Free Online Tax Preparation
So you haven’t done your taxes yet, right? No problem. Now there's a new way you can use top performing tax software programs like H&R Block and TurboTax to prepare your taxes quickly and easily. Best of all, it won’t cost you a thing.
The real secret is an IRS program called Free File that allows you to prepare and file your federal tax return electronically using these top tax software choices, and dozens of other popular tax software brands for free!
The Free File program has been around for a few years, but it used to have very stringent income requirements that limited the income qualifications to taxpayers whose incomes were below a certain level.
These day's the service is opened up to 99% of taxpayers with simple returns.
The IRS Free File web site is the spot to sign up to use this free way of filing you federal tax return. Note: this is really a basic filing format that limits qualifying returns to those that don't require special forms for investments and itemized deductions.
For more complicated returns needing the extra support, we recommend market leaders H&R Block or TurboTax for the extra guidance for special tax forms.
On the Free File website you’ll want to click the gray button at the bottom of the page that says, “Start Now” where you’ll have the option of browsing all the services offered or choosing to use the “Guide Me to a Service” wizard to help you select what will work best for your filing needs.
The wizard asks a few basic questions about your income and income to suggest list of companies for tax software brands whose free products meet your filing requirements.
Should these Free File options not work for you, there are still Free Edition options from these software brands that can be used directly through their own websites.
The big tax companies participate in offering the FreeFile program in order to be readily available should you need to upgrade to one of their deluxe products that offer more robust support for additional filing needs.
Additional support can be beneficial for things like advanced tax planning advice, the ability to import data from employers and software you used the previous year, as well as extra support for investments and deductions.
State tax programs are not included under Free File, so these companies participate so that you can use their free federal program then end up buying their state program to prepare your state tax filing.
Use Top Tax Software Brands to File For Free
Every year we have the task to file our tax return and every year it's something many of us avoid until the last minute. There are so many details to take care of along with new changes in the tax laws which makes tax return filing seem overwhelming.
When was the last time income tax filing was a pleasant experience? Well, income tax preparation doesn't have to be the tedious chore you have experienced in the past. There are many tax software products on the market that can change the way you feel about that necessary chore each year. Filing tax returns online is easy, and this could be the time to streamline the way you get your refund from now on!
Spending just a little bit of time learning the options available with various income tax programs can maximize the deductions you are able to take, help you calculate depreciation strategies, minimize audit risks, report gains or losses from stocks and bonds, even get live tax advice while working through the forms.
Income tax software programs designed for filing tax returns online have become a valuable tool for managing your financial world. Whether its' your federal or your state income taxes, you can do it yourself and keep money in your pocket! Who doesn't want to do that?
If you're ready to try something different this year, then it's time to review your product choices for filing tax returns with ease and make a selection based on what your particular situation requires. A good choice will make a big difference in your next tax return filing experience.
TurboTax or H&R Block Free Online Tax Returns
While there are a multitude of products, each with different features and price points, there are two clear leaders in the income tax returns field each and every year. TurboTax and HR Block are the products offering the best choices based on popularity and annual tax software sales.
Choosing between these two top contenders for tax return preparation could be a coin toss when you look a reviews for tax software comparisons. However, they do both have their significant strengths and we are here to tell you what those are, and how you can make a good decision for your needs.
File Your Tax Return Free Using TurboTax
Right up front you should know that TurboTax is the #1 market leader for online tax preparation and desktop tax software sales.
Furthermore, this is a position they have held for decades and we see no change in their dominance of this category coming anytime soon.
There is no longer a need to pay someone else to prepare your income tax return.
File Your Tax Return Free With H&R Block
With the largest network of tax professionals in the world, H&R Block Tax Pro's are there in your neighborhood to help.
Cost is not the only consideration when making your tax filing choice. Make a tax filing choice that will deliver the quality product you need to manage the process of filing your tax return easily and improve your tax season chores.
Cant File On Time? File A Tax Return Extension
When your not on top of your taxes with a timely filed tax return, taxpayers are highly encouraged to pay all the taxes they owe in full to avoid penalties and interest charges. Beyond that, you don't have to file your return by the April deadline if you filed for an income tax extension prior to the tax filing deadline.
If taxes are not paid, the IRS could take serious enforced collection action, such as levying your bank accounts, wages, or other income and assets you have.