Free Federal Tax Software
Federal tax preparation can be a long, drawn out process for anyone who is not familiar with filing their on tax returns. Free federal tax software can be especially beneficial to those who are self-employed, independent contractors, have farm income, and those who have a lot of capital loss and gain to report.
When looking for free federal tax software, here are some things to think about:
- What type of tax return will you be submitting? Do you have a simple or complicated return. If your return is only going to include what is on your W-2, claiming a few children, and no big major changes, free software is great. It’s when things get complicated that you have to worry and may want to consider upgrading to a deluxe or premium addition of free federal tax software. Free additions tend to omit more complications forms. If you need guidance, advanced forms, or free telephone advice, an upgrade may be necessary.
- Deluxe tax software can save you time by importing last year’s data. Free versions will more than likely require you enter all data from scratch.
- If you can fill out forms with minimal assistance and are confident you will not need advanced tax forms, go for a free version of federal tax software.
- If you are the type of person who needs guidance and reassurance, premium programs offer at least one free consultation. If you need a consultation with free software, it is going to cost you and you will be missing out on all the other premium benefits for your costs.
If you are looking for a free federal tax software program that has been user approved, check out last year’s top free tax preparation program:
TaxACT Free Edition 2009 – This free federal tax software program includes every form the IRS has that can be e-filed. There are versions for Macs and Pcs, convenient features, and guidance on complex topics.
Other free federal tax software to check out (keeping in mind some omit certain IRS forms):
All free versions of federal tax software include free federal e-filing.