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Monday, February 22, 2010

How can I file my taxes for free?

Today's user-submitted question comes from Mike in Vermot. Mike would like to learn more about some free tax filing options that he can take advantage of.
Q: I don't have a lot of money to spend on tax preparation. But I'm certainly not a tax expert. Can you suggest some options for filing tax returns for free?
A: Back in the old days, tax prep was a chore. It involved pens, pencils, calculators, scratch paper, boxes of receipts and sometimes bottles of aspirin and perhaps a tissue or two to dry the tears.
But today, the web is awash in options for filing your taxes for free. Tax preparation companies and tax software companies offer all sorts of free software in the hopes that you'll try and use their product, keeping them in mind for future, more complicated filings which you'll be willing to pay for. The U.S. federal government has even gotten in on the act. The IRS' e-file system is designed as a simple, easy-to-use method for filing your free tax return.

A few free filing options to consider:

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