There is a new way to file your federal and state taxes that claims to be easy and cheap. Whip out your iPhone or Droid to download TurboTax’s SnapTax and then file your taxes from the palm of your hand. The app is free to download but costs $15 when you file. The $15 covers both your state and federal 1040-EZ return.

The way it works is that SnapTax takes a picture of your completed W-2 (yes, you still have to fill it out), asks a few questions about your status, checks your math, then presents you with a “File Now” button. Tap it to file your tax returns electronically.

This works great for folks who have very, very simple returns. The price tag – $15 for both returns – is not bad, though if you make less than $58,000 you can file your taxes for free on a computer. You can also mail in your returns for free. Just remember to make a copy for your files!

My returns are too complicated to use SnapTax, but would you take advantage of something like this?