Race Day Live Tax season is officially here, and if you made $84,000 or less last year, there’s good news for you. You can file your federal taxes for free using various online programs that the IRS partners with.
Filing taxes might seem stressful, but with these tools, the process can be easier and cheaper. Here’s everything you need to know about filing your taxes online for free.
What is the IRS Free File Program?
The IRS Free File Program is a partnership between the IRS and private tax companies. The goal is to make tax filing easier for those who may not have the budget for paid tax services.
If you made $84,000 or less last year, you can qualify to use these Free File programs to file your federal tax returns for free. Some of these services also offer free state returns, which can save you even more money.
The IRS has made the process more straightforward with their Free File Online Lookup Tool, which helps you find the best offer for your needs.
By using this tool, you can easily find out if you qualify for free filing and get redirected to the partner company’s website where you can complete your return.
This tool becomes available as soon as the IRS begins accepting and processing individual tax returns, which this year starts on January 27, 2025.
How Does the Free File Program Work?
The Free File Program works by connecting you with participating tax preparation companies that have agreed to offer free filing to eligible taxpayers.
Once you visit the IRS website, you will be directed to one of these companies. It’s simple: choose a program, follow the instructions, and you’ll be on your way to filing your taxes.
But, it’s important to note that these free services only cover federal returns. Some of the providers also offer free state return filing, but others may charge fees for state filings.
The key here is to carefully read the details before starting the filing process to avoid surprise fees. The IRS makes it clear that if you qualify for the Free File federal return offer, you should not be charged for preparing and e-filing your federal tax return.
Is Filing With a Free File Free?
Yes, according to the IRS, if you qualify for the Free File federal return offer, there should be no charges for preparing and e-filing your federal tax return.
However, some companies may charge fees for state tax filings, so it’s essential to check before proceeding. Some programs do offer free state tax filing, but this is not guaranteed.
The best way to ensure that you’re not paying extra is to use the IRS Free File Online Lookup Tool.
This will give you an accurate idea of what you can expect from each program. Also, keep in mind that the IRS Free File programs are only available for individuals who have an adjusted gross income (AGI) of $84,000 or less. If you earn more than that, you will need to explore other options for filing your taxes.
Are These Free Filing Programs Safe?
One of the biggest concerns when it comes to filing taxes online is security. The IRS has confirmed that these Free File programs are safe to use.
Your tax return information is sent securely to the IRS, protecting it from unauthorized access. The companies offering these free services are also required to follow strict privacy rules set by the Federal Trade Commission and the IRS e-file regulations.
These companies cannot use your tax return information for anything other than filing your taxes, and they must get your consent if they want to share your data.
This is crucial for protecting your personal and financial information while you file your taxes online.
Read More:
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What Are the Benefits of Using IRS Free File?
- It’s free: If you qualify based on your income, there are no charges for preparing and filing your federal tax return.
- It’s easy: The IRS Free File program works with many online tax preparation companies, so you can pick the one that best fits your needs. The process is straightforward and designed to be user-friendly.
- Secure: Your information is safely transmitted to the IRS, and the tax companies follow strict privacy rules.
- Helps you get your refund quickly: Filing online can speed up the process and help you get your tax refund faster, especially if you choose to have it deposited directly into your bank account.
How to Use the IRS Free File Program?
Using the IRS Free File program is simple. Here’s a step-by-step guide:
- Check your eligibility: If your income was $84,000 or less last year, you’re eligible to use Free File for your federal tax return. The IRS Free File Online Lookup Tool can help confirm your eligibility.
- Choose a program: Once you confirm your eligibility, you can choose from the list of participating companies. Each program will walk you through the process, helping you fill out the necessary forms and documents.
- Complete your tax return: Follow the instructions provided by the company you selected. You’ll be asked to input your income information, claim any deductions or credits you’re eligible for, and finalize your tax return.
- File your return: After reviewing everything, you can submit your return electronically through the IRS e-file system. If you’re due for a refund, you can choose to have it directly deposited into your bank account for faster processing.
- Confirm your filing: The IRS will send you an acknowledgment once your return is successfully submitted. This means your taxes have been filed and you can track your refund status online.
Conclusion
Filing taxes doesn’t have to be expensive or difficult. If your income was $84,000 or less last year, the IRS Free File program offers a simple, secure, and free way to file your federal tax return.
Be sure to use the IRS Free File Online Lookup Tool to find the right program for you. With these free tools, you can get your taxes filed quickly and securely without worrying about high fees.
Disclaimer- Our team has thoroughly fact-checked this article to ensure its accuracy and maintain its credibility. We are committed to providing honest and reliable content for our readers.
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