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How to File Taxes for Free using IRS Free Tax File

How to File Your Taxes for Free with IRS Free File

Filing taxes is one of the most tiresome tasks you’ll ever do, but it’s a requirement by law to do it annually, even as tax requirements and laws change. You can enlist a tax specialist’s help or pay for tax preparer software services to maximize your refund and reduce your tax burden. But not everyone needs or wants a tax professional or software. About 70% of United States citizens don’t need to pay for tax preparation which translates to roughly 100 million Americans. If your tax structure is simple or you’re in a particular income bracket, you qualify for free federal tax services. This article outlines ways to fill your taxes for free using the IRS website.

IRS FREE FILE PROGRAM

Click Here to Go to IRS Free File Program Now

Many Americans are eligible for free tax filing through the IRS free file program. This program is a public-private partnership between IRS and the Free File Alliance. Free File Alliance is an online group of tax preparers with online software such as TaxAct, TurboTax, FreeTaxUSA, and many more. In 2020, nearly 4.2 million people used the IRS free file program to file their 2019 taxes, representing a 50 percent increase from the previous year. If you had an annual gross income of less than $72,000 in 2020, you are eligible to use the IRS free file program to submit your federal taxes for free. Also, some programs from the Free File Alliance allow users to file state taxes for free. The software normally includes step-by-step guidance and help for filers.

According to experts, this year is particularly important for Americans to know about the IRS free file program, especially for people who didn’t get the right amount of economic impact payment and who didn’t get any first and second stages. Low-cost tax filing will be extra important for Americans this year who suffered due to the COVID-19 pandemic and lost their livelihood. To file with the IRS free file program, you must go to the IRS site, not straightaway to tax the preparer site.

Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE)

Volunteer Income Tax Assistance and also Tax Counseling for the Elderly are free tax preparation services offered by the agency. They generally cater to low-income earners who make $57,000 or less, limited English speakers, people with disabilities, and those over 60-years-old; tax experts from IRS volunteer their time to assist eligible people in planning and filing tax returns.

Free Fillable Forms Program

The free fillable forms program is for people who make more than $72,000 annually. This program requires you to prepare taxes yourself by filling online tax forms with your information, and it only does basic calculations of the numbers you input in the forms. It also does not have step-by-step instructions or guidance, and also it is only available for federal tax fillings. The free fillable forms program is only a good option if you have time and are comfortable filing your own taxes.