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Friday
Feb182011

Tax Tip: Electronically Filing Your Taxes for Free

Photo Courtesy - Getty Images(NEW YORK) -- The IRS is not mailing out tax forms this year, since millions of tax filers pay $20 or $30 for a software program to do their taxes for them. But many of those people could do it for free.

“The majority of Americans, about 70 percent, qualify for free e-filing through IRS.gov,” said Mary Beth Franklin with Kiplinger’s Personal Finance magazine, who notes that you have to make less than $58,000 a year to qualify.

“They have a partnership with about 20 different software vendors and you can prepare and file your income taxes for free,” she said.

No need to worry about keeping up with the latest tax law changes.

“It is absolutely up to date reflecting all the changes and there are many for the 2010 tax filing season,” Franklin said.

Even if you don't qualify for free filing, you can still use the Free File Fillable Forms. Just put in the numbers, and they will often do the math for you.

Copyright 2011 ABC News Radio

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