If you have more complicated taxes such as being self-employed, you’re unlikely to be able to file for free—most tax software companies will charge you to file certain forms. Free Versions of Online Tax SoftwareMany of the big tax preparation companies will bring in customers with the offer of “free” filing, says Curtis. Forbes Advisor reviewed six of the top online tax software platforms and our top free pick for simple tax returns is H&R Block where you can file your federal and state taxes for free. The IRS Free File program provides free tax filing from many major online tax software companies to Americans with an adjusted gross income of $72,000 or less in 2020, including TurboTax, TaxACT and TaxSlayer. “Someone with relatively simple taxes who meets the requirements should seriously consider the Free File program,” Curtis adds.

Source: Forbes March 08, 2021 22:41 UTC