Starting on January 17th, 2012 the IRS will begin accepting tax form from Americans. Many will ask the question “what does my adjusted gross income (AGI) have to be under to file taxes free for 2011?” It is important to note that all tax forms are available online for free but to use the commercial tax preparation software companies for free the AGI must be under $57,000.
By doing a little bit of research on Turbo Tax, H&R Block, TaxSlayer and all the other tax preparation software websites individuals will be able to better understand if they can free file in 2012. If you are hoping to file early in 2012 remember that the IRS will not start accepting the appropriate tax forms until January 17th, which happens to be the Tuesday after Martin Luther King Day.
By accessing the IRS.gov website most hard working Americans will find many free resources that will help educate them on top tax issues. The frequently asked questions page is very important for those who are looking to file taxes efficiently in 2012. Remember that tax preparation software companies offer free resources but they will also offer suggestions. Most of the time these suggestions will cost money somewhere along the process.
It is also important to remember that the tax deadline for 2012 will fall on Tuesday, April 17th. Many may not realize this but April 15th falls on a Sunday so the IRS is willing to give taxpayers until Tuesday to file their taxes. Monday, April 16th is Emancipation Day which is the reason the final day to file will fall on April 17th.