Tax time is getting closer! I actually enjoy doing my taxes and find it a fun challenge to make sure we’re taking advantage of all the tax savings strategies available to us.
I’m almost done collecting tax papers according to my organized  list. I’m now ready to start entering my data. Usually I use either TaxCut  or TaxWise when volunteering  to complete my taxes. Of course I like to find the cheapest way to file.
Free Tax Software
- IRS option for free efiling  with income limits of $54,000.
- If you like excel, here’s an excel income tax calculator .
- TaxAct  2007 online or download.
When TaxAct boasted free efiling for everyone it caught my attention! It sounds like a good option for those who don’t qualify through the IRS option.
The Standard product is free which includes free federal efiling. The deluxe and ultimate products are available for a fee. From the comparison  it looks like the fee packages offer the ability to import data from last year, calculators, and reports. The ultimate version includes a state return. It appears the federal version has everything needed to complete a federal return.
I don’t care for the online products because I like to download the software; luckily TaxAct has a download option. I downloaded it yesterday and I’m going to give it a try. It would have been nice to use TaxCut again so that I wouldn’t have to reenter any data…. but I’m willing to switch for a free product!
Others who have used TaxAct successfully over the last few years:
Have you used TaxAct? What did you think?