Free Federal And State Tax Filing In 2023: Simplifying The Process
It has been nearly a decade since the introduction of the Tax Cuts and Jobs Act of 2017, and the tax filing process has become more complex and daunting for many taxpayers. Thankfully, the 2023 tax season will bring a variety of free tax filing options for federal and state taxes. With the help of the IRS, online tax preparation services, and tax software, filing taxes can be a simple and stress-free process.
The IRS offers free filing options for most taxpayers. The IRS Free File Program is available to taxpayers with a 2019 Adjusted Gross Income of $69,000 or less. Through the program, taxpayers can access free tax preparation software to help them file their tax returns. The software is provided by various tax preparation companies, including H&R Block, TaxAct, and TurboTax. The software simplifies the tax filing process by providing step-by-step instructions, filing tips, and an error checker. For taxpayers who prefer to file paper returns, the IRS also offers the Free Fillable Forms program, which allows taxpayers to fill out their tax forms online for free.
In addition to the IRS Free File Program, there are several online tax preparation services that offer free tax filing services. Many of these services are available to taxpayers with a variety of different incomes. TaxSlayer, for example, offers free tax filing for all taxpayers with a 2019 Adjusted Gross Income of $66,000 or less. Credit Karma Tax also offers free tax filing for all taxpayers, regardless of income. Additionally, TaxHawk offers free filing for taxpayers with an income of $30,000 or less.
For taxpayers who prefer to file their taxes on their own, tax software programs are also available. Popular tax software programs such as TurboTax and H&R Block offer free versions of their software for taxpayers with a 2019 Adjusted Gross Income of $36,000 or less. The software simplifies the tax filing process by allowing taxpayers to enter their information into the program and the program will automatically complete the tax forms. The software also provides taxpayers with helpful filing tips and an error checker to make sure their tax forms are accurate.
Finally, taxpayers who are filing their state taxes have a variety of free filing options. Most states offer free filing options for taxpayers with an adjusted gross income of $69,000 or less. Additionally, many states offer free filing for taxpayers with a higher income, depending on the state. Fortunately, the IRS website has a list of all the different free state filing options and the income requirements for each state.
Benefits of Free Federal and State Tax Filing
Filing taxes can be a daunting task, especially for taxpayers who are unfamiliar with the process. Fortunately, there are many benefits to utilizing the free tax filing options available for federal and state taxes. The main benefit is that the process is simplified. The software and online tax preparation services provide taxpayers with step-by-step instructions, filing tips, and an error checker to ensure that the tax forms are accurate and complete. Additionally, taxpayers who use the free filing options can rest assured that their taxes are being filed correctly and that they are receiving any tax credits or deductions that they are eligible for.
Another benefit of free tax filing is that it saves taxpayers money. By utilizing the free filing options, taxpayers can save money that would otherwise be spent on filing fees or tax preparation services. Additionally, taxpayers who use the free filing options can be sure that they are not paying for any unnecessary services or fees. This can be especially beneficial for taxpayers who are filing their taxes for the first time or have a complicated tax situation.
How to Get Started with Free Federal and State Tax Filing
The best place to start when preparing to file taxes is the IRS website. The IRS website provides helpful information about the different filing options and which options are best for each taxpayer's situation. Additionally, the website provides links to the different free filing options, including the IRS Free File Program, online tax preparation services, and tax software. The website also provides helpful filing tips and resources to help taxpayers understand the filing process.
Taxpayers should also make sure that they are gathering all the necessary documents before filing their taxes. This includes W-2 forms, 1099 forms, bank statements, and other income documents. Taxpayers should also make sure that they are taking advantage of any deductions or credits that they may be eligible for. By gathering all the necessary documents and taking advantage of any deductions or credits, taxpayers can ensure that they are filing their taxes accurately and receiving any refunds that they may be entitled to.
Conclusion
The 2023 tax season is quickly approaching and taxpayers should start preparing to file their taxes. Fortunately, the IRS and other online tax preparation services offer free filing options for federal and state taxes. By utilizing the free filing options, taxpayers can simplify the tax filing process, save money, and ensure that their taxes are being filed accurately. Taxpayers should make sure to take advantage of the free filing options and gather all the necessary documents to ensure that they are receiving any refunds that they may be entitled to.