More than 1 in 3 taxpayers making less than $50,000 a year paid for a tax preparation professional or company last year even though they may have qualified for free tax software filing, a recent NerdWallet survey showed. At TurboTax, we say “Why pay when you don’t have to?” We want you to keep your hard earned money where it belongs: with you! Luckily, you can still file for free with TurboTax Free Edition! Millions of hard-working Americans have filed their federal and state taxes for free, and you can get started today.
The online survey, commissioned by NerdWallet and conducted by Harris Poll among more than 1,800 U.S. adults, also found that software is the most popular tax preparation method in America. Nearly half (44%) of taxpayers who filed federal income taxes last year used tax software to prepare and file their taxes, and it makes sense given the survey found most taxpayers aren’t knowledgeable about general tax concepts. Out of eight questions about IRS rules for common deductions, retirement and education savings plans, taxpayers as a group correctly answered only 25% of the questions. And nearly half of taxpayers (46%) don’t know what tax bracket they’re in — or what a “tax bracket” is.
That’s the beauty of programs like TurboTax: you don’t have to worry about know about the tax code! TurboTax will ask simple questions about you and help you easily file your taxes. And if you’re self employed, TurboTax has TurboTax Self-Employed that helps you uncover deductible business expenses that you didn’t even know existed. So even if you don’t know ANYTHING about taxes, you can get started to day and file with confidence.