Filing taxes can
be a burden for many taxpayers. Unfortunately, everyone has to file taxes even
if you are unemployed or haven’t earned any income. If you don’t have accurate
records it can be a nightmare.
The best way to
file your taxes is to stay organized. File all receipts, paperwork or possible
paperwork related to personal and business expenses and tax deductions,
categorize them into separate folders, and keep handy.
The main expenses
to keep track of are: all business income and spending, home office expenses,
retirement contributions, student loan interest, energy efficient upgrades,
real estate purchases or sales, charitable donations, contributions to college
savings plan, and capital gains.
There are several
options for filing taxes and some taxpayers are eligible to file their taxes
for free. Here are 6 ways to file your taxes for free.
Free Software
If your adjusted gross income is $66,000 or less you can use free tax
software such as: Turbo Tax, Free TaxAct, Tax Slayer or H&R Block’s Free
File.
Use Free Forms
Anyone can use
free file fillable forms from freefilefillableforms.com. The site provides
online versions of paper federal tax forms.
Use Free Services
Find free tax clinics in you earn less than $62,000 per year www.irs.gov/uac/Contact-Your-Local-IRS-Office-1 or contact AARP if you 50 or older http://www.aarp.org/applications/VMISLocator/searchTaxAideLocations.action.
File
Electronically
Efile (electronically) your tax return for free by using direct
deposit or pay your taxes online for free by using irs.gov.
Paper forms
Use paper tax forms to file your taxes and mail them to the IRS. If
you filed last year’s taxes with paper forms the IRS will mail you forms this
year. The only cost is postage. To order paper tax forms call
800-829-3676 Monday through Friday 7 am - 7 pm.
USE TAX CLINICS
You can get your taxes prepared for free using the IRS Volunteer
Income Tax Assistance (VITA) program. Call 1-800-906-9887 to get more information.
Tax Counseling for the Elderly (TCE) programs offers tax help for
people 60 years old or older at 1-888-227-7669.
Visit an IRS
volunteer at a self-assistance service site to get free tax preparation. Visit
the IRS website irs.gov to find a facilitated self-assistance site.
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