You may qualify to file your taxes online for free. As long as your income doesn’t exceed the limit you can file your taxes online without a fee or charges of any kind. This is especially useful for people that are only filing their taxes to get the stimulus payment.

If your adjusted gross income was $54,000 or less in 2007, you can file online for free. The IRS calls this program “Free File.” The IRS has contracted with several online tax filing companies for the Free File program.

For a complete list of companies you can check the IRS Free File Alliance page to find the companies that participate. Among the sites offering this service are H&R Block’s TaxCut, TurboTax and TaxACT. These sites are the major “do it yourself” tax preparation companies.

I used H&R Block’s TaxCut website to file my 2007 taxes. I usually have a tax professional prepare my taxes but this year I was a bit late getting my tax documents together because I had to wait on my business taxes. I have to say I was impressed. I haven’t used tax preparation software in several years and it has come a long way.

TaxCut was able to handle my LLC (business) taxes as well as my more mundane issues. It’s wizard interface walked me through the whole thing with no problems. I’m not affiliated with TaxCut in any way. I just think that when you find a product useful you should let people know.

Only Filing for the Stimulus Payment

If you are only filing your taxes to get the stimulus payment the IRS has a special set of online tax sites just for this purpose. You can find all the stimulus payment specific tax sites at the IRS Free File – Economic Stimulus Payment page. TurboTax and TaxACT are among the companies that offer filing specifically for the economic stimulus payment.

After April 15th

Remember if you are expecting a refund or are only filing to get the stimulus payment you can still file after April 15th. There is no penalty and you will still receive your full refund and/or stimulus payment.

Categories    Taxes     Time Sensitive

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  1. Details of the Economic Stimulus Package Payments - Wealthy Reader on April 16, 2008 9:06 am

    [...] File Your Taxes Online For Free [...]

  2. Stimulus Payments: New Payment Schedule - Wealthy Reader on April 28, 2008 10:33 am

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