Tax Returns at no Cost

If you would like to get your taxes done at no cost and don't mind doing them your self on-line than the IRS has the answer for you.

Free tax preparation and electronic filing available for 97 million eligible taxpayers who earn $54,000 or less; Free File marks its sixth year. If your adjusted gross income [AGI] was $54,000 or less in 2007, you can use Free File to prepare and e-file your taxes online.

Free File will be available 24 hours a day, 7 days a week through our network of partners, but it's important to remember that you must access Free File through the IRS website [irs.gov]. Get a faster refund, in as little as 10 days with Direct Deposit.

Free File applies to Federal taxes, while Fees for state tax returns may apply; however, some companies offer Free File state tax return preparation and e-filing.

Looks like there are 19 different e-file programs to chose from, including all the well known ones like H&R Block and TurboTax. It's just like using the paid version of the software, except it's free.

In 2006, the median annual household income according to the US Census Bureau was determined to be $48,201.00. The median income per household member (including all working and non-working members above the age of 14) in the year 2006 was $26,036.