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Free Online Tax Preparation and E-File IRS service

IRS LogoShould Taxpayers invest in expensive tax software programs like TurboTax or TaxCut ?

Yes if you are a taxpayer with a relatively complicated return.

But millions of taxpayers who earn modest incomes and have simple returns to file may want to consider using the Free File program from the Internal Revenue Service.

Free File is a free online tax preparation and electronic filing service. Remember that Free File services are limited to taxpayers with Adjusted Gross Income of $50,000 or less.

Taxpayers with simple returns might also consider a free program like TaxAct Standard, a bare-bones offering that you can download onto your PC or use on the Web.

Source: The Software You Buy vs. the Free Stuff