Tax season has arrived, and we all have the same questions: how can I file my return without spending too much money and making mistakes? The truth is that many taxpayers cannot afford to hire a notary to assist them with their finances, so we’re here to shed some light, and without performing miracles, the solution is available on the IRS website itself.
We’re talking about Free File, a platform that makes filing your tax return simple, quick, and, most importantly, free! At a time when every dollar counts, Free File appears to be a lifeline in the desert, as well as a valuable ally for taxpayers on a tight budget. We’ll explain how it works below.
What is IRS Free File?
The Internal Revenue Service (IRS) has launched a free digital platform specifically designed to allow taxpayers with annual incomes less than $73,000 to file their returns electronically and accurately without having to pay for specific software or tax advisors.
This system gives you access to several IRS-approved programs that can be tailored to different tax situations. Plus, if everything goes well, the refund will arrive sooner thanks to direct deposit.
Why will we trust this tool?
Free File is not just another app from the AppStore. It was developed and supervised by the IRS, ensuring a secure environment for your personal and banking information.
So don’t worry about your personal information; it’s all encrypted and protected by a federal agency. Furthermore, it is extremely user-friendly and significantly reduces common filing errors.
When we consider that it avoids unnecessary payments to accountants or private software, the savings are not only time but also money, which is ideal for taxpayers on tight budgets.
Who can use it?
Any taxpayer with an adjusted annual income of less than $73,000 can use Free File, regardless of whether they work for a company, are self-employed, or do occasional work. To receive your refund, all you need is internet access, an active bank account, and the patience to fill out the form step by step.
The only issue you may encounter is language: the tool is only available in English, but many community organizations provide assistance to those who require it.
How does it work?
Simply go to the official IRS website and select the Free File option. There, you’ll find various free software options based on your tax situation.
Once inside, enter your information, select the direct deposit refund option, and digitally sign. Voilà, your return is ready!
What if my return is more complex?
For more complex cases (such as those who invest in the stock market, own property, or manage multiple income streams), Free File may fall short. So, in those cases, we recommend using other IRS services or seeking professional help.
Does it have advantages?
Starting with the financial savings, Free File offers benefits that many people are unaware of. For example, it eliminates travel, long lines, and allows you to keep a digital record of previous returns.
Why is this tool important?
Savings are important, especially for low-income families. So why pay to file your taxes when a tool can do it for free?
This process aims to democratize access to a fundamental right, such as filing taxes, without affecting taxpayers’ wallets.
Therefore, this tool is more than just an online platform. It saves time and money for those experiencing financial difficulties, which is a fantastic step for those with low incomes.
