If you are filing your taxes online using e-file, you can save hundreds of dollars. You don’t need a tax Preparer and can file your taxes online using any good Tax Software. You can read more about it here.

There are many websites which claim to provide Free E-Filing of your Income Tax Returns. Most of these websites have some hidden fees. After creating a Profile and entering all your Tax information, you will find out that nothing is free. Moreover, these websites take you through many confusing questions, and in the end, you will find out that you have wasted your time and you have to pay to proceed with filing. Some websites are ridiculous enough to charge fees for Direct Deposit of Returns or even Printing the Prepared Returns.

This year, I tried many different Websites and some were absolutely worthless and total waste of time. One such useless site is TurboTax. TurboTax only allows you to “Prepare” your Federal Income Tax Return for free but it doesn’t allow you to e-file the prepared return. By free what they mean is that you have to take a print of the completed form and mail it to IRS. They even charge a very high amount for Preparing your State Returns and even more e-filing it. After all this nonsense, you will see them charging for Direct Deposit of returns to your Bank Account. You end up paying more than what you would have paid if you went to a Tax professional. Do not waste your time on Turbotax.com.

List of Sites which Provide Free Preparation and E-filing of Federal Income Tax Returns

1. FreeTaxUSA.com
2. TaxHawk.com
3. IRS Free Fillable Forms
   
4. OLT Online Taxes (www.olt.com) – Free if you are 20 years or younger.

Check out more sites which allow Free Filing here.

List of Sites which Provide Free Preparation and E-filing of State Income Tax Returns

1. TaxHawk.com – Free if your AGI is less than $20,000.
2. OLT Online Taxes (www.olt.com) - Free if you are 20 years or younger.
3. Tax Simple (www.TaxSimple.us) – Free if your AGI is less than$57,000.

Please check if your state is there in the list and if e-filing is allowed. Some States only allow Direct Filing.

Some good sites for Preparing and E-Filing Both Federal and State Income Tax Returns

These sites allow e-filing of both Federal and State for the amount mentioned below. There are no hidden charges or additional fees for preparation and e-filing. I filed my tax returns using FreeTaxUsa.com this year and had to pay only $9.95.

1. FreeTaxUSA.com – $9.95
2. TaxSlayer.com – $14.90
3. TaxHawk.com – $12.95
   
4. OnePriceTaxes.com – $14.95
5. TaxAct.com – $14.95
   

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1. File Taxes Online and Save Money