Filing their income tax return is not a fun thing to do for most people, except when they are expecting a huge refund. People have an extreme dislike of taxes because they do not enjoy losing their hard earned money. Tax forms are exasperating to prepare and the cost of hiring a tax professional is very expensive, beside the fact that the taxes have already taken a big portion of the family’s income.
Seventy percent of the tax filers are qualified to file tax online for free. The Internal Revenue Service (IRS) does not advertise and few taxpayers are aware of this little known information. Taxpayers with a 2009 adjusted gross income (AGI) of $57,000 or less are eligible to file online for free. The IRS Free File Website says that this is applicable to unmarried tax filers and for married taxpayers filing a joint or combined return. The AGI condition was raised from the 2008 amount to accommodate the target 70%. That means that more than 99 million tax filers are qualified to file tax online for free.
The Internal Revenue Service has teamed up with nineteen accredited tax preparation companies to provide online tax preparation and filing services for the taxpayers. There are guidelines governing the free file program and the tax preparation companies will try to collect a fee if you don’t follow these guidelines. Hardworking and chiptuning file service insistent taxpayers however, should have little trouble in filing their federal income taxes free of charge.
Individual companies each have its own criteria for eligibility. You might need to visit several of these areas to look for companies that offer free services to tax filers matching your criteria. Read and understand the rules carefully. These companies are betting that you will not finish all the requirements so that they can charge a fee.
Click on the link to these companies from the IRS website to qualify for the free service. Companies participating in the IRS free file program still charge a fee if you enter their website direct from the web browser.
The IRS free filing agreement applies only to federal income tax filing. Some of these companies entice taxpayers to file tax online for free and then charge them with an exorbitant fee when the taxpayer files a state tax return. Be careful of these companies. There are other software development companies who provide free services for both.