income tax calculation software free download

This booklet provides detailed information for doing your taxes, such as rules around tax credits and write-offs. OpenTaxSolver is meant to be used with the IRS's tax booklet, which is published yearly.

If you don't fall into any of these categories and want to do your taxes the open source way, continue reading to learn about OpenTaxSolver. Please share this information broadly-knowledge is power, and not everyone can (or wants to) use open source software to do their taxes for reasons including: (The IRS reminds you that 'you are responsible for determining your eligibility for one of the Free File Online offers.')

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. 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.

The software must be approved by the federal government.

Any such software must be supported either by a vendor or a community.

Software creators mush follow all security laws and compliance requirements.

Federal tax information (FTI) can be used in any open source software.

The Internal Revenue Service's (IRS's) Use of federal tax information (FTI) in open source software webpage offers a large amount of information, and it's especially relevant to anyone who may want to start their own open source tax software project. I spent about five hours a day for a week looking into open source options for doing your taxes, and I learned about a lot more than just tax software. Before I get into the software, let's take a step back and explore the US tax system. 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.

Income tax calculation software free download