You may not have to spend a dime to file your taxes electronically. Seventy percent of Virginia taxpayers qualify to use Free File.
Governor McAuliffe, state leaders, the Computer and Communications Industry Association, and tax software companies came together at the Virginia Library to encourage you to use Free File for both your federal and state tax returns. They also offered a class on how to use it.
If you make less than $62,000 a year, you may qualify to use Free File. The program includes a variety of tax software programs you can choose from, including TurboTax, TaxACT, H&R Block, OLT, and 1040.com.
Using software programs can help taxpayers take advantage of credits, such as the Earned Income Tax Credit, which can return up to $6000 a year to qualifying families. Governor McAuliffe said twenty-five percent of qualified families miss out on the credit because they don't know to take it.
McAuliffe also emphasized that electronic tax filing saves the state money.
"We saved about $1.3 billion in tax payer preparation costs on over 40 million returns that used Free File. Just an extraordinary number," said McAuliffe.