Did you know that you can file your Federal Individual Income Tax Return on line for free?
Yep that’s right – free!
The Internal Revenue Service offers an online program called “freefile.”
“The Free File program is a free federal tax preparation and electronic filing program for eligible taxpayers developed through a partnership between the Internal Revenue Service (IRS) and the Free File Alliance LLC, a group of private sector tax software companies. Since Free File’s debut in 2003, more than 15.4 million returns have been prepared and e-filed through the program. Free File allows taxpayers with an Adjusted Gross Income (AGI) of $52,000 or less in 2006 to e-file their federal tax returns for free. That means 70 percent of all taxpayers – 95 million taxpayers – can take advantage of the Free File program.” (IRS web site).
Fees for state income tax returns may apply. However, some companies offer free state tax return preparation and e-filing. (IRS web site). Check back for more details regarding free state income tax return e-filing.
If you want to learn more about “freefile,” visit the Internal Revenue Service web site at www.irs.gov/efile
Remember to always consult with your tax advisor regarding your income tax needs.
Stacie Clifford CPA is licensed by the California Board of Accountancy.