Taxes 
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Win A Free ‘Copy’ of TaxCut Online

This promotion has ended, thank you to everyone who entered!

Earlier this week I shared a list of free tax preparation services, so why not end the week with a tax-related giveaway? I was contacted by a PR representative of H&R Block and offered two online codes that would allow two hardworking Americans the ability to take advantage of H&R Block’s TaxCut online service absolutely free.

I ask two things of you:

  • Please read this list of free tax preparation services. Don’t enter if you can get it for free! :)
  • Please share with me either the craziest tax related story you heard, the more ridiculous tax deduction you’ve ever heard, or your favorite tax related joke in the comments. (no story/deduction/joke, no entry!)

How will I pick the winner? One winner will be selected at random, one winner will be selected by me.

When does it end? I will select two winners on February 15th, email them, and the PR company will send out the codes as soon as they can. If I email you on the 15th and you don’t respond by the end of the business day on the 19th (Tuesday), I’m picking someone else (sorry!). Tax day is coming up soon so I don’t want to dilly dally, whatever the heck that means.

Good luck!


 Taxes 
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List of Free Tax Preparation Services

I bet the first thing you thought after you screamed “Happy New Year!” was how it was now time to do your taxes. (no? me neither) Unfortunately, it’s now February and it’s time to start thinking about doing taxes! Wheee! To help you along, I wanted to outline all the free resources you have for tax preparation. By this I mean I’m listing every single way I think you can get absolutely free tax preparation based on your financial situation. Some tax prep companies offer free tax filing if your situation is simple (1040EZ, or plain 1040), the IRS offers free tax filing if your adjusted gross income was under $54,000 in 2007 (it’s through third party companies), and some other companies offer free tax preparation for their customers as a fringe benefit. I’ll try to list them all. If I miss one that you know of (one that expands on the group of eligible taxpayers, we don’t need another company that offers free tax prep for the same groups already covered below), please leave a comment or email me and I’ll add to this list.

(Click to continue reading…)


 Free, Taxes 
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IRS Free File Program Details

Basically, if your adjusted gross income is under $52,000, you are eligible to participate in the IRS’ Free File program:

The Free File program is a free federal tax preparation and electronic filing program for eligible taxpayers developed through a partnership between the Internal Revenue Service (IRS) and the Free File Alliance LLC, a group of private sector tax software companies. … Free File allows taxpayers with an Adjusted Gross Income (AGI) of $52,000 or less in 2006 to e-file their federal tax returns for free. That means 70 percent of all taxpayers – 95 million taxpayers – can take advantage of the Free File program.

So, if you’re eligible, don’t waste money buying tax preparation software or services because you’re eligible to get it for free, just keep an eye out for upselling tactics (where they try to get you to buy other services, that’s why they’re offering federal absolutely free). Check the Free File site after the 16th of January for further details!


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