Monday, March 28, 2011

E-file Your Tax for Free

E-file Your Tax for Free - Tax preparation shouldn’t be so stressful. The IRS has put together six tips to help make your tax filing experience a breeze this year.

1. Don’t procrastinate. Resist the temptation to put off your taxes until the very last minute. Rushing to meet the filing deadline may cause you to overlook potential sources of tax savings and will likely increase your risk of making an error.

2. Visit the IRS Web site. In 2010, more than 304 million visits were made to irs.gov. Make 1040 Central your first stop to learn the latest news and find answers to your questions about tax filing.

3. Use Free File: Let Free File do the hard work for you with brand-name tax software or online fillable forms. It’s available exclusively at irs.gov. Everyone can find an option to prepare their tax return and e-file it for free. If you made $58,000 or less, you qualify for free tax software that is offered through a private-public partnership with manufacturers. If you made more or are comfortable preparing your own tax return, there’s Free File Fillable Forms, the electronic versions of IRS paper forms. Visit irs.gov/freefile to review your options.

4. Try IRS e-file: After 21 years, IRS e-file has become the safe, easy and most common way to file a tax return. Last year, 70% of taxpayers — 99 million people, used IRS e-file. Starting in 2011, many tax preparers will be required to use e-file and will explain your filing options to you. This is your chance to give it a try. IRS e-file is approaching one billion returns processed safely and securely. If you owe taxes, you have payment options to file immediately and pay later (by the tax deadline). Best of all, combine e-file with direct deposit and you can get your refund in as few as 10 days.

E-file Your Tax for Free

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