May 02, 2019

TaxAct Free Federal Edition

TaxAct offers online tax filing services plus year-round financial services for independent contractors and self-employed filers. The service works much like TurboTax and H&R Block, but there are more upsells with TaxAct. For instance, you can use TurboTax’s free tax preparation service if you have dependents, but TaxAct requires an upgrade if you have dependents. Just having children ensures that you will pay close to $10 for the service if not more.

If any of the following tax situations apply to you, TaxAct will require you to upgrade to a paid service:

  • Dependents
  • Home ownership
  • Investments
  • Rental property
  • Freelancer
  • Self-employed

TaxAct does have an intuitive online tax filing software that helps you maximize deductions for the biggest return possible. You just may not qualify for the free service if you have anything other than a basic 1040 filing with simple W-2s.

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