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It's that time of the year -- tax time. The April 15th deadline is just six weeks away.
While thousands of people pay for tax software like Turbo Tax, Tax Act and other brands, did you know you may be able to use it for free?
The IRS has a program called Free File. Under the program, many companies offer free software for filling out the paperwork and e-filing your federal tax form. Some also offer free state forms as well.
What's the catch? For most of the programs, your adjusted gross income must be $60,000 or less in 2014. The programs only offer the most commonly filed federal tax forms and schedules. They may not have the forms you need, if you have a complicated return.
Several well-known companies are offering free software through the program, including Turbo Tax, Jackson Hewitt, Liberty Tax Service and H&R Block. Each company has different rules. Some have age requirements like you must be 53 or younger, some require that you live in a certain state. See all the rules and options on the IRS's website.
Before you use the IRS free file, make sure you read this article to avoid any possible fees.
And if you get a call from the IRS, it's probably a scam. The IRS says it will never call and demand immediate payment without having first mailed you a bill. Read more here.
If you don't qualify to get the software for free, or you have a more complicated return, many companies are offering discounts on Turbo Tax. Check with your bank (Security Service Credit Union members get up to $15 off), check with your 401K company (T. Rowe Price customers get a discount), even AAA members get a discount.
If you see a deal, e-mail me Debbie (Debbie@thedenverchannel.com).
Get the latest deals by signing up for a daily e-mail by visiting our e-mail newsletters page.
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