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jan449226
New Member

I just want to do a simple free filing, how do I do it?

 
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2 Replies

I just want to do a simple free filing, how do I do it?

https://turbotax.intuit.com/personal-taxes/online/free-edition.jsp

 

 

TurboTax Online: Important Details about Filing Simple Form 1040 Returns

If you have a simple Form 1040 return only (no forms or schedules except as needed to claim the Earned Income Tax Credit, Child Tax Credit or student loan interest), you can file for free yourself with TurboTax Free Edition, or you can file with TurboTax Live Assisted Basic at the listed price. Roughly 37% of taxpayers are eligible.

Examples of situations included in a simple Form 1040 return (assuming no added tax complexity):

  • W-2 income
  • Interest, dividends or original issue discounts (1099-INT/1099-DIV/1099-OID) that don’t require filing a Schedule B
  • IRS standard deduction
  • Earned Income Tax Credit (EITC)
  • Child Tax Credit (CTC)
  • Student loan interest deduction
  • Taxable qualified retirement plan distributions
  •  

Examples of situations not included in a simple Form 1040 return:

  • Itemized deductions claimed on Schedule A, like charitable contributions, medical expenses, mortgage interest and state and local tax deductions
  • Unemployment income reported on a 1099-G
  • Business or 1099-NEC income (often reported by those who are self-employed, gig workers or freelancers)
  • Stock sales (including crypto investments)
  • Income from rental property or property sales
  • Credits, deductions and income reported on other forms or schedules 

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
DawnC
Expert Alumni

I just want to do a simple free filing, how do I do it?

TurboTax Free Edition is intended for taxpayers who file simple Form 1040 returns only (no schedules except for Earned Income Tax Credit, Child Tax Credit, Student Loan Interest, and Schedule 1-A). Roughly 37% of taxpayers qualify.

 

If your tax situation is more complex—for example, if you’re claiming itemized deductions like home mortgage interest, reporting unemployment income, or earning self-employment income—we’ll let you know that you need to upgrade to a paid TurboTax product. This way, you’ll get the forms you need, maximize your deductions, and file an accurate return.

 

Depending on what your tax situation was last year, you might need to use new tax forms to claim the same deductions, credits, or forms of income. 

You can file for free with Free Edition if you have a simple return - See what is included

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