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Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers.
We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.
Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.
The 2009 electronic filing system began January 16, and this year the IRS has added a new option. I’m Judy Martel with the Bankrate.com personal finance minute.
In addition to the standard Free File program, where you can go to the IRS Web site and select one of 20 private tax preparation software companies to help you complete your taxes, the IRS is also offering its own free filing option.
With the traditional Free File method, taxpayers whose adjusted gross income in 2008 was $56,000 or less can sign onto the IRS site, pick a vendor, prepare their returns and then file them for free.
But the new IRS Free File Fillable Tax Forms can be used by any taxpayer, regardless of income.
The difference with this program is that there is no software with the new fillable forms, which are electronic reproductions of IRS paper forms, so you must know what to type into the document that appears on your computer screen.
For more information about filing your taxes, visit Bankrate.com. I’m Judy Martel.
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