TurboTax Free is one of the most popular software to file taxes online for free. TurboTax free filing includes the form 1040-EZ and any other simple returns. The form 1040-EZ means anyone who is filing as single or married filing joint with one W2 and no dependents.
TurboTax has a solution for everyone who wants to file online. Whether you are an individual, self-employed, or a business owner, everybody can file with TurboTax. But as the complexity of the return increases you will have to switch to a paid version of the software. The free version of Turbotax lets you file 1040EZ and simple tax returns for free.
Another great feature of the online free filing is the customer support. In case you run into a problem or issue, you can chat with a customer support agent online or call customer support. There is an online community where you can post your questions or issues. You can even check in the community for issues other people have run into and suggested solutions.
For filing tax return on the TurboTax website you are required to sign in and create an account. Once you are done with that, you can start filing your return. The interface TurboTax offers is simple and easy to follow. The step-by-step process will take your through each section of the tax return. The questions in each section are easy to understand and offer an explanation for every tax related word. TurboTax also provides a unique feature of importing your tax information, which greatly reduces the amount of data entry that you have to do.
After you are done entering your information, you will be taken to the finish page. Where you will be shown the amount of refund you are getting back. Then you will be asked if you want to go ahead and file the return. You also have the option to save the return and file it at a later time.
Remember federal filing is free. But if you also have a state return along with the federal then you will have to pay for the state return. TurboTax also offers you an option to get your refund through a bank product. For example if you are filing a state tax return and you are getting a refund back of say $500. Then you can choose a bank product to pay for the TurboTax fee. This way you will not have to pay anything upfront. But if you choose a bank product, it does involve a bank fee for processing and handling. So the fees taken out of your refund will be used to cover both TurboTax fee and the bank fee. The remaining amount after the fee will be issued to you either by check, direct deposit or a prepaid Visa card.
Another important thing to know is even if you go with a bank product; you still have to provide your credit card information to TurboTax. TurboTax doesn’t charge your credit card, they just keep it as a guarantee until your refund is received and there fee is paid.
Also check out free open source accounting software.
TurboTax guarantees accuracy in calculation to the extent that they promise to pay any interest or penalties incurred by you due to an error caused by TurboTax. TurboTax website also has Smart Scans to check for mistakes in your return. TurboTax free is one of the best free tax file software.
TurboTax is easy to understand and saves you a lot of money on filing your tax return. You can file simple returns for free. Plus your data is kept safe and secure.
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