If you are looking to prepare and e-file your federal taxes online, you are in luck! The Free File program is an easy, fast, and free way to do this.
The Free File program provides free federal income tax preparation and electronic filing for eligible taxpayers through a partnership between the Free File Alliance LLC, a group of private sector tax software companies, and the Internal Revenue Service.
Here is more information about each of the electronic filing systems. Being familiar with these will help you decide how you want to prepare your 2008 federal taxes.
For example, the traditional free file is for someone who wants tax software with step-by-step help. You may be eligible if your adjusted gross income is $56,000 or less in 2008.
It asks simple questions, and puts your replies where they belong on the paperwork. It covers the commonly filed tax paperwork and schedules, and it includes the e-file option, which will get your refund in as few as 10 days if deposited directly. It does the math for you, gives you a confirmation within 48 hours that your return made it to the IRS, it has accuracy checks, and it is available in Spanish.
The free file fillable form is for folks who want to fill in the tax forms and file them online without tax software. It looks like blank IRS forms. You may choose, self-prepare, and e-file your 1040, 1040 A and 1040EZ return. It includes basic calculation capability, and it covers the most commonly filed Federal tax forms and schedules. It does not support state forms or State e-file, there are no restrictions on how much your make and a free federal extension is possible.
With all free file options you may file your taxes at any hour, get a faster refund through direct deposit, save paper, know your return is safe and secure, and they are available 24/7 on the IRS website . It is also important to remember that you must access Free File through the IRS website, which is irs.gov.