Free online tax return preparation

February 19, 2013 by  
Filed under Featured, Tax Preparation Software

free-file-logo 190x190EVERYONE is eligible to Free File! Let Free File do the hard work for you with brand-name software or online fillable forms. You can prepare and e-file your federal tax return for free. Participating software companies make their online tax return preparation software products available through the IRS. Some of the tax software also supports state tax returns. Review the three-step process below, and you’ll be on your way to e-filing your tax return–for free!

1. Get Ready

  • Gather your tax information. You need a copy of last year’s tax return and your W-2s, 1099s, etc.
  • Determine your AGI. Check your last year’s tax return for a quick estimate of your adjusted gross income (AGI). Did you know that approximately 70% of all taxpayers have an AGI of $60,000 or less?
  • Review the Free File FAQs. Read the Free File FAQs and Free File Fillable Forms FAQs (PDF) for more information about the program.

2. Choose a Free File Option

  • Use Free File Tax Software. This program is available if your AGI for 2014 is $60,000 or less. Free tax software makes it easier to prepare your own tax returns. State tax returns are also available and, in some cases, free.

–OR–

  • Use Free File Fillable Forms. Everyone is eligible to use Free File fillable forms, which are online versions of the IRS’ paper forms designed for people comfortable preparing their own tax returns. There is no AGI limitation for using the free fillable forms. This option does not offer state tax returns and performs only basic calculations.

3. e-file Your Return for Free!

  • e-file with Free File. Transmit your return electronically by using secure IRS e-file.
  • Use direct deposit. Get your tax refund quickly and safely, and you can track your tax refund status within 72 hours after you e-file.
  • Pay electronically. Find out more about available electronic payment options.

For more information on using Free File, or to start the process of preparing your tax returns online, visit www.freefile.irs.gov.

 

Source: IRS
Last updated or reviewed: January 28, 2015

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