Tax season is approaching (already), and filing your taxes can feel overwhelming. Fortunately, there are several ways to file your taxes. And depending on your financial situation and needs, you may be able to file for free. Whether you prefer filing online directly with the IRS or using the help of a tax professional, the IRS offers multiple options to make the process easier. Here’s a breakdown of your options:
1. IRS Direct File
Did you know you can file your taxes directly with the IRS for free? The IRS Direct File program allows eligible taxpayers to file their taxes online without the need for third-party services. It’s a straightforward option if you qualify, saving you time and money.
How it works:
Check if you are eligible for IRS Direct File at https://www.irs.gov/filing/irs-direct-file
If eligible, you may be able to file directly with the IRS without any additional charges.
2. IRS Free File
If your adjusted gross income (AGI) is $79,000 or less, you can take advantage of the IRS Free File program, which provides free access to commercial tax preparation software. This service allows you to file your taxes electronically, making it faster and more convenient.
How it works:
Visit the IRS website https://www.irs.gov/filing/irs-free-file-do-your-taxes-for-free to see if you qualify and which partners you are eligible for.
Choose from several IRS-approved Free File partners.
Complete your tax return and submit it electronically.
For those with higher income: If your income exceeds $79,000, you’re still eligible for Free File Fillable Forms. This option lets you fill out your tax forms manually, and although it’s a bit more involved, it’s still a free way to file.
3. Get Free Tax Help from IRS-Certified Volunteers
If you earn $64,000 or less, have a disability, or are 60 years or older, you may be eligible for free tax preparation assistance through the Volunteer Income Tax Assistance (VITA) or Tax Counseling for the Elderly (TCE) programs. These IRS-certified volunteers can help you navigate your tax return, ensuring you get all the credits and deductions you’re eligible for.
Where to get help:
Find a VITA or TCE location near you by visiting: https://apps.irs.gov/app/office-locator/
Volunteers will assist you in preparing your tax return for free.
4. Tax Preparation Software
If you’re comfortable handling your taxes on your own, there are many options to file electronically. Some even offer free versions for simple tax returns. They often include features that can help you maximize your refund and ensure you don’t miss any important deductions or credits. Options include TurboTax, H&R Block, and TaxAct.
5. Large Tax Preparation Businesses
If you feel like you need a little extra help, you can seek the services of a large seasonal tax business, such as H&R Block or Jackson Hewitt. Most of these companies hire and train seasonal employees, so if you want more help throughout the year, this may not be the best option. However, if all you need is tax preparation, this may be a reasonable option.
6. IRS-Approved Tax Professionals
If your tax situation is more complex, or if you simply prefer having a professional handle your taxes, consider hiring a tax professional. You can search for tax professionals near you at https://irs.treasury.gov/rpo/rpo.jsf. They can guide you through the process, ensuring that your return is accurate and that you take advantage of every possible tax benefit. A word of caution, there is a shortage of tax professionals right now, so if you feel you are in need of one, it is recommended that you start looking for one as soon as possible.
Final Thoughts
Filing taxes doesn’t have to be stressful or expensive. Whether you choose to file directly with the IRS, use free software, or seek help from a volunteer or professional, there are options available to meet your needs. Be sure to explore all these resources and find the one that works best for you, so you can file with confidence this tax season.
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