WASHINGTON, D.C. — The Internal Revenue Service (IRS) has kicked off the tax season by launching its Free File Guided Tax Software service. This service, available on IRS.gov, provides cost-free electronic tax filing options for eligible taxpayers. As the IRS begins to accept individual tax returns from January 29, millions nationwide would be able to benefit from the software provided by trusted partners of the IRS Free File program.
Understanding the IRS Free File Program
The IRS Free File program is the collaborative result of the IRS and Free File Inc., an organization formerly known as the Free File Alliance. This public-private partnership serves taxpayers by offering them free access to online tax preparation and filing software. This initiative provides the taxpayers with multiple options for filing returns, online or offline, free of charge.
Figuring Out Eligibility
In 2023, taxpayers with an Adjusted Gross Income (AGI) of $79,000 or less can avail this service via eight private-sector partners. Additionally, a Spanish language service is also on offer. For taxpayers exceeding the $79,000 AGI limit, the IRS Free File Fillable Forms (FFFF) — an electronic replica of IRS paper forms — are available. Active-duty military personnel with a 2023 AGI of $79,000 or less are also eligible for this service.
Key Benefits of the IRS Free File Program
The IRS Free File program stands as an essential tool for taxpayers to effectively file their tax returns. Here’s why:
- Affordability: The IRS Free File program helps taxpayers save money on purchasing tax preparation software or paying for professional services.
- Convenience: This program provides a user-friendly online platform allowing taxpayers to tackle tax returns from the comfort of their homes, eliminating the need for physical interaction with tax preparers or mailing paper forms.
- Accuracy: The IRS Free File program leverages guided tax software products, ensuring accurate calculations while minimizing the risk of errors.
- Access to Tax Credits: This program simplifies the process of claiming tax credits such as the Earned Income Tax Credit (EITC) and the Child Tax Credit, which can substantially reduce a taxpayer’s burden.
- Mobile Accessibility: The IRS Free File products are easily accessible on mobile devices, increasing their reach and convenience.
Steps to Access IRS Free File
To utilize the IRS Free File, taxpayers can visit IRS.gov/freefile and follow these steps:
- Click the “Explore Free Guided Tax Software” button.
- Use the Find Your Trusted Partner tool to find the most suitable product, or scan offers with the Browse All Trusted Partners tool.
- Select your preferred product and follow the link to the trusted partner’s site to start your return.
Conclusion
IRS Free File offers taxpayers a free and easy way to e-file their tax returns. With the IRS accepting and processing individual returns starting January 29, taxpayers can leverage this service to save money, maintain accuracy, and claim precious tax credits easily. In utilizing the IRS Free File, taxpayers can complete their tax filing obligations quickly, efficiently, and from the comfort of their homes.
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