There has been significant media attention about problem related to TurboTax for filing 2014 taxes in 2015. It is important to note that TurboTax is only one provider of tax preparation software and that there may be many other solutions that could even potentially be free for filing taxes in 2015.
Best Alternative to TurboTax
On the 20th of January, search free file fillable forms. It is a website sponsored by the IRS to allow you to e-file your taxes. It is basically doing your taxes by hand although it does have some calculation ability. The website is only active during the filing period (this year between 01/20/2015 and 04/15/2015).
What is the FreeFileAlliance for Tax Returns?
The Free File Alliance is a nonprofit coalition of industry-leading tax software companies partnered with the IRS to help millions of Americans prepare and e-file their federal tax returns for free. Free File is the fast, safe and free way to do your federal tax return online. Free File Alliance member companies provide more than a dozen brand name tax software options at no cost.
Alternatives to TurboTax For Tax Preparation
The main benefit is that it costs $0 regardless of what forms you use. The FreeFileAlliance is a private entity made up of commercial software providers (TurboTax included) who have a good deal with the IRS–you send users exclusively our way and we won’t charge them up front for the tax prep (there are usually other ways to monetize the recommendation from the IRS). Free File Fillable Forms is part of this program. The freefile alliance does help people in lower incomes get their taxes filed at a lower cost, sometimes. Each one has limitations on what they allow to be filed for free (never including the state forms).
About IRS FreeFileAlliance and IRS FreeFile
More than 43 million returns have been filed through the Free File program since it began in 2003. 70% of American taxpayers (about 100 million people) are eligible for Free File. 98% of users would recommend the program to others (2009 IRS survey).
Free File has launched for 2015 at www.IRS.gov/FreeFile, where the nation’s top tax software is now available to Americans with a 2014 adjusted gross income of $60,000 or less.