Preparing Your Taxes

Are you doing your own taxes this year? With the many computer tax software programs available, many people do. But before you go out and buy that computer software, try visiting the IRS website first. Many companies offer free programs for individuals with a household income below 57,000 for 2009. Just go to http://www.irs.gov/ and look for the “free-file” link on the right side of the page. You can then access a list of companies that offer free federal tax preparation or fill out a quick Q & A that will help find a program that you qualify for. It may take a few more minutes, but will save you quite a few dollars if you were planning on buying the program anyway. Just make sure, as always, to use common sense when putting your personal information on the web. Go with a reputable company that you recognize and use only secure sites. Submitting your federal tax return online is simple and you may get your refund back faster, but you can also print out your completed federal tax return and mail it in if you prefer.

Be aware that many sites offer state tax return services, but they are not free. Also be careful to access your return through the IRS website. Some companies only allow you to access their free-file option if you link from the IRS website, which means if you go to the company’s homepage you won’t be able to access their free-file option.