Guide To Filing Your Federal Taxes For Free With IRS Free File
The
Free File program was launched in the year 2003 by the Internal Revenue System. It was meant to help people with their taxes, and it did a great job by letting fifty-seven million people who pay taxes save around two billion dollars. Despite the wonders that it can do for people, the Free File program is not very popular because they don’t know much about it. So, let’s help you understand this wonderful initiative a little better –
What is the Free File?
The Free File program is a collaboration of the Internal Revenue System, which is a public unit and Free File, which happens to be a private unit. So, this public-private partnership was established to help a taxpayer with an adjusted gross income amounting to sixty-nine thousand dollars or less, file his/her taxes free of cost.
The reason why this program was introduced is the majority of Americans who fit into the criteria of people that this program was willing to help.
How does the Free File work?
As mentioned earlier, there is a provision for filing taxes with no charge for people who earn less than a certain amount of money. It has been made super easy to file your taxes. All you need to do is lookup
http://www.irs.gov/Free and select the option of Free Tax Help to receive information about Free File and the provider locator tool.
There is a dedicated “look-up” tool, which you can find on the Free File webpage. It will help you in choosing the right provider based on your requirements. You can check out the offers made by each provider and select whichever you like. There is no pressure. You can go ahead with the provider of your choice to get started with the process of your tax return.
State taxes
There’s this thing with providers and tax filers that you may not be aware of. While filing
federal taxes might not charge you anything with tax preparation software providers, you can’t expect state taxes to be filed free of cost. This charge depends on the providers and the amount of information they have about you. So, you must always provide them with all the correct and required information.
Do it on your own
Gone are the days when you had to collect paper forms from your local library for doing your taxes. Now, you can do it on your own on your smartphone or laptop. You just have to wait for the tax season to begin and get the Free File Fillable Forms presented by the Internal Revenue System. Filing your return on your own is advisable because it keeps you aware of your current financial situation, along with assisting you in the money management throughout the year. You can not only save a significant amount of money by carrying out this process on your own but also save a ton of time. In case you find it challenging to take the plunge in the starting, the customer support staff is always there to guide you through. This way, you will be able to file your taxes without having to struggle a lot.
However, make sure you don’t delay this process because delayed return filings are subjected to additional charges. There’s no point in wasting time and keeping your tax filing for later, as you have to pay that amount anyway. So, your best bet is to be proactive about the actual process of filing the return using the IRS Free File and get done with the same without having to shell out any extra penny.
How does the Internal Revenue System Free File protect you?
The Free File system was innately aimed to assist the taxpayers of the nation so that they don’t have to bear any hassle when it comes to commencing their tax filing. This is why the Free File system has been kept easy to understand and straightforward by the authorities so that the end-user doesn’t have to struggle much. Let’s throw light on some of the crucial ways in which the Internal Revenue System Free File assists the taxpayers by safeguarding their financial regime.
- It allows you to file your federal tax return for free if you fit in the criteria of the provider.
- It saves you from paying unnecessary charges to the provider.
- It doesn’t lead you to a different and charging website.
- It guides you to find a provider.
- It protects you from the bank fees.
- It gives you access to free customer service.
All in all, you must assess all the documents thoroughly so that you have a clear idea of the working process. Get along with the customer care team in case you find yourself doubtful at any point.
