🔍Not all tax software that claims to be free is really free. Be aware of hidden costs.
💰Cash App Taxes is the only completely free filing situation for both federal and state.
📝H&R Block, TurboTax, TaxAct, TaxSlayer, ezTaxReturn.com, and TaxHawk offer free versions with some limitations.
🗂️FreeTax USA offers a truly free federal return, but state returns are chargeable.
💡The IRS fillable forms are always free for manual tax return filing.
Is it really possible to file taxes for free?
—Yes, there are several tax software options that offer free versions for certain tax filing situations.
What are some hidden costs to watch out for in free tax software?
—Some free tax software may charge for additional services such as state filing, reporting foreign income, or complicated tax situations.
Which tax software is completely free for federal and state?
—Cash App Taxes is the only tax software that is completely free for both federal and state returns.
What if I have multiple states or foreign income to report?
—Cash App Taxes does not support filing multiple state returns or reporting foreign income.
Are there any tax software options for more complex tax situations?
—H&R Block, TurboTax, TaxAct, TaxSlayer, ezTaxReturn.com, and TaxHawk offer paid versions that can handle more complex tax situations.
00:00If you're interested in filing your taxes for free this year, watch this video to learn about the top free tax filing software for 2024.
01:03Cash App Taxes is the only tax software that is completely free for both federal and state returns, with some limitations.
01:30H&R Block, TurboTax, TaxAct, TaxSlayer, ezTaxReturn.com, and TaxHawk offer free versions with some limitations based on your tax filing situation.
02:39FreeTax USA offers a truly free federal return, but state returns are chargeable.
03:02The IRS fillable forms are always free for manual tax return filing.
03:09Be aware of hidden costs in free tax software, such as charges for state filing, reporting foreign income, or complex tax situations.
04:22Free versions of tax software have limitations, so if you have multiple states or foreign income to report, you may need a paid version.
04:58If you have a simple tax situation, you can use free tax software. But for more complex situations, consider paid options like H&R Block, TurboTax, TaxAct, TaxSlayer, ezTaxReturn.com, and TaxHawk.
