"Key Considerations for Taxpayers: Filing Tips and IRS's Free Tax-Filing Tool"
TL;DR Summary
The IRS is introducing a new free way to file taxes online, but it won't be widely available until March and is only being piloted in 12 states. This Direct File program is designed for relatively simple tax situations, and taxpayers in participating states could potentially file their federal taxes for free. However, the IRS Free File program offered through private companies is confusing and underused, with only 3% of eligible taxpayers using it in 2020. Additionally, the FTC has ordered TurboTax to change the way it advertises its free federal tax prep service, as many users end up having to pay after starting the process.
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