You can file the Basic package if all the following are true:
- Your income is only from:
- Wages, salaries, tips
- Interest and ordinary dividends, including Alaska Permanent Fund dividends
- Capital gain distributions
- Taxable scholarship and fellowship grants
- Pensions, annuities and IRAs
- Unemployment compensation
- Taxable Social Security and railroad retirement benefits
- Your adjustments to income are only from:
- Educator expenses
- IRA deduction
- Student loan interest deduction
- Tuition and fees deduction
- You do not itemize deductions
- Your taxable income is less than $100,000
- You did not have an alternative minimum tax adjustment on stock acquired from the exercise of an incentive stock option
- The only tax credits you claim are:
- Child and Dependent Care Credit
- Elderly or Disabled Credit
- Child Tax Credit
- Additional Child Tax Credit
- Education credits
- Retirement Savings Contribution Credit
- Earned Income Credit
State Preparation is Automatic!
After you complete your federal tax return, your information will automatically create the needed state tax return(s) based on any income you might’ve received from those states. Answer a few simple questions related to your state and you’re done. If you need more than one state, click on States in the left menu to add more.
The state fee is only $19.95, which covers as many states as you need to prepare and e-file.