Free Tax Filing Software AGI Under 62k

The IRS’s Free File program allows those with adjusted gross incomes under $62k to use the Free File software for their federal taxes for no charge in a partnership with the Free File Alliance. Many states also partner with the FFA to offer free state tax returns to those that qualify, and some states offer free e-filing for all taxpayers.

 

When does the IRS process tax returns?

Tax return processing will begin January 19, 2016. For 2016, there are 13 brand-name tax software providers making their federal tax return products available for free. Taxpayers whose adjusted gross income was $62,000 or less during 2015 are eligible for at least one, if not more, of the 13 tax software products. The income limitation is $2,000 higher than last year. People can use Free File software immediately but e-filed returns will not be transmitted to the IRS until Tuesday, Jan. 19, when the filing season officially begins

(Note: Every taxpayer regardless of income can file for free if you want to fill out the tax forms by hand. The free service being provided here is the software back end that does the calculations for you. Tax returns prepared electronically are generally more accurate than those filled out by hand, reducing processing time and the potential for penalties that result from errors in your filing.)

E-File Forms Speed Tax Returns

For taxpayers who earned more than $62,000, there’s Free File Fillable Forms, the electronic version of IRS paper forms.  Free File Fillable Forms will be available on Jan. 19 2016. Free File is available only at IRS.gov/FreeFile. Since 2003, more than 46 million people have used Free File, saving nearly $1.4 billion based on a conservative $30-fee estimate.

 

What can you do in January to prepare for tax season?

  • Finish up any IRA contributions for 2015 (you have until April 15, 2016 to make 2015 IRA contributions).
  • Look up the schedules your various financial institutions are planning on issuing your documentation (1099s, etc) so you can watch for them. Ask your employer when you will receive your W-2.
  • If you are considering professional tax preparation and haven’t done so before (or are switching preparers), now is the time to be asking around to find a tax preparer. If you have an established relationship, it’s always nice to reach out to say you will/will not be going with the same person again.
  • I’m sure you’ll have ideas as well, leave them in the comments.

Remember, the fastest way to get your refund is through e-file and direct deposit. Direct deposit is fast, safe and easy. Just have your routing number and account number handy. Nine out of 10 taxpayers will receive their refunds within 21 days.

 

Free State Tax Filing Links

For 2016, more Free File software providers are offering both free federal and free state tax return preparation for states with income tax requirements. Some providers also are offering state tax return preparation for a fee. State tax return offers are at the discretion of the providers.

 

Links to state tax portals are below with Free File of State Tax

Alabama – Free e-filinghttp://revenue.alabama.gov/eservices/mat-signup-help.cfm

Alaska – No state income tax.

Arizona – Partners with several major tax software providers: http://www.azdor.gov/EServices/Individuals.aspx

Arkansas – Partners with several major tax software providers:http://www.dfa.arkansas.gov/offices/incomeTax/eFile/Pages/freeFileProgram.aspx

California – Free filing through CalFile: https://www.ftb.ca.gov/online/calfile/index.asp?WT.mc_id=EfileOptions_Feature_CalFile_Start

Colorado – Free filing through Revenue Online: https://www.colorado.gov/revenueonline/_/

Connecticut – Free e-filing through the Taxpayer Services Center:https://drsindtax.ct.gov/AUT/welcomeindividual.aspx

Delaware – Online filing: http://www.revenue.delaware.gov/pit_onlinefiling.shtml

District of Columbia – Free e-filing through the Taxpayer Services Center:https://www.taxpayerservicecenter.com/individual/Ind_Logon.jsp?type=100

Florida – No state income tax.

Georgia – Partners with several major tax software providers: http://dor.georgia.gov/free-file-alliance

Hawaii – Free e-filing (fee to make a payment): http://tax.hawaii.gov/eservices/efile/

Idaho – Free e-filing for qualifying taxpayers: http://tax.idaho.gov/i-1020.cfm

Illinois – Free e-filinghttp://www.revenue.state.il.us/MyTax/IL-1040.htm

Indiana – Free e-filing for qualifying taxpayers: http://www.in.gov/dor/4740.htm

Iowa – Free e-filing for qualifying taxpayers: https://tax.iowa.gov/individual-income-tax-electronic-filing-options

Kansas – Free e-filinghttp://www.ksrevenue.org/iiwebfile.html

Kentucky – E-filinghttp://revenue.ky.gov/etax.htm

Louisiana – Free e-filinghttp://revenue.louisiana.gov/EServices/LouisianaFileOnline

Maine – Free iFile: http://www.maine.gov/revenue/netfile/IFileDesc.htm

Maryland – Free iFile: https://interactive.marylandtaxes.com/Individuals/iFile_ChooseForm/default.asp

Massachusetts – WebFile: https://wfb.dor.state.ma.us/webfile/wsi/

Michigan – Free e-filing for qualifying taxpayers: http://www.michigan.gov/taxes/0,4676,7-238-44070_46640-288774–,00.html

Minnesota – Free e-filing for qualifying taxpayers:http://www.revenue.state.mn.us/individuals/individ_income/Pages/Online_Filing_Software.aspx

Mississippi – Partners with several major tax software providers:http://www.dor.ms.gov/taxareas/individ/efiling/developers.html

Missouri – Partners with several major tax software providers: http://dor.mo.gov/personal/electronic.php

Montana – e-filing through the Taxpayer Access Point: https://tap.dor.mt.gov/_/#2

Nebraska – Free NebFile: http://www.revenue.nebraska.gov/electron/ind_e-file.html

Nevada – No state income tax.

New Hampshire – No state income tax.

New Jersey – Free NJWebFile: http://www.state.nj.us/treasury/taxation/pcfile/njwebfile.shtml

New Mexico – e-filing through the Taxpayer Access Point: https://tap.state.nm.us/tap/_/

New York – Free e-filing for qualifying taxpayers: http://www.tax.ny.gov/pit/efile/default.htm

North Carolina – Free e-filing for qualifying taxpayers: http://www.dornc.com/electronic/e-file.html

North Dakota – Free e-filing for qualifying taxpayers: http://www.nd.gov/tax/indincome/elecfiling/

Ohio – Free e-filinghttp://www.tax.ohio.gov/ohio_individual/individual/filefaster.aspx

Oklahoma – Free e-filing for qualifying taxpayers: https://www.ok.gov/tax/Individuals/Income_Tax/E-File_Options/Free_File/

Oregon – Free e-filing for qualifying taxpayers: http://www.oregon.gov/DOR/programs/individuals/Pages/individuals-e-filing.aspx

Pennsylvania – Free e-filing for qualifying taxpayers: http://www.revenue.pa.gov/OnlineServices/PersonalIncomeTaxe-Services/Pages/File-My-Taxes-(PA-e-File).aspx#.VHSUtVXF_Iw

Rhode Island – Partners with several major tax software providers: http://www.tax.ri.gov/misc/efile.php

South Carolina – Partners with several major tax software providers:http://www.sctax.org/Electronic+Services/FastFile/default.htm

South Dakota – No state income tax.

Tennessee – No state income tax.

Texas – No state income tax.

Utah – e-filing through the Taxpayer Access Point: https://tap.tax.utah.gov/TaxExpress/_/

Vermont – Partners with several major tax software providers: http://www.state.vt.us/tax/eservices.shtml

Virginia – Partners with several major tax software providers: http://www.tax.virginia.gov/site.cfm?alias=freefile

Washington – No state income tax.

West Virginia – Partners with several major tax software providers:http://tax.wv.gov/Individuals/ElectronicFiling/Pages/FreeFileOptions.aspx

Wisconsin – e-filing through WI efile: https://www.revenue.wi.gov/wi_efile/

Wyoming – No state income tax.

 

IRA VITA Tax Filing Locations

Additionally, there are programs to have your taxes prepared by someone else for free. I “worked” for Volunteer Income Tax Assistance (VITA) in college. The IRS says you qualify if your income is under $54k, but in my own experience, as long as your return is simple, the dollar amounts don’t really matter. But the guy in charge of our site was pretty lenient.

They have locations listed on the IRS website.

https://www.irs.gov/Individuals/Free-Tax-Return-Preparation-for-You-by-Volunteers

Free File also can help taxpayers with the new health care requirements. Just as last filing season, almost everyone will need to do something when filing a tax return this year. For each month in 2015, taxpayers and everyone on their return must:

  • Report health care coverage, or
  • Claim an exemption from coverage or
  • Make a shared responsibility payment with their tax return.