Question 1

Is OLT.com really free to file federal taxes?

Accepted Answer

Yes. OLT.com allows all U.S. taxpayers to file their federal income tax return for free, regardless of income level, filing status, or tax situation. There are no hidden fees and no income caps. State returns are available for $9.95 per state. For taxpayers who want additional support, the Premium Edition is available for $7.95 per return and includes phone support, live chat, audit assistance, and priority processing. OLT.com is an IRS-authorized e-file provider with a 100% accuracy guarantee.

Question 2

What tax forms and schedules does OLT support?

Accepted Answer

OLT supports all major IRS forms and schedules needed to file a complete federal tax return for tax year 2025. This includes Form 1040, Form 1040-SR for seniors, and Form 1040-NR for nonresident aliens. OLT also supports Schedule A (itemized deductions), Schedule B (interest and dividends), Schedule C (business income), Schedule D (capital gains), Schedule E (rental and royalty income), Schedule SE (self-employment tax), and the new Schedule 1-A for 2025 deductions on qualified tips, overtime pay, car loan interest, and the enhanced senior deduction. Additional forms include Schedule 8812 for the Child Tax Credit, Form 8962 for the Premium Tax Credit, Form 8863 for education credits, and Form 1099-series reporting.

Question 3

What changed in tax year 2025 that affects my return?

Accepted Answer

Tax year 2025 introduces several important changes. The new Schedule 1-A allows taxpayers to claim deductions for qualified tips (up to $25,000), qualified overtime compensation, car loan interest on passenger vehicles, and an enhanced deduction for seniors born before January 2, 1961 (up to $6,000 per person). The Child Tax Credit has increased to $2,200 per qualifying child, with the Additional Child Tax Credit maximum at $1,700. The SALT deduction cap has risen to $40,000. Digital asset sales are now reported by brokers using the new Form 1099-DA. The maximum income subject to Social Security tax is $176,100 for 2025. The filing deadline for most taxpayers is April 15, 2026. OLT automatically applies all of these updates when you file.

Question 4

Who can file their taxes with OLT.com?

Accepted Answer

OLT.com supports a wide range of tax situations for U.S. taxpayers. This includes W-2 employees, self-employed individuals and freelancers who file Schedule C, gig workers who receive 1099-NEC or 1099-K income, retirees reporting Social Security benefits and IRA withdrawals, students claiming education credits, families claiming the Child Tax Credit and Earned Income Credit, investors reporting capital gains and cryptocurrency transactions, rental property owners reporting Schedule E income, and small business owners. OLT covers all federal filing statuses: Single, Married Filing Jointly, Married Filing Separately, Head of Household, and Qualifying Surviving Spouse.

Question 5

How does filing with OLT.com work?

Accepted Answer

Filing with OLT.com is a straightforward online process. First, create a free account at OLT.com. Then enter your personal information, import or manually enter your W-2s and 1099 forms, and follow the guided step-by-step interview that walks you through income, deductions, and credits. OLT calculates your estimated refund or amount owed in real time before you submit. When you are ready, OLT e-files your return directly with the IRS as an authorized e-file provider. Refunds are typically deposited into your bank account within 21 days of IRS acceptance. The Premium Edition adds phone and live chat support, audit assistance, year-over-year comparison, and priority processing for $7.95 per return.

Question 6

Where can I find tax guides and educational resources?

Accepted Answer

OLT provides a comprehensive Tax Knowledge Base at kb.olt.com with detailed articles, form-by-form guides, and educational content covering every aspect of federal and state tax filing. Topics include a complete Form 1040 filing guide, the new Schedule 1-A deductions for 2025, guides to the Child Tax Credit (Schedule 8812), reporting interest income (Form 1099-INT), understanding additional taxes (Schedule 2), and state-specific tax resources for all 50 states. You can also visit the OLT Tax Corner for seasonal tips, tax news, and deadline reminders. For personalized tax advice, consult a licensed tax professional.

State	Filing due date
Alabama	April 15, 2026
Alaska	No State Income Tax
Arizona	April 15, 2026
Arkansas	April 15, 2026
California	April 15, 2026
Colorado	April 15, 2026
Connecticut	April 15, 2026
Delaware	April 30, 2026
District of Columbia	April 15, 2026
Florida	No State Income Tax
Georgia	April 15, 2026
Hawaii	April 21, 2026
Idaho	April 15, 2026
Illinois	April 15, 2026
Indiana	April 15, 2026
Iowa	April 30, 2026
Kansas	April 15, 2026
Kentucky	April 15, 2026
Louisiana	May 15, 2026
Maine	April 15, 2026
Maryland	April 15, 2026
Massachusetts	April 15, 2026
Michigan	April 15, 2026
Minnesota	April 15, 2026
Mississippi	April 15, 2026
Missouri	April 15, 2026
Montana	April 15, 2026
Nebraska	April 15, 2026
Nevada	No State Income Tax
New Hampshire*	April 15, 2026
New Jersey	April 15, 2026
New Mexico	April 30, 2026
New York	April 15, 2026
North Carolina	April 15, 2026
North Dakota	April 15, 2026
Ohio	April 15, 2026
Oklahoma	April 20, 2026
Oregon	April 15, 2026
Pennsylvania	April 15, 2026
Rhode Island	April 15, 2026
South Carolina	May 1, 2026
South Dakota	April 15, 2026
Tennessee	No State Income Tax
Texas	No State Income Tax
Utah	April 15, 2026
Vermont	April 15, 2026
Virginia	May 1, 2026
West Virginia	April 15, 2026
Wisconsin	April 15, 2026
Wyoming	No State Income Tax

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