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Free Federal tax return preparation services is a free services offer by Taxact Tax Services for US tax payers to file their federal tax return online for free. The Free File program is a free federal tax preperation and electronic filing program for eligible taxpayers developed through a partnership between the Internal Revenue Service (IRS) and a group of private sector tax software companies.

Get Your IRS Tax ID Number and Tax Return Copy

Need a Tax Identification Number?

A Tax Identification Number or TIN is an identifying number used for tax purposes in the United States. It may be assigned by the Social Security Administration or by the IRS.

A business need a Federal Tax Identification Number or Employer Tax Identification Number, so that they can maintain their own image or entity in the market. It is to be noted that, the tax ID number could not be transfer in case of the transferring of any business. If the structure or ownership would be changed then a new tax ID number is required for the business. But above all you have to collect the relevant information to get an EIN.

Need a Copy of Past Tax Return?

Taxpayers have two easy and convenient options for getting copies of their federal tax return information — tax return transcripts and tax account transcripts — by phone or by mail.

If you need a photocopy of a previously processed tax return and attachments, complete Form 4506, Request for Copy of Tax Form, and mail it to the IRS address listed on the form for your area. Copies are generally available for the current and past 6 years.



Do You Need to File a Federal Income Tax Return?

# Married Filing Jointly, Over 65 or Blind
# Earned Income NOT Over $6,500 ($7,550 if 65 or Older and Blind)
# Unearned Income NOT Over $1,950 ($3,000 if 65 or Older and Blind)

Was your gross income more than the larger of:

# $1,950 ($3,000 if 65 or older and blind), or
# Your earned income (up to $5,150) plus $300 plus $1,050 ($2,100 if 65 or older and blind)?

If Yes:
You need to file a Federal Income Tax return. Even if you do not have to file a return, you should file one to get a refund of any Federal Income Tax withheld.

If No:
Based on the information provided, you do not need to file a Federal Income Tax return for this year unless you need to receive a refund of payments already made.

If you have taxes withheld for Wage or Pension Income and have less than $300 of unearned income (e.g. interest, dividends, unemployment compensation), you can stop your withholding by filling out a new Form W-4, Withholding Certificate or a Form W-4P, Withholding Certificate for Pension or Annuity Payments. You may obtain the form you need from our Forms and Publications Page.

Give Form W-4 to your employer and mail Form W-4P to the company that sends your pension checks. To stop withholding before another year starts, you need to file the Form W-4 or W-4P by early December.

Reminders:

Form W-4 - You must file a new Form W-4 each year to continue the exemption. The exemption is valid for one year only. Each time you change employers and file a new Form W-4 make sure you claim the exemption from withholding.

Form W-4P - Form W-4P stays in effect until you file a new one or an IRS Examination results in mandatory "backup" withholding.

This information applies only to your Federal Income Tax return. State filing requirements are different. Please contact your state and/ or local tax office if you need this information.

Source: IRS.gov

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Want to File a Federal Income Tax Return?

Many people will file a 2008 Federal income tax return even though the income on the return was below the filing requirement. The questions below will help you determine if you need to file a Federal Income Tax return or if you need to stop your withholding so you will not have to file an unnecessary return in the future.

The Internal Revenue Service is providing this information as a part of our customer service and outreach efforts to Reduce Taxpayer Burden and Processing Costs. Changing your withholding and/or not filing Unnecessary Returns will save both you and the government time and money.

Even if you do not have to file a return, you should file one to get a refund of any Federal Income Tax withheld.

To determine if you need to file a Federal Income Tax return for 2008 answer the following questions:

Occasionally, individuals have one-time or infrequent financial transactions that may require them to file a Federal Income Tax return. Do any of the following examples apply to you?

  • Did you have Federal taxes withheld from your pension and wages for this tax year and wish to get a refund back?

  • Are you entitled to the Earned Income Tax Credit or did you receive Advance Earned Income Credit for this tax year?

  • Were you self-employed with earnings of more than $400.00?

  • Did you sell your home?

  • Will you owe any special tax on a qualified retirement plan (including an individual retirement account (IRA) or medical savings account (MSA)? You may owe tax if you:

  • Will you owe social security and Medicare tax on tips you did not report to your employer?

  • Will you owe uncollected social security and Medicare or Railroad retirement (RRTA) tax on tips you reported to your employer?

  • Will you be subject to Alternative Minimum Tax (AMT)? (The tax law gives special treatment to some kinds of income and allows special deductions and credit for some kinds of expenses.)

  • Will you owe recapture tax?

  • Are you a church employee with income in wages of $108.28 or more from a church or qualified church-controlled organization that is exempt from employer social security or Medicare taxes?

    • Source : irs.gov

    You Must File a 2008 Federal Income Tax Return to get your Stimulus Payment

    Even if you aren’t normally required to file a federal income tax return, you must file one if you want to be among the 130 million individuals who will receive a check from Treasury beginning in May of this year. The IRS will use information on the 2008 tax return filed by the taxpayer to determine eligibility and calculate the amount of the stimulus payment.

    In most cases, payments will range from $300 to $600 for individuals and $600 to $1200 for joint filers. Parents and anyone else eligible for a stimulus payment will also receive an additional $300 for each qualifying child (subject to income phase-outs).

    “We want to make sure everyone who is eligible for these payments receives them,” says IRS Executive Julie Rushin. “Most eligible taxpayers do not need to take any extra steps to receive the payment. All they have to do is file a 2008 federal tax return and the IRS will automatically do the rest. No other action, extra form or call is necessary.”

  • You Must Have a Valid Social Security Number

    • Taxpayers must have a valid Social Security Number to qualify for the stimulus payment. If married filing jointly, both taxpayers must have a valid Social Security Number. Children must be eligible under the Child Tax Credit and must also have a valid Social Security Number to be eligible as qualifying children.

  • You Must File a 2008 Federal Income Tax Return, Even if You Normally Would Not

    • Low-income workers who had at least $3,000 in earned income (such as wages) and other qualifying income in 2008 but do not otherwise earn enough to be required to file a federal tax return need to file a return to qualify for the stimulus payment. Other qualifying income includes Social Security benefits, certain Railroad Retirement benefits, or certain veterans’ benefits.

    Source : irs.gov

    Top Tax Credits to Take When Preparing Your Federal Income Tax Return

    When you are preparing your federal income tax return, you should be aware that there are many different tax credits available to taxpayers. We are going to focus here on some of the more common ones to take advantage of.

    1.Child Tax Credit

    The tax law allows you take a $1,000 credit for each dependent child (under age 17 by December 31st of the filing year), against taxes owed. Remember this is not a deduction, this is a CREDIT. A credit reduces your income tax dollar for dollar, and thus is extremely advantageous. This credit does, however, begin to phase out at $110,000 adjusted gross income for joint filers, and $75,000 adjusted gross income for single filers.

    2.Education Credits

    There are actually two credits available, depending upon your situation.

    A.The Hope Credit

    The Hope Credit is available to students in their first two years of college (freshman and sophomore year) or vocational school. The maximum amount of credit available is $1,650. The expenses that you may include in the calculation of this credit is basically just the cost of tuition.

    B.The Lifetime Learning Credit

    The Lifetime Learning Credit is available for all years of education past high school, and for courses to acquire or improve job skills. It's available for an unlimited number of years. The student does not need to be pursuing a specific degree or course of study to obtain the credit.

    Be aware, however, that if you file married separately, or if you can be claimed as a dependent on someone else's return (i.e., your parent's), you cannot claim either of the education tax credits. Both credits are subject to phaseouts depending on your income.

    Home Energy Efficiency Improvement Tax Credits

    Consumers who purchase and install specific products, such as energy-efficient windows, insulation, doors, roofs, and heating and cooling equipment in the home can receive a tax credit of up to $500.

    There is also available a credit equal to 30% of qualifying expenditures for purchase for qualified photovoltaic property and for solar water heating property used exclusively for purposes other than heating swimming pools and hot tubs. The credit cannot be more than $2000. Improvements must be installed in or on the taxpayer's principal residence in the United States. Home improvement tax credits apply for improvements made between January 1, 2007 and December 31, 2008.

    Be sure to visit the IRS website for further information on tax credits available. By keeping an

    Online Federal Income Tax Return Calculator 2008 - 2009

    Want to know how you can calculate your Federal income tax refund or return for free?


    Maybe you're wondering how much your tax refund will be, or you might want to know if you're going to owe money at tax time. If you would like to find out, then I suggest using an online Federal income tax refund - return calculator.


    To calculate your tax refund or return, you must first find a website with tax calculating software such as TurboTax Online. Start by creating a user account at the website you have selected. Now you'll be able to use their tax preparation program to calculate your taxes. Depending on your situation, this should take about 30 minutes or less to complete.


    You will be asked to enter information as you go, such as marital status, income, and deductions. Soon you will see the tax calculator at work, as you enter your income and deduction information. After your taxes have been calculated, it's time for a review. If you've missed a deduction, you can enter it in and put the calculator to work again.


    This is the best method I've found for figuring my tax refund in advance


    This year, when you're ready to start your Federal tax return, think about using an online income tax calculator to figure your tax refund, or money owed. You'll like seeing your refund amount being displayed as you go. You might even be alerted to a tax deduction you've missed, which means, more tax savings for you!


    Online Federal Income Tax Return Calculator 2008 - 2009

    Want to know how you can calculate your Federal income tax refund or return for free?

    Maybe you're wondering how much your tax refund will be, or you might want to know if you're going to owe money at tax time. If you would like to find out, then I suggest using an online Federal income tax refund - return calculator.

    To calculate your tax refund or return, you must first find a website with tax calculating software such as TurboTax Online. Start by creating a user account at the website you have selected. Now you'll be able to use their Free Federal Tax Preparation program to calculate your taxes. Depending on your situation, this should take about 30 minutes or less to complete.

    You will be asked to enter information as you go, such as marital status, income, and deductions. Soon you will see the tax calculator at work, as you enter your income and deduction information. After your taxes have been calculated, it's time for a review. If you've missed a deduction, you can enter it in and put the calculator to work again.

    This is the best method I've found for figuring my tax refund in advance

    This year, when you're ready to start your Federal tax return, think about using an Free Income Tax Online calculator to figure your tax refund, or money owed. You'll like seeing your refund amount being displayed as you go. You might even be alerted to a tax deduction you've missed, which means, more tax savings for you!