If you're among the millions of converts to do-it-yourself tax software, you might be ready for the next step: Online tax preparation.While it certainly can be worth the money to hire a professional to prepare your taxes, you may be able to avoid paying any money at all if your personal finances aren’t too terribly complicated.
The IRS allows taxpayers with annual incomes below $60,000 to prepare and e-file their returns for no charge through the FreeFile program. 1040.com.True to its name, 1040.com Simple Free presents a very simple public interface. There are very few bells and whistles associated with the software program.
This site is a one-stop shop for tax information. 1040.com lets you either file your taxes online or print out IRS forms. It also reminds you of important deadlines, and the Resource Center features a FAQ page and highlights the latest news from the IRS.
What Does 1040.com Simple Free Do?
The 1040.com Simple Basic is designed primarily for taxpayers eligible to file Form 1040 EZ. To be eligible for 1040.com Simple Free, taxpayers must be single or married filing jointly with no dependents and under age 65. Maximum annual income must be below $100,000 with income from a limited range of sources, including wages, tips, taxable scholarships or unemployment insurance. Itemizing is not allowed. 1040.com Simple Free allows taxpayers to complete and e-file one federal tax return for no charge.
What Are the Charges and Payment Options for 1040.com Simple Free?
The only paid option for 1040.com Simple Free is adding state income tax returns. Just as with 1040.com Deluxe Edition and 1040.com Simple Basic, 1040.com Simple Free customers can file an unlimited number of state income tax returns for $19.99
What Services and Packages Does 1040.com Simple Free Provide?
Like most online tax filing programs, the 1040.com Simple Free version allows taxpayers to follow a step by step procedure to complete and file a federal income tax return. 1040.com also provides interactive links to information about various tax issues. The program also features a function to check calculation errors. A PDF preview is also available before actual filing, and customers can receive responses to tax related questions via email.
