Read our FreeTaxUSA review and see if its online services are a great fit for your 2020 tax return needs.
FreeTaxUSA 2020 is an IRS-approved e-file provider that has filed over 43 million tax returns with the IRS. As a top-rated tax software, they claim they can help you get the maximum tax refund you may be entitled to in the fastest way possible. It’s a great option for gig economy workers, homeowners, if you own a business, or if you’re an independent contractor/have 1099 income. FreeTaxUSA offers federal tax returns, E-file services, customer support, tax extension a-sistance, and printable tax return options. If you do upgrade to their deluxe edition or file state returns (which incur a fee), you can pay with a credit card or have the fee deducted from your refund for an additional $20 service charge from FreeTaxUSA.
In terms of the software, you can expect the same features as other e-filing tax services, such as simple document upload, deduction and credit maximization, health care taxation calculations, and self-employment, business, and investment income reporting. The difference with other services is FreeTaxUSA offers all of these included in their Free Edition. If you have more complex tax return needs, they also offer an upgraded Deluxe service that gives you help in the case of an audit, allows you to amend returns, and offers priority support. And while their federal tax filing service is free, there is a cost to use them for state taxes and certain add-ons.
This particular tax software is ideal for those who want value, yet still need options beyond the 1040EZ/1040A return. Their most significant perk is undoubtedly the opportunity to file any return, no matter the complexity, for a low price. For example, you can file a premium federal tax return completely for free. You can use FreeTaxUSA’s software to file forms 1040 (main return form), 1040SR (for seniors) and 1040X (amendments).
FreeTaxUSA also allows you to prepare prior year returns (2012-2018) at no cost. While you can’t electronically submit returns for these years, it makes it easy to get them prepared quickly. You can also easily import your tax returns from other software platforms if you used other competitor services in past tax returns.
It’s easy to get started. Simply sign up for an account with your basic information and try FreeTaxUSA for free. FreeTaxUSA is also user-friendly. Throughout the entire application, FreeTaxUSA will use the data you give them to fill out any supporting forms your tax situation requires. At the end of the process, they’ll check your return for mistakes and provide you with a total refund amount for your federal and state taxes.