Free Online Tax Filing For Low/Moderate Income Families Supported by Walmart Foundation

With Tax Day looming and consumer stress levels rising, I wanted to suggest a piece on the free online tax filing and tax prep services offered by MyFreeTaxes.com.  Supported by the Walmart Foundation, One Economy and United Way, MyFreeTaxes.com allows consumers who made under $57,000 in 2010 to prepare and file their federal AND state taxes for free through the MyFreeTaxes.com web site.

Now in its third year, the MyFreeTaxes.com campaign also offers qualifying taxpayers free, in-person tax preparation guidance at local tax help centers nationwide or via the campaign’s National Tour vans, which are making stops in communities across the U.S.  With the goal of empowering low and moderate-income families to maximize their potential refunds and take full advantage of any credits they are eligible to receive, the campaign isexpected to help return an estimated $1.75 billion to taxpayers though refunds, credits and tax prep savings.

New for this year’s campaign, MyFreeTaxes.com has also developed a free mobile phone app for iPhone and Android smartphones that allows consumers to determine whether they qualify for the Earned Income Tax Credit (EITC).  Each year 25% of eligible families fail to claim the EITC.  Many are due money back even if they don’t owe any taxes!  The app, called MyTaxBack, is available at: http://mytaxback.apps.one-economy.com/share.