- TurboTax offers a free online tax filing service for eligible taxpayers.
- The final tax deadline is April 17 this year.
- The IRS recommends e-filing your taxes and requesting your refund via direct deposit.
- Business Insider decided to try the free version of TurboTax’s service.
Tax Day is here.
On the bright side, it also means you can pick up Tax Day freebies from many of your favorite restaurants.
Another bonus: If your income was less than $66,000 in 2017, many online tax services offer the option to file for your federal taxes — and sometimes state taxes — for free. You can check your options using the IRS Free File Lookup tool.
The IRS also says the fastest way to get your tax refund is the method already used by most taxpayers: filing electronically and selecting direct deposit as the method for receiving your refund. Your refund should hit your bank account within three weeks of filing online. Often, you’ll get your money even faster.
I used TurboTax to file my taxes last year. This time around, I went on a quick trial run to demonstrate how you can use it during this year’s tax season.
Here’s how it works:
To use TurboTax, you have to set up an account from the get-go — unlike H&R Block. I filed my taxes using TurboTax last year, but I’d completely forgot my old password. Recovering my information was quite easy, however.
If you’re a TurboTax veteran like me, you can kick things off by checking your past returns, as well as your previous federal and state refunds…
… or you can dive into this year’s taxes.