Are you still paying someone to prepare your income tax return for you? If so, then congratulations because you could save a bunch of money just by reading this. Online tax services make preparing your own taxes so easy you’ll actually become amazed that you were paying someone else all those years. Don’t believe me? Take a look at some tax software screenshots… notice the easy interface and simple language used:
It’s just one question at a time, simple and easy. “Do you have any W2 income to report?” well the answer is easy: yes or no. Did you get any W2s in the mail or not? Do you work for wages or not? Answer yes if you do but if you don’t work or you work for yourself then you would answer no. If you get stuck, you can use the question area to the right of the screen, see above. Another tip: type your question into a search engine. If you have a tax question then chances are, others have too.
IRS Free File
Now, the IRS must approve these commercial software companies. The tax software must be IRS-approved and you can find out whether yours is by going to the IRS Free File webpapge. They call their approved list of commercial tax software providers: IRS Free File. If you make under $58,000 annually then you qualify to use IRS Free File. Again, all this is is a list of companies who offer tax filing services for free. Go here for that list of IRS Free File providers.
If your income is over $58,000 you can use the IRS’s Free Fillable Forms. They are not as pretty as what you see above (which by the way is TurboTax as you can see), but it gets the job done. Or you could just pay the commercial software companies to get the software to do it that way, so it’s all nice a pretty and easy.