Prepare Your Own Taxes

Available Filing Packages for the Preparation and filing of your own taxes

 

   Simple

 

The Simple package allows only the simplest types of tax returns. You can file the Simple package if all the following are true:

  • Your filing status is single or married filing jointly
  • You do not claim any dependents
  • You do not claim any adjustments to gross income
  • You do not claim any credits other than the Earned Income Credit
  • You, and your spouse if filing jointly, are under age 65 and are not blind
  • Your taxable income is less than $100,000
  • You did not receive any advance Earned Income Credit payments
  • You do not owe any household employment taxes on wages paid to household employees
  • You are not a debtor in a Chapter 11 bankruptcy case filed after Oct. 16, 2005
  • You are not claiming the additional standard deduction for net disaster losses or qualified motor vehicle taxes
  • Your income is only from:
    • Wages
    • Salaries
    • Tips (must be reported in boxes 5 and 7 of Form W-2)
    • Unemployment compensation
    • Taxable scholarships and fellowship grants
    • No more than $1,500 in interest income
    • Alaska Permanent Fund dividends

Deluxe

  • You have self-employment income (including farm income)
  • You received $20 or more in unreported tips in any one month
  • You received income as a partner in a partnership, as a shareholder of an S corporation, or as a beneficiary of an estate or trust
  • You received dividends on insurance policies if they exceed the total of all net premiums you paid for the contract
  • Your taxable income is $100,000 or more
  • You itemize deductions
  • Your Form W-2, box 12, shows uncollected tax on tips or group term life insurance
  • Your Form W-2, box 12, show a code Z
  • You owe excise tax on insider stock compensation from an expatriated corporation
  • You are a debtor in a Chapter 11 bankruptcy case filed after October 16, 2005
  • You have an alternative minimum tax adjustment on stock you acquired from the exercise of an incentive stock option
  • You owe household employment taxes
  • You are claiming the adoption credit or received adoption benefits from an employer
  • You are eligible for the health coverage tax credit
  • You are an employee and your employer did not withhold Social Security and Medicare tax
  • You had a qualified health savings account funding distribution from your IRA
  • You have a net disaster loss attributable to a federally declared disaster
  • You are eligible for the First-time Home-buyer Credit

Basic

You can file the Basic package if all the following are true:

  • Your income is only from:
    • Wages, salaries, tips
    • Interest and ordinary dividends, including Alaska Permanent Fund dividends
    • Capital gain distributions
    • Taxable scholarship and fellowship grants
    • Pensions, annuities and IRAs
    • Unemployment compensation
    • Taxable Social Security and railroad retirement benefits
  • Your adjustments to income are only from:
    • Educator expenses
    • IRA deduction
    • Student loan interest deduction
    • Tuition and fees deduction
  • You do not itemize deductions
  • Your taxable income is less than $100,000
  • You did not have an alternative minimum tax adjustment on stock acquired from the exercise of an incentive stock option
  • The only tax credits you claim are:
    • Child and Dependent Care Credit
    • Elderly or Disabled Credit
    • Child Tax Credit
    • Additional Child Tax Credit
    • Education credits
    • Retirement Savings Contribution Credit
    • Earned Income Credit

State

After you complete your federal tax return, your information will automatically create the needed state tax return(s) based on any income you might've received from those states. Answer a few simple questions related to your state and you're done. If you need more than one state, click on States in the left menu to add more.

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