How To

How to File Taxes Online for Free

Contributor
By Cathy Pelekakis
eHow Contributing Writer
(0 Ratings)

Death and taxes come to us all. Each January many folks will cringe at the thought of an upcoming tax season. We shell out so much money each year that we should try to save as much as possible. There are several programs that will allow the taxpaper, if they meet certain limitations they may file their taxes for free. All you need is a computer and the following:

Difficulty: Moderately Easy
Instructions

Things You'll Need:

  • Computer, receipts, last years tax return, W2's, 1099R if necessary, 1099 G if necessary

    Taxes Efile and Save

  1. Step 1

    Dig out your last years returns before you even attempt to do your taxes on line you will need to know what your adjusted gross income was for the previous year.

  2. Step 2

    Get a pen and paper so that you can write down all you tax information, for donations, charities, mortgage statement, medical bills, make a list so that you have something to work off of while preparing your taxes

  3. Step 3

    Pull all your documents together first, look at your medical bills, 1099R's, 1099 G (unemployment forms if necessary) mortgage interest statements, charitable donations, and your W'2's.

  4. Step 4

    Sit down at the computer, there are numerous firms that offer free tax filing on the IRS website, pick any one that want.

  5. Step 5

    The systems are developed in a specific manner to walk you through your return. The programs will ask you questions and if situations apply to you. Deductions that can be included are college tuition, medical bills, business expenses, casulaties and losses, mortgage interest. Keep receipts.

  6. Step 6

    Want your money back quicker, use direct deposit, you will need the routing numbers on your check or savings account to provide in the appropriate boxes on your tax file.

  7. Step 7

    After you have completed your taxes, print a copy of the return for your paper files. Save a copy to your computer so that you can retreive it at a later date

Tips & Warnings
  • Tax filing may be intemedating, however they have to be completed and if you fall into an area that filing is offered free, free is always a good thing.
  • Keep all your records for at least five years. Buy a safe or place them in a fireproof box for safe keeping.

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