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There must be some catch, right? Well, there is but luckily it’s not a big one. You just have to be eligible to file the 1040A or 1040EZ. This means that you have a taxable income of $100,000 or less and you claim the standard deduction (rather than itemizing). You may not qualify if you have a more complex situation like owning a home or being a business owner (although I made $1500 last year as an independent contractor and I qualified!) but if you don’t fit any of those, give it a shot. You can even file for free if you have children and claim the Earned Income Tax Credit (EITC) or are currently a college student!
What are you waiting for? Try the TurboTax Federal Free Edition today!