Tax season is here, and now Americans need to figure out they want to file their tax returns with the IRS.
For many people, free filing options are the best choice, so it’s important to know what’s out there.
By using a free service, you can save some money.
You may need to qualify for a free service, but it’s a good idea to review all your options since many have changed this year.
CreditKarma used to be free, and no longer is.
Here are three free filing services that can be used to file tax returns with the IRS
IRS Free File
The IRS offers qualifying Americans an option to file for free through their website.
In order to qualify, you need to make below $72,000.
The IRS offers services through software and companies they partner up with on their website.
Turbo Tax used to be free, but it is not an option through the IRS this year.
If you make over $72,000 you can still use the free electronic forms, but you have to do it yourself and do not get the same guidance.
There are some tax companies that will offer free services if you need basic or simple taxes filed.
H&R Block will not charge an extra free for state tax preparation.
At their free level, they also offer help with retirement income, earned income tax credit, and child tax credit.
If your return becomes more complex then you will start incurring fees.
Inuit, owner of Turbo Tax
Intuit is offering free simple tax returns.
This is good for those with W-2 forms.
If you’ve used this service before, it will easily carry over last year’s information so you do not need to fill it all out again.
- Itemized deductions
- Unemployment on a 1099-G
- Stock sales
- Income from a rental property
- Credits reported on Schedules 1-3
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