Comprehensive Guide: How to File Your Taxes for Free and Save Money
Filing taxes can often feel like a daunting task, rife with complexities and potential expenses. However, contrary to popular belief, it doesn’t always have to be a costly endeavor. Many individuals can file their taxes for free, provided they meet certain criteria or utilize specific programs sponsored by the IRS or online tax software. In this comprehensive guide, we’ll delve into various methods and programs available for filing your taxes without incurring unnecessary expenses.
Leveraging IRS Free File: A Hassle-Free Solution
What is IRS Free File?
IRS Free File is a remarkable online service designed by the Internal Revenue Service (IRS) to facilitate the filing of taxes at zero cost. This platform offers step-by-step tax preparation for federal tax returns, as well as some state filings. The eligibility criterion for IRS Free File is an adjusted gross income (AGI) of $79,000 or less.
How to Utilize IRS Free File?
Utilizing IRS Free File is a straightforward process. First, gather essential documents including your last year’s AGI, Social Security number, and all required tax forms. Next, select the software that best fits your needs, either by browsing…
