April 8, 2009

How to E-File for Free and Some Last Minute Tax Tips

Tips for Filing your Taxes

Are you waiting until the last minute to file your taxes, like me?

Ways to E-File for Free
The blog Productivity 501 has a nice list of Web sites that offer electronic filing for free. Each site has some limitations, however, such as income limits or residency requirements.

You can also check out the IRS’ Free File for taxpayers who make less than $56,000 per year. If you make more than that and need to file forms 1040, 1040A or 1040EZ, you can get free electronic tax filing by using the IRS' Free File Fillable Forms. Note, the IRS requires you do the math on your own.

Last Minute Tax Tips
Before you file, check to see if you are eligible for any of these ways to lower your bill to Uncle Sam.

  • Verify you are eligible for the Alternative Minimum Tax.
  • Charles Schwabb offers these 7 suggestions to lower your tax bill.
  • For a comprehensive guide to filing taxes, read SmartMoney's 36-page PDF brochure to find the answer to everything from how the stimulus bill will affect your taxes to tax traps.

If you don't pay your taxes by April 15, guess how expensive it is? Fox Business has the answer.

Also, I bet you didn't know you can pay your taxes with - GASP - a credit card? That's absurd!

If you have any last minute tax questions, check out a live chat on April 9th at 9 a.m. PST with the Washington Post’s money guru Michelle Singletary.

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Julia Scott writes BargainBabe.com, a blog that helps readers save money on everyday expenses like groceries, household bills, meals out, travel, and more. After writing about saving money for almost two years, Julia has become a real cheapskate. She lives in Los Angeles.

Categories: Finances

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