Friday, December 30, 2011

Filing Your 2012 Taxes Online...For Free

There are lots of come-ons for online tax filing services that promise to get you quick refunds, as well as for tax preparation software that can help you.  In truth, many people are entitled to free tax help.  In a previous post, I discussed face-to-face tax assistance that low and moderate income people can get, and where to find it

You can also efile for free at any income level at the IRS website for efiling.  However, this site does not become active until January 17, 2012.  If you want to get a jump on this, you can file a federal tax for for free on this site by TaxACT.com. It's a commercial site, but the basic vanilla service for federal returns is in fact free for every income level.  However, if you want fancier services like state returns, importing your old returns, etc., you can get these for additional fees.

Here's some distinctions in IRS free efiling services: the IRS allows anyone at any income level to file for free, but people with an adjusted gross income of less than $58,000 can also have a choice of free software to help them.  But you must wait until January 17, 2012 to file for 2011.  If you can hold off that long--and have an adjusted gross income of less than $58,000--you can have access to free software to help you with your efiling.  Good (free) things come to those who can wait a few weeks.

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