Tuesday, March 13, 2007

File Taxes Electronically For Free!

If you still need to file a 2006 U.S. Federal Tax Return you might qualify to file it electronically for free! As of January 2007, the IRS set up arrangements with a variety of online tax software companies so that taxpayers who meet certain age and income requirements (generally an Adjusted Gross Income (AGI) of $52,000 or less) can file online for free. Some of the companies will allow you to file your state tax return for free as well. Go to this IRS link to learn more.

This afternoon we happened upon this information when we were trying to help a dear friend of ours with her taxes. She wanted to receive her Federal refund via direct deposit which was no problem. But her State return wouldn’t allow her to get direct deposit unless she filed electronically! That’s how we learned about this free service. We were able to get her set up on the “Turbo Tax Freedom Edition” by using this IRS “FreeFile” program. We chose Turbo Tax because we have used their software successfully for many years and our friend’s state was included in their options.

You have to read the IRS “FreeFile” information and options very carefully, but it’s definitely worth checking out. Our friend’s (relatively simple) Federal and State tax returns were both filled out online and submitted electronically this afternoon - all at no charge to her! It took us just about an hour and a half from start to finish.
:: Good Luck!

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