What is a .TAX20 file?
A .TAX20 file is a special kind of document that is made using a program called TurboTax 2020. TurboTax is a tool that people in the United States use to help them fill out their taxes, which is something everyone has to do every year to tell the government how much money they made and to see if they owe any money or will get some back. The 2020 in TurboTax 2020 means it's made for taxes for the year 2020.
When someone uses TurboTax on their computer to work on their taxes, they can save their work in a file that ends with .TAX20. This file has all the information they put into TurboTax, like their personal details (name, address, etc.), the main tax form for the federal government, and any forms for the state taxes they might need to do too. It's a way to keep all their tax information together in one place.
Even though you might see files that end in .TAX2020, which are more common, .TAX20 files are pretty much the same thing. They just have a shorter name.
To open a .TAX20 file, you need to use TurboTax. TurboTax comes in different versions. There's one you can download and install on your computer, which works on Windows and macOS. There's also a version you can use on the internet, called TurboTax Online. Depending on what you need, TurboTax has different types like Basic, Deluxe, Premier, and Home & Business. Each type has different features and costs different amounts of money.
If you have a .TAX20 file, you should open it with TurboTax. If you try to open it with something else, it probably won't work because it's made specifically for TurboTax. Remember, .TAX20 files are not as common because TurboTax usually saves files as .TAX2020 when you choose to save your work.
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