Online Federal and
Tax Filing Software 2016 - 2017
Federal and Sate tax filing over the last several years has become a relatively simple process to perform online with easy to follow step-by-step guidance from top rated federal tax software programs.
As each new tax filing season approaches, more and more software developers jump into the multi billion dollar federal income tax software market. While most software brands on the market today will be simple enough to use for basic 1040ez tax filing, two software companies have been leading the industry with robust programs for all tax filing levels.
Not all of today's tax software choices and brands are created equal. In fact, some online tax preparation products can be down right cumbersome and difficult to use.
Fortunately some brands are well know leaders in the tax software development arena and offer top not step by step guidance.
The last thing needed is cumbersome tax preparation software that adds to that discomfort.
Take the weight off your shoulders by selecting a well known brand for top quality tax software guidance.
Top rated tax software will allow you to calculate tax liability with all the deductions and tax credits that you can qualify for. These deductions are figured into your tax return to insure you are getting the biggest refund possible.
Top consumer tax service choices include
TurboTax Online Tax Preparation. This brand continues to be the market leader for sales year after year.
With annual market share on the rise, TurboTax continues to innovate by producing more user friendly tax products every year.
No other service appears to be gaining ground at this pace though many are on the rise as they grasp for their share of this multi billion dollar business.
With TurboTax in the lead, it's a competitive market trying to catch up.
H&R Block Online Tax Preparation offers similar high quality line of tax preparation products every year.
Over and above that, H&R Block leads the market for professional tax preparation services.
With offices throughout the country and overseas, they stage more professionals to help you prepare your tax return than any other tax service out there.
H&R Block continues to be the largest organization of localized tax preparation offices across the nation.
Choosing your tax preparation service
When its time to tackle your tax return, these are two great choices that U.S. consumers turn to consistently for top notch products and service.
In today's economy more tax filers turn to the do-it-yourself online tax preparation format every year. This is a great way to lower the tax season costs by completing your tax return yourself.
While this format for tax preparation continues to grow, the computer based tax software approach continues to shrink a little bit every year.
Fact is all computer tax software tends to have the potential to slow down your computer. Therefore, using online tax preparation products allows consumers to prepare their tax return online without the need to install any tax software on their machine. This will help alleviate future slow computer issues.
Do I have to file a federal tax return?
It may come as a surprise to many individuals
that not everyone needs to file a federal tax return.
But, federal criteria allows for certain taxpayers
to not file a federal return
The IRS states that many individuals who do not need to file a federal tax return still do because they are not aware of the requirements for filing.
You gross income must be looked at first to determine whether you need to file a federal tax return. If your tax filing status, age, and gross income is at or under the amounts listed below, you do not need to file a federal tax return.
However, even if your gross income is less than the amounts indicated in the IRS income tax chart, you may still need to file a federal return under certain circumstances including:
- You are eligible to receive a federal tax refund
- You are eligible to receive the earned income tax credit (EITC)
- You are a self-employed individual that had more over $400 in earnings from self-employment during the tax year being filed
- You owe an excise tax on your retirement plan assets
- You owe social security and Medicare taxes on tips which you did not report to your employer.
Online Federal Tax Filing is an electronic tax preparation method that provides a more accurate & faster way of preparing and filing taxes. Filing your federal income tax online can seem intimidating at first, but it's actually the fastest and easiest way to file. Step by step instructions keep you moving along in the right direction at all times.
Federal tax deductions are one of the best ways to lower your tax bill, and top rated federal tax filing software programs are the ideal tool for insuring that you will be able to take advantage of every tax deduction you can qualify for.
Free Federal Tax Filing Online
Free tax software programs like TurboTax Free Edition and HR Block Free Edition are a Fast, Easy and Reliable online federal tax filing solution to keeping your tax preparation costs down. Free income tax filing for preparing and filing your tax return online electronically is a great choice for those who have minimal deductions and don't require special guidance or tax forms.
With the Free federal tax filing web software programs you get all the basic benefits of standard tax software editions with the exception of import capabilities and limited support.