DIY : Income Tax

I have been thinking a lot about income tax. Dumping a big chunk of money on to my debt is great fodder for daydreams.

What bursts my little daydreaming bubble is the thought of paying $300+ to have my taxes done.

Each year, we go to H&R Block... because we always have. We get the rapid refund... because we always have. No thought, just an automatic "Yes please!" Talk about stupid tax!

Last year while sitting in the office watching the nice gentleman fill in the blanks on the computer program, we had an epiphany. Why in the world were we paying someone to do something we could easily do at home?

Not wanting to wait until the last second, I decided to start looking around for income tax preparation software.

There are plenty out there. Being the cheapskate frugal minded person that I am, I of course looked for the cheapest. It turns out, the cheapest is also the highest rated. Go figure!

We have a pretty straight forward return (we aren't self employed, don't own rental property) so you should look around and see which TaxACT product is best for you.
Compare TaxACT products

For us, it is the TaxACT Online Ultimate Bundle For $16.95 you get both Federal & State Tax Form Software, free e-file (Turbo Tax charges $17.95 per return!) free tech support and best of all, 100% accuracy guaranteed (If you are assessed a penalty due to a calculation error in TaxACT Online Deluxe, they'll pay the penalty & interest.)

Don't forget! If you earned $54,000 or less in 2007, you can use Free File to prepare your taxes online beginning in mid-January 2008.

(Photo from flickr)