Archive for October, 2008

Free Tax Filing

Every tax season, the question I get most of all “Do I have to pay only some of my taxes?”. Every year, my answer is the same, “it depends”. There are many factors to be considered before a final decision on the fight against the tax beast. Ultimately, the decision is yours. Let’s talk about what needs to be taken into account.

First, how complex your taxes? If you are single, rent houses, not so many deductions and do not have any special tax regime, the solution is very simple. You just go online on a site, such as TurboTax, and take advantage of free federal registration. State of registration, usually have little value, but it is fairly standard. The best part about using the site, such as TurboTax is that when you go do your taxes next year, they will be copied over as much information as possible from this year in the tax declaration. They also help you to make all decisions about your return. They ask you all the right questions and your answers, I say to them that they should know. You never touch the 1040 form again.
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