TurboTaxhas always been one of the easiest options for filing taxes from the comfort of your home. WithTurboTax Free Edition, taxpayers can file simple federal and state tax returns at no cost. Known for its user-friendly interface, TurboTax offers comprehensive written guidance for users who may...
The truth is, taxes can be a bit more complicated for a freelancer than they might be for a regular W2 employee. And the thought of making that already annoying process of filing taxes even more difficult than it already is can be a stress-inducing thought for most freelance hopefuls. But...
How to file your taxes for free Direct File In 2023, the IRS launchedDirect File, a free online program for filing a federal tax return directly with the agency. For tax year 2024, Direct File is open to qualified taxpayers in 24 states: Alaska, Arizona, California, Connecticut, Florida, ...
These are the best ways to file your taxes for free today, including official services from the IRS and free software from commercial publishers like TurboTax and H&R Block. Note: You should be wary of online tax software that lures you in with free offers and then tries to sell you higher...
FreeTaxUSA: lowest price at link on state e-file Liberty Tax: $10 off at link E-file.com: 30% off at link How Should I Pay My Taxes? For reasons I just highlighted, I recommend that youpay your taxes online– it’s quicker, safer, more reliable, and can help prevent identity the...
“Some new solopreneurs and entrepreneurs are shocked when they have to pay self-employment tax,” said Ellie Thompson, CEO of Money Therapy. “When you are working for a corporation, taxes like Medicare and Social Security are already deducted from your paycheck. As an entrepreneur, you have ...
The self-employment tax consists of Social Security and Medicare taxes, but you might have other taxes to pay as well.
But many self-employed professionals don’t take advantage of tax deductions they qualify for. That means some freelancers are paying more taxes than they have to! As a freelancer, you can claim deductions on expenses that are"ordinary and necessary"for the operation of yourbusiness. Some of ...
How You Can Get Your Taxes Done for Free
File your taxes onlineeach year to avoid mistakes and delays;e-filing is safe, simple, and makes the process much easier than filling in complicated tax forms and mailing them in. TurboTax®is a registered trademark of Intuit, Inc.