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Taxes Information |
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What the Tax Software Companies Dont Want You to Know
Haven't done your taxes yet? No problem. Now there is a new way you can use top tax software programs, like TurboTax and H&R Block, to get your taxes done quickly and easily. And the best part is it won't cost you a thing. The secret is an IRS program called Free File, that allows you to prepare and file your federal tax return electronically, using these and dozens of other popular tax software programs, for free! Free File has been around for a few years, but it used to have very stringent income requirements (i.e., only taxpayers whose incomes were below a certain level could use it). This year is the first time the service is being opened up to 99% of taxpayers. Important: You must go through the IRS official web site in order to get this deal. Go to http://www.irs.gov and click on the link at the top of the home page that says Free File. (Note: It's not on the navigation bar. It's on the home page itself.) Next, you'll want to click the gray button at the bottom of the page that says, "Start Now." At this point, you'll have the option of browsing all of the services offered or choosing to use the "Guide Me to a Service" wizard to help you select one. The wizard will ask you a few basic questions about your age and income and then come back with a list of companies whose free products meet your needs. Why is the IRS doing this? In a nutshell, to save money. It's cheaper, faster and easier for them to process returns electronically. Why should you do it? Because it's cheaper and easier to file, and you can get your refund faster. Why are the big tax companies offering this deal? They're trying to get you to upgrade to one of their deluxe products, which offer things like tax planning advice, the ability to import data from software you used last year, etc. Also, state tax programs are not included in this deal. So the companies probably figure that if you use their free federal program you'll end up buying their state one. Remember: You must go through the IRS official web site in order to get this deal. If you go to the tax companies' sites, you will not get this offer. In fact, some of these companies not only charge you to do your return online, but then they'll also hit you with a fee once you try to file electronically. So you'll pay twice if you don't go through the IRS web site. Happy tax preparing! Stephanie Gallagher reveals her closely-guarded shopping secrets in her ezine, The Shopping Mom's Weekly Tip. Click here to get the eCookbooks Recipe Sampler Cookbook as a special gift when you subscribe: mailto: theshoppingmom@aweber.com
MORE RESOURCES:
The Ian effect on taxes - POLITICO POLITICO Providence Superman Building tax deal would save owner $29 million The Providence Journal Another income tax cut appears on the ballot as Colorado conservative groups chart a 'Path to Zero' Colorado Newsline Lawmakers Consider Changes to NM Alcohol Taxes | Santa Fe Reporter Live From the Tax Reform Battlefield | News, Sports, Jobs Wheeling Intelligencer Cross-Country Evidence on the Revenue Impact of Tax Reforms International Monetary Fund Governor Newsom Calls for a Windfall Tax to Put Record Oil Profits Back in Californians' Pockets | California Governor Office of Governor Gavin Newsom Think Biden's Social Security Tax Hike Sounds Bad? Some Lawmakers Are Calling for Even More Extreme Measures The Motley Fool Hungarian minimum wage earners have to pay the highest taxes in the world dailynewshungary.com Sullivan City Council increases property tax rate Progresstimes Summit County Council notified of intent to raise property taxes The Park Record When will Ohioans get answers on income tax refunds from the pandemic era? The Wake Up for Monday, Oct. 3, 20 cleveland.com Losing a Home for Unpaid Taxes Often Means Losing Your Equity, Too The Pew Charitable Trusts Taxes Rise as Property Values Continue to Climb Arkansas Business Online Cherry Hill votes on Thursday: Time to vote NO on new taxes New Jersey 101.5 FM Opinion | There Is a Tax That Could Help With Inflation The New York Times Mexico Relaxes Rules and Taxes for Processors Food Processing The Declaration of Independence Was a Call for More Government and More Taxes—And That’s Still an… Justia Verdict Inflation May Save You Money on Your Taxes The New York Times Silex BOA votes to lower taxes | Local-silex-news | lincolnnewsnow.com lincolnnewsnow.com Mirabito: Non-profit tax exemptions need to be addressed Lock Haven Express CommonWealth Magazine CommonWealth magazine Federal Court Orders West-Palm Beach Tax Preparer to Pay Contempt Sanction for Violating Permanent Injunction Department of Justice Gov. Mike DeWine pitches eliminating Ohio sales tax on baby items amid abortion debate The Cincinnati Enquirer The Biggest Social Security COLA in 40 Years Means a Bigger Tax Bill for Some Retirees The Motley Fool TAS Tax Tip: Get Current on Your Federal Taxes - TAS National Taxpayer Advocate Rise in Deaths Spurs Effort to Raise Alcohol Taxes The New York Times Tax Relief Hurricane Ian: What are the extended tax and payment deadlines for victims? Marca English UK cuts taxes, boosts spending, accelerating pound's slide The Associated Press - en Español Additional New York State child and earned income tax payments Department of Taxation and Finance Property Taxes by State & County: Median Property Tax Bills Tax Foundation IDA OKs Tax Breaks For Portland Solar Project Jamestown Post Journal US moving closer to letting Americans file taxes online for free Business Insider Justice Department Seeks to Shut Down Texas Tax Preparer Department of Justice EU plans windfall taxes to counter 'astronomic' energy bills Financial Times Windfall Taxes Are the Latest Hit on Europe's Banks The Wall Street Journal EU targets €140bn from windfall taxes on energy companies Financial Times California governor opposes tax on rich in statewide TV ad The Associated Press - en Español FACT SHEET: This Tax Day, the President Is Fighting to Reward Work, Not Wealth, While Republicans Want to Increase Taxes on the Middle Class The White House Ranking Member's News | Newsroom | The United States Senate Committee on Finance Hearing | Hearings | The United States Senate Committee on Finance Taxes and USDA Programs Farmers.gov The President and Vice President release their 2021 tax returns The White House myPATH for Business Taxes PA Department of Revenue Act 115 Refund | Department of Taxation eHawaii.gov Suspension of certain taxes on motor fuel and diesel motor fuel - Department of Taxation and Finance Suspension of certain taxes on motor fuel and diesel motor fuel Department of Taxation and Finance NJ Division of Taxation - Sales Tax Holiday for Certain Retail Sales New Jersey (.gov) NJ Division of Taxation - ANCHOR Program New Jersey (.gov) Homeowner tax rebate credit (HTRC) Department of Taxation and Finance Student Loan Debt Cancelation Tax Treatment Tax Foundation Analysis | The Senate bill and Biden's pledge to not raise taxes on people making less than $400000 The Washington Post Sweetened beverage taxes produce net economic benefits for lower-income communities University of Washington Democrats Propose Raising Taxes on Some High Earners to Bolster Medicare The New York Times Analysis Deems Biden’s Climate and Tax Bill Fiscally Responsible The New York Times |
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