Free Online Income Tax Filing 2019 - 2020
If you haven't been filing your income tax return online, then you might be missing out on a great opportunity to file your return for free. Many online tax preparation services offer free online income tax filing for simple returns.
Who Can Qualify for Free Online Income Tax Filing?
If you use basic 1040 or 1040EZ tax forms and have a simple tax return you will most likely qualify for free online income tax filing on your federal income tax return preparation and efiling.
With free online income tax filing there is no income limit restriction to use these programs, just limitations in tax filing features. If you have special or unique tax filing situations that may require further tax assistance like home owner and investment deductions, these free editions won't work for you.
If you qualify to use the free online income tax filing editions to file your return, then you can also take advantage of other benefits that come along with filing online. These free programs also include free E-file for electronically filing your tax return with the IRS. With electronic filing you can have your refund in your hand in a much shorter time by choosing direct deposit into your bank account.
Receive step by step instructions for avoiding costly errors on your return as well as accurate calculations.
IRS Free File Program
If you are using one of the IRS free-file programs to file directly through the IRS, then there are some additional restrictions.
In order to file your return for free with IRS free-file editions, your income cannot exceed the annual income limit set each year.
They also do not offer any kind of online tax preparation assistance should you have any questions along the way.
Beyond that, one of the drawbacks to filing with one of the companies listed on the IRS free file program is that most people will also need to file a state return as well depending on what state they live in.
When it's time to prepare your state tax return, you have to deal with a lot of the same hitches that applied to filing your federal tax return for free.
Depending on what software you choose, most do not offer a free state edition.
Should state filing be offered for free, sometimes with less popular brands you'll have to enter in your information twice -- once on the federal return, and once on the state return.
Having to enter the information into the tax preparation process twice increases the chance of errors on your federal and state tax returns.