The year was 2008. A bright-eyed young freshman in college (blissfully ignorant about the fact that she would eventually become a tax accountant) frantically called her mother. “Mom, I have to do my taxes. HOW AM I SUPPOSED TO KNOW HOW TO DO TAXES?” She told me three little words – or really one word as they are all pushed together — that changed my tax life forever, FreeTaxUSA.
Five years later, I get paid to do the taxes for corporations and affluent individuals. We use expensive tax software and I have access to it for free. But I don’t use it. I go back to FreeTaxUSA every year. Why? Because it’s the bee’s knees.
FreeTaxUSA is a tax software used to prepare and e-file your federal return for free and your state return for just $9.99! It is an original member of the IRS’ Free File Alliance, which is comprised of a group of tax software providers that allow individuals with an Adjusted Gross Income of $57,000 or less to file federal returns at no charge. The $57,000 threshold is the same for single and married filers, which begs the question: why do you hate married people, IRS? Why? Nevertheless, this $57,000 AGI limit encompasses 70% percent of all taxpayers. Can I get a “We are the 70%!”?
As I approach my third busy season, many of my colleagues find it strange that I choose to use such an “unsophisticated” software when I have access to the “biggest and the best”. But the unsophistication (not a word) is why I keep coming back to it year after year. Why?
No catch, but as with anything else, there are downsides that may apply to you.
FreeTaxUSA offers a Deluxe Edition return for only $5.95! This includes a wonderful program called Audit Assist. If you happen to be audited by the IRS, the tax professionals at FreeTaxUSA will assist you in gathering the correct records for your audit, writing a response to you IRS notice, and preparing for the audit. If the outcome of your audit results in owing the IRS money, FreeTaxUSA will also help you understand the various options you have in settling your debt with the IRS. Six bucks have never gotten you more!
I would like to take this opportunity to give you some valuable information for your everyday life.
Ready to file?
Gather up your tax documents and go! Federal is filed for free and there is no obligation to pay for your state return until you e-file. If you owe, you can pay by eCheck or any major credit card. You do not have to pay when you file, but make sure you get your payment in by April 15th!
The articles are written by personal finance enthusiasts (not certified professionals) based on their personal experience. What works for them may or may not work for you, and you should always consult a financial advisor before making important financial decisions.
In accordance with FTC guidelines, we disclose that we have a financial relationship with companies mentioned in this website. This may include receiving access to free products and services for product and service reviews and giveaways.
Any references to third party products, rates, or websites are subject to change without notice. We do our best to maintain current information, but due to the rapidly changing environment, some information may have changed since it was published. Please do the appropriate research before participating in any third party offers.