Filing taxes for free with the IRS can be done using the Free File program, which is a partnership between the IRS and private tax preparation software companies. Here's how you can file taxes for free using this program:
Determine your eligibility: To qualify for Free File, you must have an adjusted gross income (AGI) of $73,000 or less in 2021. You must also be either under the age of 72, or active military with an AGI of $73,000 or less. If you're eligible, go to the Free File website at IRS.gov/freefile to get started.
Choose a Free File software provider: The Free File program has a list of participating tax preparation software companies that you can choose from. These companies have different eligibility requirements and software offerings, so you'll need to review each one to see which is the best fit for you.
Complete your tax return: Once you've chosen a software provider, you'll need to create an account and complete your tax return using the software. The software will guide you through the process of entering your tax information and calculating your taxes.
Submit your tax return: Once you've completed your tax return, you'll need to submit it to the IRS. If you owe taxes, you can make a payment using the software or by using the IRS's online payment system.
It's important to note that some software providers may offer free federal tax preparation, but may charge fees for state tax preparation or other services. Make sure to review each provider's offerings carefully before choosing one.
Also, keep in mind that the Free File program is only available during tax season, which typically runs from January to April. If you need to file taxes outside of this time period, you may need to use a different method.
Disclaimer:
The content of this video is for informational and entertainment purposes only and should not be considered as financial or investment advice. Any financial decisions you make should be based on your own research and consultation with a licensed financial professional. The creators of this video and its contents will not be held liable for any financial losses incurred as a result of following the information provided in this video. Always conduct your own due diligence and seek professional advice before making any financial decisions.
How to get FREE Tax filing help in 2023! 🔥 #shorts
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