1040.com goes beyond the IRS’s limit of $66,000 for free filing, allowing users with up to $100,00 in adjusted gross income to have a free filing option. The service also has two additional tiers priced at $24.95 and $44.95 with added costs for state filings.
1040.com has been in business since 1977 under Drake Software, the parent company that builds tax software and business solutions for several companies in the industry. 1040.com makes it easy to file your taxes and get your tax return, as it was built by tax professionals. The website boasts that 175 people helped build the 1040.com online platform, and more than 21,000,000 tax returns were filed through the website in the last tax season.
When it comes to offers, 1040.com offers you several options, which you can see below.
You’ll file your return for free if you have a simple tax situation. Millions of taxpayers qualify for a free return.FREE File Now
- Single or married
- No children or dependents
- Taxable income less than $100,000
- Claiming the standard deduction
- W2 wages, salaries, unemployment income, or taxable interest under $1,500
- Taxable scholarships, fellowship grants, tips, or Alaska Permanent
- Fund dividends
- Earned Income Credit
- Add your state return for FREE.
You’ll pay this if your life is a bit more complicated. You know – kids, investments, child care, college, home ownership.$24.95 + $19.95 per state filed File Now
- Children and other dependents
- Investment or retirement income
- Family size, child care and education tax breaks
- Itemized deductions, such as real estate and property taxes, state income taxes, charitable donations, mortgage interest, and medical expenses
- Tax credit for retirement savings
- Deductions for educator expenses, alimony paid and IRAs
- Add your state return for $19.95.
You’ll pay this if you’re self-employed, such as a freelancer or contractor, or have other less common forms of income. Generally, this includes:$44.95 + $24.95 per state filed File Now
- Self-employment income and related business deductions
- Taxable income over $100,000
- Rental or Farming income
- Partner or Shareholder income issued on Schedule K-1
- Beneficiary income issued from an estate or trust on Schedule K-1
- Unreported tips
- All other less common income sources, credits and deductions
- Supported Forms
- Basic tax preparation: The company offers 1040, 1040A, and 1040EZ forms. Advanced tax preparation: They also offer forms like the Schedule C for profit or loss in business, the Schedule E for supplemental loss and income, and more.
Whether you use their online help, chat with a live person, or email their service team, they’ve got your back with friendly, timely assistance based in the U.S. There are many options for customers, and you will be able to choose what is best for you to get maximum help. The service has hyperlinks throughout the step-by-step process which provides pertinent information for users on the displayed topic. Users can search the knowledge base, contact support through live chat, or contact through email.
Overall, we would recommend going with another company if you are filing your taxes. Good things at 1040.com are the free filing option and one-time fee that covered state income tax filings, affordable premium tax filing products, good collection of blog articles that addressed a wide array of different issues, and easy-to-use tax forms system.
Bad things are "free" label which is a bit misleadng and only three service levels that do not include support for different types of taxing situations, such as farm income or other types of income tax.
For a single W-2 situation, 1040.com might be a good tax service to use. However, you might find that the website is a little bit cumbersome for larger tax situations. In complicated tax situations, it might be best to use a professional tax preparation service.