Wednesday, February 2, 2011

TAXES?!?! How to file for FREE

Hey all!!! I thought I would bring this post back up to the top in light of tax season! All of the information about filing your taxes for free is still the same.

One thing being different though, Due to the tax law extension that was voted on in Dec. Anyone who files itemized deductions will have their return delayed until Feb 14 when the IRS updates all of their processing software.

That dreaded T word that most of us cringe at the sound of when January comes around.

It really doesn't bother me that much. I like math so that is not a problem. And yes it can be a little stressful making sure I don't mess up anything but I always follow the directions and double check and triple check the numbers and everything comes out fine.

This year is exceptionally stressful for us because we have a work related move that we can deduct and we have state income taxes to file! AHHHHHHH!! We have lived in Florida all our lives so we don't have state income taxes. But he has been working in Utah since September and they do. They sure don't mind that we don't live there, they take it anyways.

So I have some work ahead of me but we got all of the W2s in the mail already, so I am going to sit down and I will have our taxes figured out and filed BEFORE Friday!! That's a hefty goal you say.

Well its a goal I will work my butt off to reach. Once we get our taxes back the kids and I can join their father in Utah, finally.

Rule 1 about filing your own taxes: Don't pay for a software to file your taxes. Unless you have to. If you go to IRS website, there are 2 options this year. You can pick a company and use their software as long as you qualify for their income restrictions, or you can choose to file online with IRS for free using blank fill-able forms directly on the website. There are a dozen or so companies that will let you use their online software for FREE!!! This actually seems to be a shorter list then I have seen in previous years but it does include HR Block and Intuit Turbo Tax, which are both reputable tax software companies that you would pay $30-$50 for in a store.

Some of these options even include state income tax filing for free if you live in one of these states: Alabama, Arkansas, Arizona, Georgia, Idaho, Iowa, Kentucky, Massachusetts, Michigan, Minnesota, Missouri, Mississippi, New York, North Dakota, North Carolina, Oklahoma, Oregon, Rhode Island, South Carolina, Vermont, West Virginia

It figures, Utah isn't one of the free file states. Oh well!!!!

If you are still uncomfortable filing yourself then check out your local library. Every year AARP helps sponsor the Volunteer Income Tax Assistance Program. They help low and moderate income filers prepare their tax returns for free at libraries all over the country. Click on the link above for a phone number to call to find out the closest location near you.

Have tax questions! Then go to the IRS website and you can find free information online, by phone, or in person.


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