Tax season is upon us, and filing your taxes just got a whole lot easier (and cheaper)! The IRS Free File program officially opened on January 10, 2024, offering millions of taxpayers the chance to file their taxes for free. Whether you're a first-time filer or a seasoned taxpayer, this program can help you save time, money, and hassle.
In this blog, we’ll walk you through everything you need to know about IRS Free File, from how it works to who is eligible, and how to take full advantage of the tax benefits available to you.
What is IRS Free File?
IRS Free File is a partnership between the IRS and private tax software companies, offering free online tools to help you file your federal taxes. The service is available to taxpayers with an Adjusted Gross Income (AGI) of $84,000 or less, and it's designed to make filing taxes quick, easy, and affordable.
This year marks the 23rd season of IRS Free File, and it’s been helping millions of Americans file their taxes without the stress of costly fees.
Who Can Use IRS Free File?
To use IRS Free File, your AGI (your total income after adjustments) must be $84,000 or less. If you meet this requirement, you can access a range of trusted IRS Free File partners that provide free federal tax filing. Plus, some of these partners even offer free state tax filing!
If your AGI is above $84,000, you can still use Free File Fillable Forms, which are electronic versions of the IRS paper forms. But remember, these forms are best for those comfortable with the tax process and can follow IRS instructions on their own.
How to Get Started with IRS Free File
Filing your taxes with IRS Free File is as easy as 1-2-3! Here’s how you can get started:
Go to IRS.gov/freefile: Head over to the official IRS website to find the IRS Free File page.
Explore Your Options: Use the “Explore Free Guided Tax Software” button to find the right partner for your needs. The page will provide a list of available software tools based on your eligibility, income, and filing preferences.
Choose the Right Product: Once you’ve found a software provider that fits your needs, click on the link to begin your tax return. You’ll be taken to their website to fill out the necessary forms and file your return.
File Your Taxes for Free: Complete your tax filing, and submit it electronically. You can even file your state taxes for free with some providers!
Why Should You Use IRS Free File?
The IRS Free File program isn’t just about saving money—it also provides a fast, secure, and easy way to file your taxes. Here are some benefits:
Free Filing: For taxpayers with an AGI of $84,000 or less, IRS Free File provides 100% free federal tax filing.
Claim Valuable Tax Credits: One of the best things about IRS Free File is that it makes it easier to claim valuable tax credits, such as the Earned Income Tax Credit (EITC) and the Child Tax Credit. These credits can put more money back in your pocket—sometimes, even if you don’t owe any taxes!
Filing Made Easy: With IRS Free File, you’ll have access to guided tax software, which means you don’t have to figure it all out on your own. The software will ask you questions, walk you through the process, and help you complete your return accurately.
Access on Mobile Devices: You don’t need a desktop computer to file your taxes. IRS Free File products work on smartphones and tablets, allowing you to file your taxes from anywhere.
Get Help with Tax Credits
Many taxpayers may qualify for tax credits that can reduce the amount of tax they owe or even increase their refund. One of the most significant credits available is the Earned Income Tax Credit (EITC), which is designed to help low- to moderate-income workers.
If you’re eligible for the EITC, it could mean hundreds or even thousands of dollars in your pocket. IRS Free File can help you determine if you qualify for this credit, and the software guides you through the process of claiming it.
Another important tax credit is the Child Tax Credit. If you have dependent children, you may be able to claim a significant tax benefit, and IRS Free File can help ensure you get the full amount you're entitled to.
How to Find the Right IRS Free File Product
Not sure which IRS Free File partner to use? Don’t worry, the IRS has made it easy to find the right product for you.
Go to IRS.gov/freefile.
Click on “Explore Free Guided Tax Software” to get started.
Use the “Find a Trusted Partner” tool to choose a product that suits your needs.
Once you’ve found the right provider, follow the instructions to begin your tax filing.
A Special Offer for Military Personnel
If you're an active-duty military member with an AGI of $84,000 or less, you can also file your federal taxes for free through IRS Free File. The IRS is committed to supporting military families, making it easier for them to file their taxes without additional costs.
Start Filing Your Taxes Today
Even though the official tax season starts later this month, IRS Free File allows you to prepare and file your return right now. You can prepare your return early and hold it until the IRS starts accepting submissions later in January. This is a great way to get a head start on your taxes and ensure you don’t miss out on any important deadlines.
Conclusion
The IRS Free File program is an excellent resource for millions of taxpayers who need a simple and affordable way to file their taxes. Whether you’re eligible for credits like the EITC or need to file your state taxes, this program can help you do it all at no cost.
Don't wait until the last minute—head to IRS.gov/freefile today and start your tax filing process with trusted partners that will guide you every step of the way.
Remember, filing your taxes doesn’t have to be complicated or expensive. With IRS Free File, it’s fast, easy, and, best of all—free!
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