What is the Earliest Date I Can File My Taxes for 2014?
Online eFile services including TurboTax and H&R Block at Home have their 2014 tax filing software released online and both services are already accepting tax returns for 2014. The IRS usually begins processing tax returns in mid- to late-January. Last year, due to last minute tax law changes, the IRS began processing eFiled tax returns on January 31.
If you complete your tax return with TurboTax or H&R Block now, as soon as the IRS is ready to accept your return, your taxes will be automatically eFiled for you. If you’re eager to get your tax refund this year, get your eFile submitted early before the IRS accumulates a backlog of returns.
Please also see our 2014 – 2015 Tax Calendar for more important tax filing dates including tax due dates and when you should expect to receive tax forms from your employer.
What do I need to file taxes?
In order to file taxes, you must have all your tax forms from your employer in hand — that is any W2s or 1099s from all jobs you worked in the past year. If you know your exact income, and know all your employer information (you can get all necessary information from last year’s W2), you can start your online tax filing without these forms in hand.
If you are looking to get ahead of the game, even without your employer’s tax forms or information, you can still get started on your personal deductions, expenses, and personal information using online tax filing.
Best Free eFile Tax Programs
The first step in filing your taxes online is to choose an tax eFile program. Many are free for Federal returns, and charge a fee for state tax filing. We recommend the following tax software:
- TurboTax - Free Federal eFile (read our review)
- H&R Block At Home – Free Federal efile, State Additional (read our review)
Both TurboTax and H&R Block at Home offer great solutions no matter the complexity of your tax returns. For basic filers with limited deductions, the free versions of these programs will be acceptable. But if you run a small business, have a lot of investments, or a lot of deductions, you will want to upgrade to a more comprehensive package.