123 Easy Tax Filing lets you free file federal tax return if you are 70 years of age or younger, your Adjusted Gross Income (AGI) is $58,000 or less, and you live in one of the following states: AK, AR, AZ, CA, CO, CT, GA, IA, ID, IL, KS, KY, MA, MD, ME, MI, MN, MO, NC, ND, NE, NJ, NM, NY, OH, OK, PA, RI, SC, SD, UT, VA, VT, WI, WV and, WY.
Update (2-Sep-2012): This website seems to have stopped working now. You can choose one of the other services linked to in this article for tax return.
If you do not qualify the criteria above then you would have to pay $29.95 for preparing your return. You are not required to download any software. Just go to the website and start the return for free. In case you have any questions you can always contact the customer service.
Steps to File Free Federal Tax return with 123 Easy Tax Filing:
- Create an account and sign in.
- After signing in, you will be taken through an interview process where you will be asked to enter tax related info.
- After you are done entering info, you will be asked to review it.
- After that you can go ahead and e-file your return.
E-filing is safe and secure. The website has the option to direct deposit your refund to your bank account. Which is the fastest way to get your money back.
The website also offers free extension filing in case you are not ready to file by the end of the tax season. But remember that filing an extension does not give you extra time to pay if you owe money to the IRS. It’s just an extension to file your tax return. If you owe money you have to pay it by the last day of the tax season (18th April this year).
After you have e-filed your return, you can go ahead and take a print out of your return to keep for your records. The website also offers state return filing for a small charge. You can check the State Returns link on the website to see which states they support. Also they have a link for Forms Supported by the website. You might want to check that before you start filing your return, so you will know if all the forms you need are supported by the website.
123 Easy Tax Filing is a member of the IRS free file alliance. It is safe to use and has a simple interface. So you can be sure that your information will be secure if you choose to file with them.