FreeTaxUSA online tax preparation is a low-priced tax software offered and owned by TaxHawk Inc. With FreeTaxUSA you can prepare, print, and e-file your taxes. Federal returns are free for everyone–self-employed, investors, rental property owners. State tax returns are extra. FreeTaxUSA users can upgrade from Free to Deluxe if additional support is needed.
The 2019 tax filing deadline and tax payments have been extended to July 15, 2020.
What is FreeTaxUSA Free Tax Services?
FreeTaxUSA is an online tax preparation website offering a reliable free option for DIY taxpayers who need very limited support.
FreeTaxUSA Free Version
With FreeTaxUSA Free you’ll get:
- Federal Tax Return
- E-file Service
- Account Information Roll Over
- Printing of Tax Return
- Online Backup of Completed Returns
- Complex Tax Filing
- Federal Tax Extension
With any other tax prep software website, you’ll pay extra to file your state tax returns. However, the price with FreeTaxUSA is very low compared with others. Each state tax return is $12.95*.
If you need additional features or extras, there are fees associated with them. Refer to the information found on the website.
FreeTaxUSA is not as fancy as other online tax preparation software but it has come a long way with its easy navigation and features. The software includes an estimated refund tracker. With FreeTaxUSA, you follow a predefined process and go in order and can go back to a previous section but not ahead.
Can Handle Complicated Tax Situations
With both Free and Deluxe editions, you can complete your taxes whether you’re self-employed and will complete a schedule C, have rental properties, or other types of income like K-1. The Deluxe version gives you more support not more features.
Knowledge and Support
With the Free version of FreeTaxUSA, you have access to support topics and email customer support. If you need additional support, upgrade to the Deluxe Edition and gain chat support.
Security and Accuracy
FreeTaxUSA is an authorized IRS e-file provider encrypting your personal information on their website. And like other online tax prep software program, FreeTaxUSA guarantees the accuracy of their tax calculations. They will cover the cost of penalties or interest if you’re assessed any fees by the IRS due to their software’s calculation error.
Rollover Previous Year’s Information
With FreeTaxUSA, you are able to carry last year’s information over to this year’s tax filing if you’ve used the software twice in a row. If you’re using FreeTaxUSA for the first time, you may be able to import your taxes from another online tax preparation website.
Upgrade Available for Complex Returns
With the Deluxe version, you will get Audit Assist giving you access the Audit Center and to an audit specialist who can answer questions should you get an IRS audit. Audit Assist doesn’t cover state returns and doesn’t provide actual representation in case of an audit. You do the work but have experts to craft responses to the IRS for you. If you’re more likely to get audited, consider other online tax preparation companies that provide more audit representation, but that comes at a higher price too.
How to Get Your Refund
Regardless of how you file, you can receive your refund through direct deposit to your bank accounts which is the fastest option. Or you can choose a prepaid debit card or a paper check.