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Free tax preparation and e-filing (for AGIís under $52,000)

Old 01-17-07, 01:00 PM
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Free tax preparation and e-filing (for AGIís under $52,000)

Just a reminder, if your adjusted gross income is less than $52,000, you can do your taxes online for free, including e-file, with TaxCut, TurboTax, and a number of other programs.

Go to www.irs.gov and click on ďfree filingĒ (at the top). Through this link youíll have a list of companies that you can choose. I personally recommend sticking with TaxCut (H&R Block) or Turbotax, but of course you can choose any of them that you are eligible for.

If you do your state taxes through whoever you choose thereíll most likely be a charge.

From the FAQ:
Free File allows taxpayers with an Adjusted Gross Income (AGI) of $52,000 or less in 2006 to e-file their federal tax returns for free. That means 70 percent of all taxpayers Ė 95 million taxpayers Ė can take advantage of the Free File program.
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Old 01-17-07, 01:24 PM
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Old 01-17-07, 01:46 PM
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If I already bought the TaxCut software, will it let me e-File for free instead of paying the $15.95 e-File charge? Or is the free file only available on the website?
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Old 01-17-07, 02:08 PM
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I'd like to see the IRS just offer a way to do it online, instead of having to do it through a 3rd-party program/site.

The IRS has a web site, and computers, and obviously a way to process tax returns. Seems obvious that they should put that all together.
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Old 01-17-07, 09:24 PM
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thanks for the info... however, today when trying to use turbotax online, the site told me i did not qualify for the free program due to my AGI being over 27k. what's up with that?
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Old 01-18-07, 08:06 AM
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Originally Posted by TheMadMonk
The IRS has a web site, and computers, and obviously a way to process tax returns. Seems obvious that they should put that all together.
I'm not sure the government has any programmers that could write a program to handle the current tax code.
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Old 01-18-07, 01:19 PM
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Ah, I see. This article from a year ago talks about the limitations:

http://www.pcworld.com/article/id,12...1/article.html

All of the participating companies, as a group, must make the tax software available to 70% of taxpayers. But no one individual company may cover more than 50% of the target group which is why there are the assorted restrictions.

To comply with the 50% rule, TurboTax limits it to people with an AGI of less than $27K (with a few exceptions, like active military), but they take people of any age. TaxCut doesnít have the AGI limit of $27K (itís $52K for them), but they limit it to people 50 years of age or younger.

Originally Posted by Hollowgen
thanks for the info... however, today when trying to use turbotax online, the site told me i did not qualify for the free program due to my AGI being over 27k. what's up with that?
As mentioned above, Turbotax has a cutoff of $27K for tax filers (with a few exceptions), in order to comply with the 50% rule.

Originally Posted by Chew
I'm not sure the government has any programmers that could write a program to handle the current tax code.
Itís easier and cheaper to let the private companies do it. The governmentís goal is to get free e-filing capability to 70% of the population. The private software developers want their gravy train to continue thus donít want the government giving away free software to everybody, thus the compromise.

For what it's worth I wholeheartedly believe that the IRS should give free electronic filing to everybody (I have an AGI of over $52K). At least I'll just be spending $10 or $15 for software rather than $100 or more to hire a tax preparer.

Last edited by Heat; 01-18-07 at 01:33 PM.
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Old 01-18-07, 01:34 PM
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My AGI for my little family of my wife, son, and I is............

$6,700!

Thats a little more than what I spent on DVDs last year...

Okay, so its a LOT more. Hooray Freefile!
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Old 01-18-07, 02:25 PM
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Old 01-18-07, 07:54 PM
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Okay, I'm being nosey now, so feel free to decline to respond... But how does anyone live on an AGI of $6700?
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Old 01-18-07, 11:02 PM
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Originally Posted by djmont
Okay, I'm being nosey now, so feel free to decline to respond... But how does anyone live on an AGI of $6700?
Its not as bad as it sounds (right now) I work and my wife has been at home with our son for the last year finishing her master's degree and not working. She got a supplemental student loan to cover living costs that we've doled out like paychecks all year. She graduated in December and is job hunting as we speak. We'll be up to our eyeballs in student loan debt, but she's planning on going for her doctorate in the next year or two, and I'll be finishing my bachelor's around that time, so we'll make it work. We actually don't have too bad a life going
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