![]() If you file a return as a self-employed business owner or an incorporated or unincorporated small business, you will probably have to pay a fee.įor instance, the Jackson Hewitt offer is free for qualifying consumer returns. Things are a bit more complicated for those of us who file a business return, such as a Schedule C. The free tax software under this program is generally meant for consumer (i.e., wage earner) returns. ( Go to this page on the IRS website to see income levels for the Earned Income Credit.) (3) Business returns cost extra. But millions of taxpayers, including small business owners and the self-employed, qualify for the EIC. The Earned Income Credit or EIC has its own set of income restrictions. In other cases you may have to qualify for the Earned Income Credit in order to use the free software. In some cases, to get the free software you must be located in certain states. (2) Providers may impose additional conditions.Įach tax software company sets its own restrictions on who is eligible to use its Free File version. If your income didn’t change much from year to year, it may give you a rough idea of your AGI for 2014. The IRS suggests referring to your adjusted gross income on your 2013 tax return. But for some taxpayers, your AGI may be lower than your total income. For many taxpayers, your AGI will be the same as your total W-2 income. Note: the income levels refer to “adjusted gross income” or AGI. ![]() For example, the cut-off for eligibility with TaxACT is $52,000. ![]() With some software providers, income levels must be much lower than $60,000 to qualify for the free version. If you earned $60,000 or less during 2014, you may be eligible to choose from among the 14 free tax software products. (1) You must wade through a patchwork of income restrictions. There are four wrinkles that affect who is eligible for what. Tim Hugo, executive director of the Free File Alliance, said, “Tax time can be stressful, but Free File makes step-by-step help accessible to everyone making $60,000 or less.” The IRS says that 100 million (70 percent) of taxpayers are eligible to use the Free File software. ![]()
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