FreeFile is a no-cost way to figure your taxes online and submit your federal return electronically. FreeFile for 2013 returns opens on January 17, 2014 (although the IRS will not begin to process individual income tax returns until January 31, 2014. FreeFile can be used by those with adjusted gross income up to $58,000 (last year the income limit was $57,000). About 70% of all taxpayers are eligible for this service.
Those with income over $58,000 can use Free File Fillable Forms starting on January 31, 2014. This no-income option allows taxpayers who do not need preparation assistance to complete and file their federal income tax electronically. There are no income limitations to use Free File Fillable Forms.
Advance payment of current tax liability based either on wage withholdings or installment payments of your estimated tax liability. To avoid penalties, you generally must pay to the IRS either 90% of your final tax liability, or either 100% or 110% of the prior year’s tax liability, depending on your adjusted gross income.