With April 15 fast approaching, millions of Americans are getting ready to file their tax returns. Many people choose to avoid the stress of doing their tax return themselves by hiring an accountant or a tax preparation service. However, there is a third choice out there, which is free for the majority of the public. Free File Alliance, a voluntary coalition of private sector tax- preparation software companies, offers free electronic tax preparation services for moderate- and low-income families.
The Free File Alliance provides free preparation of tax returns to individuals or couples with an adjusted gross income of $54,000 or less. If you would like to take advantage of this amazing program, you can find the Free File program at freefilealliance.org or on the Internal Revenue Service website at www.irs.gov. Taxpayers can review offers made by industry participants and choose the offer that is a perfect fit for their needs. Once you have picked the right program, you are sent to the appropriate website to begin the preparation process.
Seven out of 10 taxpayers nationwide qualify for this service for the simple reason that they earn less than $54,000 a year. If you qualify and like the idea of having your taxes prepared and filed for free, you should visit these websites to take advantage of this service. The e-file process is simple, and allows your refund to be deposited directly into your savings or checking account, usually within one to two weeks of filing.
This is Free File Allianceís sixth year of its public-private partnership with the Internal Revenue Service and 19 private sector tax preparation companies, providing free assistance to taxpayers. The main goal of the Alliance is to promote online filing to save on costs and to make the process more user-friendly.