Friday (January 15) was the first day that you could electronically file your federal income taxes. The director of the I.R.S. “Free File” program, Angela Kraus, says there are a couple of ways you can file on-line at no cost. Kraus says if your income is less than 57-thousand dollars, you can file through the traditional free file, which is a question and answer software.
If you make more than $57,000, you can use free fill fillable forms, which are the electronic version of the I.R.S. paper forms. Kraus says Iowa lead the nation in e-filing in 2009.
She says last year over 1.3 million taxpayers filed their return electronically, with over 260-thousand Iowans who filed and were able to get faster refunds. Kraus says you can find out more about filing on the I.R.S. website.
Kraus says you can go to IRS.gov and click on the free file or e-file logos on the front page of the site. Kraus says filing electronically allows you to get your refund quickly and it helps cut down on errors in the filing process.