Free Tax Software for Tax Year 2007
Ok here are the free / low cost tax software options I have found so far this year:
- Free Taxcut Basic (Federal Only) in mail. I received a CD in the mail a few weeks ago from H&R Block that contained a free version of Taxcut Basic (Federal Only). Once you pop the CD in, it suggests you upgrade to the premium version with state tax preparation; however it will let you install the full Basic Taxcut.
- Free or discounted Turbotax for Vanguard clients. If you are a Vanguard Flagship customer its free!
- Discounted Turbotax for T Row Price clients. Link may work for everyone
- Free TurboTax for simple returns (1040EZ).
- Free tax software based on family's income level. If you earn $54k or less - check it out.
- Free Taxcut Basic (Federal, Download only) at Download.com
- Free TaxAct. A lesser known software that has a basic version that has been offered for free for several years.
I don't have to use any tax software this year as I am currently on an international assignment and my employer is paying Earnst & Young to do my taxes. However, their web site requires me to input all the pertinent data page-by-page. It extremely time consuming, plus I am having difficulties trying to track down all our accounts and tax records while we are remote. I can't wait to get back to the US and get a more organized financial system in place for us.
Also see my 2007 general tax tips.
Comments (3)
We started reading "Smart Couples Finish Rich" based off your recommendation and have implemented his financial organization system. It is working great for us.
Posted by James Gibson | February 27, 2008 9:27 AM
Yeah, I know.....
Traveling while on vacation is always good, but traveling/living elsewhere for work purposes can be really stressful. I used to like it in the beginning, but now I'm sick of it.
Posted by TP | February 29, 2008 6:17 PM
I respect 'free' as much as the next canny investor, but I do think sometimes you have to pay for advice. Maybe not every year, but I think every now and then seeing an accountant is a good idea, especially when it comes to taxes.
Not to take anything away from your list of resources of course -- everyone needs to track their own affairs. But just a reminder for some readers perhaps that we can't all be experts on everything, and sometimes paying can save you money.
Posted by Monevator | March 1, 2008 7:52 AM