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!
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Stephanie Gallagher
