If you’re anything like me, we push April 15th off and dismiss it with phrases like:
“That is so far away I have plenty of time”
“I’ll start tomorrow???”
“Are you kidding me it’s April 1st already?
Taxes aren’t just something you need to worry about in April when the deadline arrives for filing your income tax returns. Tax planning can be a yearlong process, but it’s an essential part of learning how to manage your money.
I have been looking at and talking to others about easier ways of doing their taxes.
I know it’s pretty obvious, software. But what’s the best and what is not going to take you to the cleaners… meaning cost you too much money!
Well now how does FREE sound?
I have a few that I would like to share with you.
Each of these programs has its own strengths and weaknesses.
To find out which is right for you,…. Read along.
Did you Know..???
IRS provides FREE Tax Filing Service through its website if your income is below $69,000.
While on their website
You will be directed to some of the free software available that will help you file all these forms.
Still, there are many FREE Online Tax Filing Software that you can use other than visiting the IRS website.
TurboTax Free Edition
Probably TurboTax is the most famous software in terms of tax filing. For people who prefer the free edition of TurboTax, the IncomeTax Limit is $34,000.
The software itself is pretty easy to use. It includes unlimited free help from a tax professional.
However, if you choose to use TurboTax, you can’t import income data or last year’s tax info like H&R Block would do.
TaxAct Free Edition
TaxAct Free Edition offers simple tax return and free filing for school tax deduction, W-2 processing and more.
If you are self-employed, you can also use this software.
There is an online answer center for questions and help with using TaxAct.
However, like TurboTax, you can’t import data.
TaxSlayer Simply Free
The paid version of TaxSlayer is the cheapest one among all tax software, which only needs $17.
The free version is also good to use. It has good user interface and it’s easy to use if you want to file a simple return.
However, the deduction is useless if you only file a 1040 EZ.
FreeTaxUSA Free Edition
The FreeTaxUSA Free Edition allows you to file most forms of your taxed.
You can import your data not only from last year, but also years prior to the next year, which makes things easier and help you file quickly.
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