About Free File

Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about IRS and other Taxes topics.

What is Free File?

About Free File

Free file is an online tax return preparation service offered through a cooperative effort by the IRS and the Free File Alliance, LLC, a group of companies from the tax payer software industry. It will be available on the IRS' Web site (www.IRS.gov) beginning in mid-January 2006. Taxpayers with adjusted gross income of $50,000 or less can use Free File services to prepare and file their 2005 IRS tax forms. Be sure to check with your local tax preparer - every state has specific age requirements for Free File. The software offered through Free File are essentially identical to the popular do-it-yourself tax programs such as TurboTax and TaxCut, but with some of the extra features stripped out. Each company participating in the Free File Alliance has its own eligibility criteria (aside from the income criteria), so make sure you read the fine print carefully. Free File, like other IRS tax programs, must be accessed directly through the IRS Web site rather than through individual participating company Web sites.

   

Comments

Nobody has commented on this tip yet. Be the first.



Name:


URL: (optional)


Comment:


Not finding the advice and tips you need on this Taxes Tip Site? Request a Tip Now!


Guru Spotlight
PJ Campbell