How Much Does It Cost to File Your 1040?


Quick Answer

The Internal Revenue Service provides free electronic filing, as shown at IRS.gov. Downloadable forms and instructions are also free. Submitting the completed forms to the IRS does not cost money beyond postage for mailed forms.

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Full Answer

While filing is free, the majority of people pay for the assistance using tax software or a tax preparer, according to Experian Marketing Services. In 2011, people doing their own taxes manually accounted for only 8.7 percent of taxes filed. In particular, software use has increased, even cutting into tax preparer use. Tax software offers various forms of help, including assistance for various tax circumstance, error checking and other benefits, notes PC Magazine. Software to prepare 1040EZ or 1040A is available for free. For those who prefer having a person prepare taxes, rates averaged between $125 and $233 in 2012, explains Forbes.

People owing money who pay with a debit or credit card pay services fees, according to the IRS. Debit card use entails a small flat fee, generally under $3.00. Credit card payments charge around 2 percent of the amount paid. The fees are for processing the transaction, and the IRS does not receive any money from these fees.

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