The 2024 tax filing season is coming to a close, and the IRS has been processing returns and delivering refunds. If you haven’t filed your taxes yet, you may be eligible to use the IRS Free File program, which allows individuals with an adjusted gross income of $79,000 or less in 2023 to file their federal tax returns for free. Some participating companies may also process state returns. This year, Free File has seen a 10% increase in usage, with 943,000 filers taking advantage of the program.
IRS Free File is a partnership between the IRS and the Free File Alliance, a group of commercial tax-prep companies that offer to process and file federal returns electronically at no charge. Some companies may also provide free state returns. If you qualify for Free File, you will be directed to one of the participating companies to complete your return with step-by-step instructions. It is important to note that Intuit Turbo Tax withdrew from the program in 2021.
To qualify for IRS Free File, individuals must have had an adjusted gross income of $79,000 or less in 2023. The program is designed for simple returns, and if you make more than $79,000, you can still use fillable forms provided by the IRS to file online. Free File can answer basic questions, perform calculations, and file your federal return with the IRS. It cannot be used for returns prior to 2023 and must be done online on a computer, smartphone, or tablet.
When using IRS Free File, you will need income statements, Social Security numbers for yourself and any relevant spouse or dependents, and your 2021 tax return to access your adjusted gross income. To file, you can visit the IRS Free File website, use the guided tax preparation tool, and select the best product for you. Follow the links to the provider’s website to begin your tax return. The program is free, and participants cannot be charged for products or services in exchange for having their federal tax return prepared.
For more tax tips and information, individuals can find out when they will receive their 2024 tax refund and the fastest way to get it. It is important to take advantage of programs like IRS Free File to ensure that your tax return is processed accurately and efficiently, with no cost to you if you qualify.
