As we continue to move through tax season, it's important for individuals to be aware of all their options when it comes to filing their taxes.
For many taxpayers, hiring a CPA may not be a feasible option due to the costs that can be associated. Fortunately, the IRS offers a program called Free File that allows eligible taxpayers to file their federal taxes for free.
The Free File program is available to taxpayers whose adjusted gross income is $73,000 or less. This program is a partnership between the IRS and several tax preparation software companies, such as FreeTaxUSA. These companies provide free online tax preparation and e-filing services to eligible taxpayers.
Not only does the Free File program offer a cost-effective solution for taxpayers, but it also ensures accuracy and security. The program uses industry-standard encryption to protect taxpayers' personal and financial information. Additionally, the software walks taxpayers through each step of the tax preparation process to ensure that they claim all eligible deductions and credits.
The IRS Free File Online Lookup Tool allows a taxpayer to answer a series of questions to be able to find a best suitable IRS Free File provider depending on our tax status.
IRS Free File Online Lookup Tool Link: IRS Free File | Internal Revenue Service
It's important to note that the Free File program is only for federal tax returns. Some participating software companies may charge a fee for state tax returns, but others may offer free state tax returns as well.
As a CPA firm, we understand the importance of accuracy and expertise when it comes to tax preparation. However, we also recognize that not everyone can always afford the expense that the value of a CPA can bring, especially depending on the intricacy of their tax situation. That's why we at Michelle Barrera CPA want to make sure that our community is aware of the Free File program and the resources available to them.
If you are eligible for the Free File program, we encourage you to take advantage of it. We still offer guided tax preparation in this regard, and guidance as best needed for our clients with less intricate tax situations who may want to take control of their finances via the Free File program.
However, if you have complex tax situations or you're unsure if you qualify for the program, or even if you still may not be sure how best to utilize the service, we are here to help. Our experienced CPAs can provide personalized tax advice and ensure that your tax return is accurate and IRS compliant.
At Michelle Barrera CPA, we believe that everyone deserves access to quality tax preparation services. Whether you choose to utilize the Free File program or work with one of our CPAs, we are committed to helping you achieve your financial goals. Contact us today to learn more about our tax preparation services.
Source: Free File: Do your Federal Taxes for Free | Internal Revenue Service (irs.gov)