There are many tools available for those individuals looking to prepare their own tax returns no matter how high their income. The newest addition to the free filing industry is the IRS’s Free File Fillable Forms (FFFF) service. The service is perfect for individuals that are looking to prepare their own taxes on paper, but those who don’t know what they are doing should stay away!
The website is http://www.freefilefillableforms.com/
The advantages of this new system is that there is no income limit and you can take your time with a saving feature. Meanwhile, there are many forms that are available as part of the package, including rental income, business income, capital gains, farming income, and much more. The disadvantages are that you cannot file the state form electronically and there are no error messages telling you to add forms when needed.
Those looking for more help might be better off with other free solutions, like TurboTax’s free service. This service features a Q&A path, live community support, free audit support, and a cheap state return fee of just $25 per state. Other services include H&R Block’s TaxCut service and TaxAct Online, which both other free federal filings and cheap state filings. Overall, there is a solution for everyone!