If you have a relatively simple tax situation – for example, if you work for a single employer and don’t qualify for many itemized deductions – you can take advantage of free online tax preparation software and services for your federal tax return. That’s great news if you don’t want to eat into your federal refund or fork over your credit card number before sending your tax return off to the IRS.
Several services also offer free state tax returns, raising the possibility of a completely fee-free tax season. With the exception of some members of the Free File Alliance – an IRS-sponsored consortium of online tax preparation companies that don’t always provide free returns in every state – these services are available to residents of all 50 states, the District of Columbia, and U.S. nationals serving abroad. Click here to read more from MoneyCrashers.com.