | TurboTax | Wave |
|---|---|---|
| Pause and Resume |
Unique Features
Only in TurboTax (37)
Credit Eligibility Checker
Deduction Impact Analysis
IRS Standard Deduction
TaxCaster Calculator
Document Import
Tax Law Updates
Amendment Filing
E-file Support
Print and Mail Support
100% Accurate Calculations Guarantee
7-Year Tax Return Backup
Business Tax Guarantee
Expert Full Service Guarantee
Expert-Approved Guarantee
Maximum Refund Guarantee
Document Checklist
Security
Do It Yourself
Expert Assist
Expert Full Service
+ 17 more unique features
Only in Wave (26)
Auto-Merge and Categorize Transactions
Automated Late Payment Reminders
Reusable Message Templates
Auto-Import Bank Transactions
Income and Expense Tracking
Multi-User Access
Brand Customization
Remove Wave Branding
Receipt Digitization
Cash Flow Management
Third-Party Integrations
Invoice Attachments
Recurring Invoices
Unlimited Invoices and Estimates
Accounting Software Onboarding
Online Payments
Payroll Management
Dashboard Insights
Financial Reporting
Monthly Financial Statements
+ 6 more unique features
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