Tag

Free Filing

All articles tagged with #free filing

taxation1 year ago

"Direct File: IRS Launches Free and Easy Tax Filing Service for 2024"

The IRS' new free electronic tax return filing system, Direct File, has received positive feedback from early users like Dixie Warden, who completed her taxes in about an hour and saved nearly $400 by using the program. The pilot program, available in 12 states, aims to simplify tax filing for lower-income taxpayers, but faces criticism from private tax preparation companies and some lawmakers. Advocates believe that offering free and easy tax filing options is important for taxpayers, and the program's future depends on continued funding and support.

finance1 year ago

"IRS Direct File Pilot: How to File Your Taxes for Free and Get Better Service"

A former IRS worker on TikTok advises against using TurboTax for filing taxes, claiming that the software funds efforts to keep tax returns complicated and pricey. She recommends using free options such as the IRS Free File option and the Volunteer Income Tax Assistance program for those with simpler tax situations. Intuit, TurboTax's parent company, is accused of lobbying against efforts to create a free federal tax filing service, while claiming to provide free tax preparation to 100% of American taxpayers. Some users report confusion and unexpected charges when using TurboTax's supposedly free filing options.

taxation1 year ago

"IRS Direct File: A New Free Way to Submit Your Tax Return"

The IRS is launching a new program called Direct File, which will allow low- and moderate-income taxpayers in 12 states, including California, to prepare and file their tax returns online for free. The program is limited to certain types of income and allows for claiming only specific credits and deductions. Direct File will guide users through the process and provide real-time chat support. The program will be available through the IRS website and requires identity verification through ID.me. Taxpayers in California can use the state's CalFile program for free filing. Other alternatives for free filing include the IRS Free File service, AARP Foundation Tax-Aide, Volunteer Income Tax Assistance program, and free versions of tax preparation software from TurboTax and H&R Block.