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Turbo Tax Online – Free Online Income Tax Filing



Because of a partnership between the Internal Revenue Service (IRS) and 19 Free File partners, including Turbo Tax Online, many taxpayers are now eligible for free online income tax filing.

If you qualify, you can use Turbo Tax Online, or any other of the 19 Free File partners, to prepare and file your income tax return online for free. This program is known as the IRS Free File Alliance.

This free tax filing program is designed for lower income taxpayers with simple tax situations and includes IRS and State tax forms and schedules. However, it is not designed for more complex tax situations such as investments, rentals, royalties, farming, foreign earned income, partnerships, s corporations, estates or trusts.

In addition, twenty-one states have also created free file programs based on the Federal free tax filing program. This means you may also qualify to file your State taxes for free with the Freedom Edition tax software.

Free File differs from conventional tax filing in that Free File is an electronic tax program. You must use a computer and have Internet access to use the free tax filing service. Users enter their income tax data online and tax calculations are made by the online tax software. Completed tax returns are then sent to the Internal Revenue Service (IRS) through the efile system.

Using the (IRS) e-file system allows you to get your tax refund back in as little as 10 days. If it ends up that you owe money, you can have it deducted from your bank account on the last day of tax filing season.

Posted on: August 25th, 2010 Author: admin No Comments »
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Free Turbo Tax Online Software – How it Works For 2009, 2010



Through a partnership between the Internal Revenue Service (IRS) and tax software companies, such as Turbo Tax, lower income taxpayers are able to file their Federal tax returns at no cost. This partnership is known as the the Free File Alliance.

If you meet one of 3 requirements, you can file your Federal tax return for free. Here is a list of those 3 requirements. Remember, you only have to meet one of these to qualify.

Have an adjusted gross income (AGI) of $28,500 or less in the year 2008. If you qualify for the earned income credit (EIC) for tax year 2008 then you qualify for free Federal tax filing. If you served active duty military and earned an adjusted gross income (AGI) of $52,000 or less in 2008 you qualify. Active duty military also includes Reservists and National Guard. You must have a 2008 W-2 form from the military to qualify.

Because of the partnership with Turbo Tax and the Internal Revenue Service, taxpayers who qualify can e-file their federal returns for free with the 2007 Freedom Edition software. In addition, twenty-one states have also created free file programs based on the Federal free filing program. This means you may also qualify to file your State taxes for free with the Freedom Edition tax software. Here’s a list of those 21 states: Alabama, Arkansas, Arizona, Georgia, Idaho, Iowa, Kentucky, Massachusetts, Michigan, Minnesota, Missouri, Mississippi, Montana, New York, North Dakota, North Carolina, Oklahoma, Oregon, Rhode Island, Vermont, and West Virginia.

The Free File Alliance filing program is designed for lower income taxpayers with simple situations and includes IRS forms and schedules. However, it is not designed for more complex tax situations.
Posted on: March 11th, 2010 Author: admin No Comments »
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