Introduction
Filing taxes is an essential task that the majority of Americans must do every year. However, it can also be a confusing and overwhelming process. For many people, filing taxes means shelling out cash for tax preparation services or pricey software. But, the good news is that many online websites offer free tax filing services. Here are some common misconceptions about filing taxes for free:
- It’s only for those with low income: Many people think that you must have a low income to file your taxes for free. However, there are often no income restrictions for these free filing services.
- It’s too complicated: Some people feel intimidated by the idea of filing their taxes for free, thinking that it’s too complicated for them to do. However, these websites make the process easy, whether you’re an experienced filer or a newbie.
- It’s not safe: Others believe that free tax filing services may not be safe or secure. However, the websites we’ll discuss below use top-level encryption and take several measures to ensure your data is safe.
7 Free Online Websites to File Taxes With Ease
We’ve compiled a list of seven free websites where you can file your taxes with ease.
- TurboTax: TurboTax offers free tax filing if you have a simple tax return, such as W-2 income, earned income tax credit, child tax credit, and unemployment income. TurboTax’s free version includes error check, refund tracking, and technical support. If you need more advanced features, TurboTax’s Deluxe edition has a charge.
- H&R Block: H&R Block offers free online tax filing for federal and state taxes. For those who have more complex tax situations, H&R Block offers various paid services to suit their needs. The website includes a drag-and-drop feature, an error check, and a guarantee that you’ll receive the maximum refund possible.
- Credit Karma: Credit Karma is a free credit score monitoring website. However, Credit Karma Tax lets you file your taxes for free, whether you have a simple or complex tax situation. The website offers intuitive guidance, a maximum refund guarantee, and audit defense assistance.
- FreeTaxUSA: FreeTaxUSA is a straightforward website to use with step-by-step guidance and a refund calculator. With FreeTaxUSA, you can file both federal and state tax returns for free, no matter what your tax situation is. The free version includes support for W-2 income, and if you need more help, the Deluxe version starts at around $6.99.
- TaxAct: TaxAct offers free federal tax filing and charges a small fee for state tax filing. The website caters to simple and complicated tax situations, with a clean and easy-to-use interface. TaxAct’s free version includes a maximum refund guarantee, as well as unlimited tax and technical support via phone and email.
- IRS Free File: The IRS has its free online tax filing service that’s available to anyone who has an adjusted gross income of $72,000 or less. The program includes free tax-preparation software from nine leading companies, including TurboTax and H&R Block.
- Jackson Hewitt: Jackson Hewitt also offers free tax filing for both simple and complicated tax returns. The website will guide you through the process to ensure you receive every deduction and credit available to you. Jackson Hewitt’s free version includes support for earned income tax credit, child tax credit, dependent care expenses, and more.
Filing Taxes for Free: Avoiding Common Mistakes and Saving Money
Filing your taxes can be a stressful experience, and it’s important to avoid common mistakes that can cost you money and time. Here are some mistakes to avoid and tips to help you save money while filing your taxes:
- Waiting until the last minute: One of the most common mistakes people make when filing their taxes is waiting until the last minute. Filing early can not only save you money but also provide peace of mind before the tax season deadline is due.
- Not reviewing your work before submission: Always double-check and review your tax filing work before submitting it. This rule can save you from making costly mistakes that may lead to penalties or missed deductions.
- Not taking advantage of tax credits and deductions: Another major mistake is not taking advantage of all tax credits, deductions, and exemptions available to you. Familiarize yourself with the options you can claim, including work-related expenses, self-employment expenses, and student loan interest.
- Failing to file your taxes: Filing your taxes is essential, even if you can’t pay the taxes you owe. Not filing your taxes can cost you additional penalties and interest, which can add up significantly over time. Always file your taxes on time, even if you need a payment plan.
- Using a paid service without considering free options: Many people opt for paid tax services without considering free services like the ones we’ve discussed. While paid services may offer additional features, you can save significantly by taking advantage of the free services available to you.
Do Your Own Taxes for Free: Tips for First-Timers
Doing your own taxes can be intimidating, especially if you’re a first-timer. However, the benefits can be huge if you understand the process and follow the right tips. Here are some tips for first-timers looking to do their own taxes:
- Familiarize yourself with tax forms: Before starting, become familiar with tax forms, including the W-2, W-4, and 1099. Also, consider the type of tax you’re filing, whether it’s federal or state taxes, or both.
- Gather all necessary documents: Make sure you have all the necessary documents when filing your taxes. This will prevent you from realizing later that you need additional information to proceed.
- Use free tax software: Free tax software programs are easy to use and help you file your taxes step-by-step. The tax software can also help walk you through complex deductions and credits.
- File electronically: Electronic tax filing is quicker and more secure. An electronic tax filing system can check for errors and help speed up the processing of your refund.
- Consult tax resources: You can find various tax resources online or at your local library. These resources can answer questions and provide you with additional information about tax preparation and filing.
From Tax Software to the IRS Site: How to File for Free
There are different ways to file your taxes for free. It can be done through tax software or directly on the IRS website.
How to file taxes through tax software:
- Select a free online filing service from reputable companies, such as TurboTax, H&R Block, and TaxAct.
- Follow the instructions given based on your tax situation.
- Input tax information carefully and truthfully.
- Review forms before submitting them.
- Electronically file your return through the tax software.
How to file taxes directly through the IRS site:
- Visit the IRS website.
- Select the free file link.
- Choose an IRS-approved online filing service.
- Follow the instructions given based on your tax situation.
- Input tax information carefully and truthfully.
- Review the forms before submitting them.
- Electronically file your return through the IRS website.
File Federal and State Taxes for Free: What You Need to Know
Filing both federal and state taxes is essential to avoid additional penalties and interest. Here are some important things to note about filing both federal and state taxes for free:
- The importance of filing both: Filing both federal and state taxes is a requirement for all taxpayers who meet the filing threshold for federal income tax. Filing both is necessary to avoid additional penalties and interest.
- Free options: The free tax filing options listed above typically include both federal and state filing. You’ll need to choose a program that supports the state in which you reside.
- Step-by-step guide: When filing for federal and state taxes, use all the provided steps in your chosen software and follow everything in order. This will ensure a smoother process and a more accurate return.
Getting Your Refund Sooner: The Benefits of Free Tax Filing
The process of getting your refund can take longer than expected. However, filing your taxes for free can help you get your refund sooner.
- Electronic filing is the quickest: When you file electronically, the process is quicker than when you file a paper return, which needs manual processing. Electronic filing can take up to 21 calendar days to process, and paper filing can take up to six weeks.
- Dependable software: Reputable tax filing software takes you through all of the steps, ensuring that you complete your taxes correctly and avoid mistakes that could delay your refund.
- Direct deposit: Once you file your taxes, opt for direct deposit to get your refund sooner. Avoid opting for physical checks that may take longer to arrive.
- Bigger refunds: Free tax filing software maximizes your refund by identifying deductions, credits, and exemptions that you may not have factored in when filing your taxes manually.
Breaking Down the Best Free Tax Filing Options for Different Needs
The best free tax filing options may differ depending on your tax filing needs. Here are some examples:
- Straightforward tax filing: Consider using FreeTaxUSA, Credit Karma, and TaxAct.
- Limited options, such as W-2s: Use TurboTax and H&R Block.
- Human assistance needed: Opt for Jackson Hewitt that offers more than 6,000 locations nationwide.
- Self-employed or small business owners: Use FreeTaxUSA or TurboTax. TurboTax offers more support for the self-employed.
Conclusion
We hope you’ve found this article useful in identifying where to file taxes for free and avoiding common mistakes. Doing your taxes on your own can be daunting, but the free online options available can make it less overwhelming. Remember to follow the steps we’ve outlined and be mindful of the tax forms and software that you’ll need. Above everything else, be sure to file your taxes on time and avoid costly penalties and interest charges.
Take the step today and try a free tax filing option. Your finances will thank you.
