Bad News: Turbo Tax Free File Rules Changed
By Elizabeth on January 16th, 2007
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The Turbo Tax Free File Rules have changed. Last year I qualified because they had a $50,000 AGI limit, but they’ve changed it this year. Apparently now you have to have an AGI of $27,000 or less (or be military with an AGI of under $52,000 or less or qualify for an earned income credit.) So, I’ll be checking out my options for a different free file this year.
The IRS has a cool new tool to help you figure out which free-file service you qualify for.
I ran it and my two best options look like:
From what I’ve read, TaxACT is very good for simple returns; but TaxCut is just a little bit better for more complicated ones. With jobs, internships, scholarships, and schools I may lean towards TaxCut. The downfall? It’s only $12.95 to e-file my state return with TaxACT, but $24.95 with TaxCut.
I’ll play around with both of them and see which I like better. Maybe I’ll end up doing my state taxes by hand this year.
Categories: Taxes
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