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The inexpensive way to prepare your taxes

The inexpensive way to prepare your taxes
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It's bad enough that you're about to hand over your hard-earned money to the government. But, you also have to pay to do your taxes online. Except, there is a truly free alternative to paid tax prep websites.

We're not talking about a site that lures you in to file your federal taxes for free, then charges you to file a state tax return. This one is free for both the IRS and for your state taxes, if you're using form 1040EZ or 1040A.

TaxAct asks you a series of questions, and fill-in-the-blank questions to help you fill out your tax return. It's no-frills compared with other software.

But it'll get the job done, especially if your finances aren't complex. That includes college students, part-time employees, or even full-time employees without many expenses or investments.

Note: Pay attention to its fee to file your state taxes as you're answering TaxAct's initial questions. It starts off at $0, but could go up, depending on your financial situation, marital status and other criteria.

Next page: TaxAct's low-cost options
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