Time is closing in fast on April 15th. This means many of you may be scrambling to finish your 2007 taxes. At Save Money.com we have articles focusing on saving you money on your taxes. Do you want to file your taxes online? The IRS site has a free file service for those who qualify.

If your adjusted gross income was $54,000 or less in 2007, you can use Free File to prepare and e-file your taxes online. If you need more time to file your return, some companies also offer free preparation and e-filing for Extensions (Form 4868). [Source: IRS.gov site]

So if you qualify why not use their service. We have compiled a few other helpful tips to make your date with the tax man less difficult.

1. Before you begin crunching numbers, pull all your 2007 tax forms, including your W-2s, 1099s, 1098s, and receipts. Once you have everything in front of you, the online forms should be easier to fill out.
2. Use the Free File service from the IRS if you can. We also have a list of links available under Taxes on our Resource page.
3. Look over your previous year’s taxes to see acquaint yourself with what you did last year. Examples are our greatest teachers.
4. Consider using the direct deposit method to receive your 2007 tax return. The service grants you quick access to your refund check. The difference could mean a couple weeks to a month’s time.
5. If you earned less than $12,590, then you may be eligible for an earned income credit. This credit means you receive money even if you are not owed any in a refund.

If you’ve waited til the last minute, and realize you cannot file on time, then you can ask for an extension. If you have everything in order, you may save some money and receive a little back this year. Good luck to you all!