Product Details
The 1040 Basic Product is designed for all tax filers, including those with dependent children. The primary source of income is from wages, pensions, social security, scholarships, unemployment or taxable interest. If you have moved in pursuit of a new job, taken an early withdrawal for your IRA, or are claiming the Child Care Credit, the 1040 Basic product will fit your needs. Start your 1040 Basic Tax Return today and enjoy the benefits of Taxbrain.

1. You only had income from the following sources:
1. Wages, salaries, tips.
2. Interest and ordinary dividends.
3. Capital gain distributions.
4. Taxable scholarship and fellowship grants.
5. Pensions, annuities, and IRAs.
6. Unemployment compensation.
7. Taxable social security and railroad retirement benefits.
8. Alaska Permanent Fund dividends.
2. The only adjustments to income you can claim are:
1. Educator expenses.
2. IRA deduction.
3. Student loan interest deduction.
4. Tuition and fees deduction.
3. You do not itemize deductions.
4. Your taxable income (line 27) is less than $100,000.
5. The only tax credits you can claim are:
1. Child tax credit.
2. Additional child tax credit.
3. Education credits.
4. Earned income credit.
5. Credit for child and dependent care expenses.
6. Credit for the elderly or the disabled.
7. Retirement savings contributions credit.
6. You did not have an alternative minimum tax adjustment on stock you acquired from the exercise of an incentive stock option.
7. You can also use Form 1040A if you received advance earned income credit (EIC) payments, dependent care benefits, or if you owe tax from the recapture of an education credit or the alternative minimum tax.

The Benefits of Taxbrain

Unmatched Free Customer Support Taxbrain has free live chat, phone support and secure email. Our well trained tax support team can answer your questions and help you get the most out of Taxbrain.

No Gimmicks - Only Pay for What You Use Unlike other tax preparation sites, Taxbrain lets you prepare and e-file unlimited federal returns with one simple user account. You only pay when you are ready to e-file or print your tax return and we only charge you for the forms you need.

100% Accuracy Guarantee We stand by our calculations. If the Taxbrain online tax program makes a calculation error in the preparation of your return, we'll pay the penalty & interest

Online Storage Have peace of mind that your tax returns will be stored safely & securely for 5 years, with our "Safe Keeping" option. Access and print your tax returns 24 hours a day, 7 days a week, wherever you are.

Audit Assistance If you are audited and required to appear before any federal or state tax authority, you'll get the professional assistance you need. If we incorrectly prepare your return, we will pay the additional tax assessment, it's that simple.

Guaranteed Security You Can Trust Taxbrain Guarantees the security of our online service. Rest assured; your information is always safe and secure with Taxbrain.

Built on 35 Years of Experience Taxbrain, a service of Petz Enterprises, Inc. (PEI), is built on 35 years of experience in providing customers with industry leading solutions for tax preparation, electronic filing and tax-related financial services.

State Returns Complete your resident and non-resident state tax returns when you prepare and e-file your federal tax return. Taxbrain offers e-file and direct deposit with all states that have it available.

Prior Year Taxbrain is the ONLY tax service offering online tax preparation for Prior Year Income Tax Returns up to 2011.

E-file Return Get your federal tax refund the fastest way possible when you e-file. Taxbrain has been an authorized IRS e-filer since 1989 and e-file is always free when you prepare your tax return online with Taxbrain.

Military Discount Receive a 20% military discount when you prepare and file your tax return online with Taxbrain.