How to File Your Taxes For Free

Tax season is here and the deadline is looming. If you haven't filed your taxes yet, I have a special treat for you. I've been filing my taxes totally free for the past two tax seasons and I'll show you how you can too.

 How to File Your Taxes for Free

How to File Your Taxes for Free

It’s tax season! Yes, I’m being sarcastic.

Depending on whether you are planning on getting a refund or owing money that could be a good or bad thing I guess.

If you haven’t filed your taxes yet, I want to show you the tool I use to file my federal and state taxes totally free. Yes, it’s true, I don’t pay a dime to file my taxes, both federal and state.

I use to use H&R Block and the fee for both federal and state was getting close to $100 per year. Before that I even tried using a dedicated tax account and was shocked when I got his bill. Guess how much he charged.

$700! That was the last time I hired a tax accountant…

CREDIT KARMA IS A GREAT FEE FREE TAX FILING SOFTWARE

Last year I switched to Credit Karma for taxes and I’ve been pleasantly surprised at how well it works.

It files both federal and state taxes totally free!

I’ve had fairly complicated taxes in the past. I’ve had multiple W2’s, investment real estate, stock transactions, college education credits, dependent children, etc.

In other words, I needed Credit Karma to be able handle all those various situations. I was surprised to find out that Credit Karma could handle all of it.

I had already used Credit Karma for monitoring my credit score and loved it, so I was totally open to the idea of trying Credit Karma for taxes.

 Credit Karma

Credit Karma

FILING YOUR TAXES WITH CREDIT KARMA IS SIMPLE

If you’ve already used other pay tax filing systems like H&R Block, you can import your information directly into Credit Karma.

Just like all the pay tax filing options, Credit Karma has a simple question style interview to fill out your tax forms. No need to manually enter your information in tax forms. The software handles that for you.

Once you’ve signed up with Credit Karma, it will lead you through gathering all the basic info:

  • Personal Info
  • Dependents
  • W2’s
  • College Info
  • Medical Info
  • Etc.

Basically, it hits all the main areas that most people will need to fill out for their taxes.

In addition, you can access all the more advanced tax filing pieces as well.

If you own your own business or have a side hustle, you can report your income and expenses in Credit Karma.

If you own rental real estate, they’ve got you covered there as well.

If you buy and sell stocks, you can easily enter those also.

Basically, it should have every thing you need to successfully file your taxes. If not, you can always manually enter in anything that is missing.

 Credit Karma

Credit Karma

CREDIT KARMA HAS THE SUPPORT AND SECURITY OF PAY OPTIONS

If you have any questions, they have 24/7 chat support available. They will also check your tax return before filing.

Just like most other financial apps they have the security features built in to ensure your information doesn’t get stolen. Encryption, dual authentication, and none of your info is sold. It’s all there.

I’ve been loving it! I’ve personally used it for the last two tax seasons and can’t recommend it enough. If you haven’t filed your taxes yet this year, I highly recommend giving it a shot and saving yourself $50 - $100 bucks!


David-shepherd

DAVID SHEPHERD

CREATOR OF LET'S AUTOMATE YOUR MONEY


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