Streamline Your Tax Filing with Free Options
Are you ready to file your taxes and receive your refund? This year, the federal government is making it easier and more affordable with free filing options from the Internal Revenue Service (IRS).
Simplified Tax Preparation
Gone are the days of tedious tax forms and confusing schedules. The IRS has streamlined the tax return process, offering free filing options through its partnership with the Free File Alliance. Eligible taxpayers with an adjusted gross income (AGI) or taxable income of less than $84,000 in 2024 can take advantage of this free federal tax preparation software.
Free File Options for All
In addition to the IRS Free File program, popular tax brands like H&R Block, Turbo Tax, Tax Slayer, and TaxAct Free offer free options for individuals with straightforward tax filings. These software options are best suited for those who don’t itemize expenses, don’t own a business, and don’t require extensive adjustments.
Community-Based Tax Help
Volunteer Income Tax Assistance (VITA) is a program that provides free tax preparation to low- and moderate-income taxpayers. This community partnership offers in-person, free tax help at convenient locations around the country. Eligibility requirements include income of $67,000 or less, having a disability, or being a limited English speaker in need of tax filing assistance.
Tax Counseling for the Elderly
A sister program to VITA, Tax Counseling for the Elderly (TCE) provides free tax preparation services to older taxpayers. Many TCE sites are run in cooperation with the nonprofit AARP Foundation Tax-Aide program. These programs are best suited to simple tax returns for those who receive a pension or have retirement-related concerns.
Military Members and Veterans
Military members, their families, and some veterans may qualify to have taxes filed for free through MilTax, the Department of Defense’s free tax software. This software is specifically geared toward concerns such as combat wages, deployment situations, multi-state filings, and housing or rental concerns.
Direct File Program
If you’re an American who resided in one of 25 states in 2024, you may be eligible to file your taxes directly with the IRS and get a quicker turnaround on your direct deposit refund through the Direct File Program.
Calculating Your Adjusted Gross Income
Deciding which free tax filing option is best involves checking your adjusted gross income or taxable income. Fortunately, calculating your adjusted gross income is a fairly simple formula. Total the income you’ll report, such as wages, dividends, and interest from savings accounts, then subtract any deductions, credits, or adjustments you’re eligible to take.
State-Specific Free Tax Filing Options
Some states offer free tax filing assistance for both federal and state returns, usually tied to lower-income households via a partnership with a third-party tax preparation provider. Check your state’s department of revenue website for details about any free tax prep programs you may qualify for.
Get Started with Free Tax Filing
With the expansion of free tax filing options, you can find a program that meets your needs. Whether you’re a low-income taxpayer, a military member, or simply looking for a hassle-free filing experience, there’s a free option available. So why wait? Get started today and take advantage of these cost-effective solutions.
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