Is there Open Source Tax Filing Software?

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Is there open-source tax-filing software?

OpenTaxSolver is an open source application for US taxpayers to calculate their state and federal income tax returns in a way TurboTax users will find familiar. Before I get into the software, let's take a step back and explore the US tax system. One other reason researching this topic was rather difficult (but ultimately rewarding) is that, by federal law, the major tax software companies are required to provide their services for free to any person earning under $69,000 per year. About 70% of Americans fit into this category, and if you are one of them, you can check the IRS's free file webpage for links to free filing software from well-known companies. (The IRS reminds you that "you are responsible for determining your eligibility for one of the Free File Online offers.") OpenTaxSolver cuts down on tax calculations when you fill out your tax forms and simplifies the hardest part of doing your taxes. the math. You still have to fill in your data and turn the paperwork in, but using the software means you can do it in about half of the time. Since OpenTaxSolver is running in beta, you have to double-check all of your number entries and information against the official IRS tax booklet after you use the software.

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You still have to complete the IRS form and wait for it to be processed before OpenTaxSolver will tell you the final result. Still, with more than 90% of the calculations the same whether you use OpenTaxSolver or TurboT ax, a “free” tax software solution isn't going to feel good. The software is easy to learn. Unlike other tax software solutions, it is not about memorizing a complicated series of numbers (that is why it is called 'math'). You will need to use the program's interface in a few steps, but once you get the hang of it, even those who haven't used an Excel spreadsheet in a while should be able to use OpenTaxSolver. OpenTaxSolver is free. Although there are no monthly fees (or minimums for the software), OpenTaxSolver is free to use and there is no need to pay for it if you just want to save.