YSK: There are free alternatives to TurboTax online
Introduction
As I sat down to do my taxes this year, I realized how much I’d been taken for a ride by those “free” online services. The truth is, there’s a whole world of free tax preparation options that can save you money and time. In this post, we’ll explore the DIY hack of using the IRS’s Free File system to do your taxes without breaking the bank.
Materials Needed
- Your W-2 forms and other necessary tax documents
- A computer or mobile device with internet access
- The IRS’s website (https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free)
Step-by-Step Guide
- Head over to the IRS’s website and explore the Free File system.
- Choose a trusted partner (such as Tax Act or FreTaxUSA) that meets your needs based on your expected adjusted gross income.
- Follow the guided questions and tips provided by your chosen partner to prepare your federal return.
- If you need to file a state return, check if it’s free based on your expected adjusted gross income. Some states may have additional requirements or costs.
- Double-check your work and submit your tax return.
Troubleshooting
If you encounter any issues or have questions about the Free File system, don’t worry! The IRS website has a wealth of information to help you navigate the process. If you’re still stuck, consider reaching out to a trusted partner’s support team for assistance.
Time-Saver Tip
By using the IRS’s Free File system and choosing a free or low-cost tax preparation service, you can save yourself up to $50 in fees – perfect for splurging on a nice dinner or coffee date. Plus, with no more TurboTax markups, you can enjoy the satisfaction of knowing your money is going directly towards making ends meet.
