TaxAct Free Edition allows you to prepare, print and efile your federal tax returns for free. TaxAct handles all basic IRS forms including 1040, 1040EZ, and 1040A. With TaxAct, you receive your tax return by direct deposit — you’ll have money in your account in as little as 8 days.

TaxAct is exceptionally easy to use. TaxAct has terrific step by step videos, free online tax guidance, and guarantees 100% accurate calculations. Also, TaxAct has one of the cheap state efiles - only $13.95 for your state efile.

TaxAct 2008 is available as an online application, where you can file your taxes directly from your web browser. Additionaly, you may also download TaxAct software and process your tax forms offline. TaxAct Standard 2008 can be downloaded free, or you can request a free CD in the mail.

We’ve always been a fan of TaxAct — it is easy to use and it is affordable. It is a best bet for anyone with a somewhat simple financial situation.

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So, you’re eager to get your tax return in so you can get that big refund. Or maybe you want to save yourself from stress of filing a last minute tax return. Well, good news, you can start filing your taxes as early as January 1. The leading tax software, TurboTax and H & R Block at Home, are now available for download.

In order to file your taxes, you’ll need your W2 or 1099 forms from all employers you’ve worked for in the past year. Businesses are required to mail these by the end of January — but you may receive these earlier if you employer’s accountant is really on top of things. Once you have these forms from your employer, you can efile your state and federal taxes online. Note that some efile programs (such as TaxAct), will not be available until the second week of January.