How to File Taxes for Free
There are many free tax preparation software programs, including TurboTax, and these programs take into account how complicated an individual's taxes may be. Discover why someone should prepare to pay a fee for state taxes with information from an independent CPA in this free video on filing taxes for free.
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I'm Miranda Chook, a CPA, and we're going to talk about how to file taxes for free. There are many free tax preparation software programs out there. I'm sure most of you have heard about TurboTax for example, but keep in mind that a lot of times the federal software is free, but then they may charge you a small fee to also use the state program. You can go to the IRS's own website and type in free file in the search box, and it will come up with a either a brief questionnaire that you can answer, so it kind of takes into account how complicated your taxes might be, and it'll give you a list of tax software that is for free at the federal level that you might want to take advantage of. So, you can either do it that way and get the full list, get a partial list, or if your friends have used something that has been pretty accurate and easy, user friendly for them you might want to go that route as well. Now, nowadays most software have pretty much worked out the bugs for, you know, just calculation errors or putting things on the wrong lines, but don't be afraid to ask the company's customer service or their frequently asked questions to see what happens if there is a mistake made; whether it's a mistake in calculation or or something else, because you want to know if you're going to be liable for it, or if the company will take some kind of financial responsibility for it. But, even with all of that said, remember that when you sign your IRS form you are certifying that it is true, correct, and accurate. Another option is that if you just don't have a very complicated return you can get hard copies of the forms at libraries or post offices, or go to the IRS's own website at irs.gov, and they have electronic versions of the forms that you can download, and then you can just fill them out yourself.