Tips For E-Filing Taxes Online For Free
Published:There is a lot that you need to know if you are going to e-file your taxes online.
One detail that you don’t want to overlook is the fact that you can do this for free. Don’t let anybody tell you that you have to pay to e-file your federal tax return because that is not the case. There are various ways that you can file your taxes online and free of charge.
Here are five tips to follow if you want to e-file your taxes online for free:
1. Consider every option
Unlike a paper return, when you decide to file electronically there is more than one way of doing so. Most people choose to use tax preparation software. Not only can you find software that is free, but most of them will give you the ability to e-file your federal tax return without paying a dime. The IRS has their own system that many people qualify to use. It is called the IRS Free File program, and it’s made possible through a partnership with the Free File Alliance LLC. In order to be eligible for this free e-filing option, your adjusted gross income (AGI) must be below a certain threshold.
2. Have what you need so you can file quickly
Many people let their guard down as soon as they realize they can e-file their return online. Don’t make this mistake. You need to provide all the same information as you would if you were filing a paper return. Also be very cautious of online filing scams, which may promise free e-filing but could end up stealing your tax refund.
3. Consider a tax professional
You can hire a tax professional to electronically file your taxes. However, note that while the e-filing itself may be free, you will have to pay for the services of the tax professional. If your tax situation is complex, it’s generally recommended that you enlist the help and advice of a professional to e-file your taxes.
4. Don’t waste money on software
Don’t buy expensive tax software when most providers offer free programs that come with free online e-file. While some individuals/organizations may need to purchase more advanced tax software, don’t go overboard unless it is totally necessary.
5. Two birds with one stone
You can usually e-file your state tax return and your federal return at the same time. You can do this through your tax software, or directly with your state if it’s offered. Most tax software programs charge approximately $30 for each state return. If you want to e-file taxes online for free you can better your situation by following the five tips above.