Everyone knows that April 15th is Tax Day, but what many don’t know is that there are ways to file your taxes for free! If you make less than $66,000 per year, you can file your taxes on one of the many free software programs out there, and it won’t cost you a penny. Talk about the free software available for filing your taxes. ~**~

So you did your taxes, and you got a refund. Congratulations. But what if you just paid the IRS? Now you’re probably wondering when you’ll get your money back to you. The IRS can’t exactly help you out, since it’s an independent agency that doesn’t have much sway over the United States Treasury.

Tax day is fast approaching—April 17th, to be exact. If you’re like many Americans, you may have already started to gather the paperwork you’ll need to file your taxes from the comfort of your own home for the first time using software like Turbo Tax. If you’re like many others, however, you may have no idea how to go about filing your taxes. Whether you’re trying to save time on the filing process or you just don’t know where to turn, there is one thing you can do: file for free. Not only will it save you money, but it will also help you have more accurate and up-to-date information on your taxes.

It’s that time again – tax time. In this article, I explain how to file your tax return online for free or save money on your tax return if you don’t qualify for the free options. It’s time to pay your taxes, let’s do it! This article may contain affiliate links, which means I receive a free commission if you decide to make a purchase through my links. Visit this page for more information.

2021 fiscal season – read this first

Due to the Covid 19 pandemic, the 2021 tax season for filing 2020 returns will start slightly later. The earliest date you can file your taxes is 12. February 2021. This gives businesses more time to complete their tax forms. It also gives the IRS a few extra weeks to program and test its systems after the Biden administration made last-minute changes to the tax code (a second round of incentive payments and other benefits).

Completing a tax return

There are really only two ways to file your tax return: paper and online. Okay, there’s – is the third option. You can contact a tax preparation company like H&R Block, but I won’t go into that here. Most people have pretty simple taxes, and the extra fees these companies charge aren’t worth it. We have the choice of filling it out on paper or through an online tax website. I’m all for doing things that make life easier. The easiest way to file your tax return is online….. with a head start. If you’ve never done your own tax return before, it can seem quite daunting. But don’t be afraid! Cost-effective online tax products guide you through each step in an understandable way. Your ninja grandma can (and probably does). Some may be tempted to do it with pen and paper, so I’ll briefly touch on that option (you may change your mind after reading how crazy this process is).

Tax return by post

If you prefer to submit your returns on paper forms and send them by post, this is also possible. You must download form 1040 and print a physical copy. Form 1040 is used by U.S. taxpayers to file annual income tax returns. Depending on your situation, additional tables (forms) may be required. Here are some examples of schedules you can use:

You have extra income, for example B. Unemployment benefits, prizes or gambling winnings. Have you used all the deductions you can claim, such as. B. Interest deduction for student loans, self-employment tax, tuition. Annex
Other taxes due, such as. B. self-employment tax, household payroll tax, additional taxes on IRAs or other qualified retirement plans and accounts, AMT, or the need for a refund of an excess deduction for insurance premiums. Annex 2
You can claim any credit that you did not report on Form 1040 or 1040-SR, such as B. a foreign tax credit, an education credit, a general business credit. Leave the other payments, such as. For example, the amount paid with a request for deferment or the excess social security tax withheld. Diagram 3

Not only do you need these schedules, but each schedule has extra hours. If you z. B. are employed in the gig economy (for example, as an Uber driver or DoorDash delivery driver), you must download and print Schedule 2 because you are self-employed, but you will also need Schedule , Schedule SE , to complete the self-employment data. You can go to the IRS website and see how many forms they have for filing taxes. It’s crazy, isn’t it? Frankly, unless you want to be punished, I suggest you don’t do any paperwork. The tax code is confusing, there are too many forms and you can make mistakes when filling them out (which can give you a headache in a tax audit).

Online tax return

Last year, nearly 72.9% of personal income tax returns were filed electronically. That’s not surprising, because filing your tax return online is simple, easy and error-free – thanks to tax software that calculates everything for you. Convenience costs you money, because tax software companies have to make money from the services they provide. But you read The Money Ninja , so naturally you’ve come here to find out if there’s a way to file your taxes for free, or at least get a discount on the options you paid for. Answer: absolutely! Here’s how to do your taxes for free online, or at least save money.

Option 1: Free filing on tax software sites

If your tax return is simple, you can do it online for free. A simple tax return is one that contains one of the following:

  • W-2 income (income from employer)
  • Limited interest and dividend income reported on Form 1099-INT or 1099-DIV (e.g., bank interest).
  • request for standard deduction
  • Working Tax Credit (WITC)
  • Tax deductions for children
  • Tax deductions for dependents
  • Student loans
  • Deduction for tuition and fees
  • Unemployment benefits listed on Form 1099-G.

It NOT :

  • Deduction by post
  • Operating income or 1099-NEC
  • Sale of shares
  • Income from rental properties
  • Loans, deductions, and income listed in Tables 1-3, such as. B. Student Loans
  • Interest deduction

If this situation applies to you, you can use products like TaxSlayer Simply Free to file your federal and state taxes for free!   word-image-3924 word-image-3925

  • TaxSlayer Just Free = Reference
  • AGI = no income limit
  • Age = no age limit
  • Federal registration = Any State of residence
  • Is free state registration included? = Yes.
Tax law
  • TaxAct Free Online Edition = Link
  • AGI = no income limit
  • Age = no age limit
  • Federal registration = Any State of residence
  • Is free state registration included? = No, $4.95 per state
  • Free TurboTax Edition = Reference
  • AGI = no income limit
  • Age = no age limit
  • Federal registration = Any State of residence
  • Is free state registration included? = Yes.

Option 2: Submit a file for free with IRA Free File

Did you know that 70% of Americans can file their taxes online for free, through a program called IRA Free File? The IRS Free File program is a partnership between the IRS and many tax software companies that make their products available for free if you can answer yes to any of the following questions:

  1. Is your adjusted gross income (AGI) less than or equal to $72,000?
  2. Were you a member of the active military in 2020 with a total income of $72,000 or less?
  3. Are you eligible for the Earned Income Tax Credit (EIC)?

If you answered yes to at least one question, the following companies offer tax software that allows you to complete your federal tax return for free. Each company has its own offerings, some of which offer free tax returns:

  • Free TurboTax file = Direct link
  • AGI = $39,000 or less
  • Age = all
  • EITC = Enabled
  • Military = Released
  • Federal registration = Any State of residence
  • Filing with the state = Free filing with the state if you are eligible for federal filing.
Tax law
  • TaxAct Free file = Direct link
  • AGI = $63,000 or less
  • Age = 56 years or younger; any age if eligible for EITC.
  • EITC = Enabled
  • Military = Enabled
  • Federal registration = Any State of residence
  • Filing with the state = Free filing with the state if you are eligible for federal filing.
  • Free TaxSlayer file = Direct link
  • AGI = $72,000 or less
  • Age = 51 years or younger; any age if eligible for EITC.
  • EITC = Enabled
  • Military = Enabled
  • Federal registration = Any State of residence
  • State Supply = AR, AZ, DC, GA, IA, ID, IN, KY, MA, MI, MN, MO, MS, MT, NC, ND, NY,OR, RI, SC, VA, VT and WV

Option #3: Save money by filing your tax return online

So you have not been able to use free options. …. Too bad. But look on the bright side. You made too much money to apply for free. This is a good problem to have! Fortunately, there are still ways to save money on your taxes. Tax software companies work with websites like Fidelity or other partners to offer discounts on their products:

  • TaxSlayer = Save 35% on your federal tax refund [Link].
  • TaxAct = Save 20% on your federal tax return [Link].
  • TurboTax = Save up to $20 on federal TurboTax products [Link].

The conclusion

Let’s be serious. Tax time is like going to the dentist. People know it has to be done, but no one likes to do it. Filing your taxes online saves you time, allows you to take advantage of tax deductions you might have missed if you had done it yourself, and avoids mistakes that require tax officials to come to you for an unpleasant tax audit. Most people can file their taxes for free. If not, I have explained how you can save money with different online tax software.A lot of people think that filing taxes is an arduous, time-consuming, and expensive process, but it doesn’t have to be. If you want to save money by doing your own taxes, you can use tax software to do the bulk of the work for you. Just try to file by paper if you can’t find the right software—you’ll save even more money by doing it yourself. If you already know what tax software to use, you can get started now. The More You Know The title of this section is a little bit of an understatement. While the blog intros are the most important part of each post, the reader will also get some value out of reading the post itself. The post content can be. Read more about free tax filing for low income and let us know what you think.

Frequently Asked Questions

How do I file taxes with no income?

If you had no income, don’t fret. Filing taxes without taxable income is not impossible. Here are some options to consider (in the order of how lucrative they are for you). To file taxes without taxable income, the first option you should explore is filing an extension. You can ask for a six-month extension for free by filing IRS Form 4868. This gives you more time to try to find a source of income, and it gives your taxes more time to process, too. If you owe money, you can pay your tax bill in installments (on Form 9465) for free. If I tell you that you can file your taxes for free, does that mean that there is a way to get a refund without having any income? That’s what this post is about. If you have no income to report, you may be able to file for something called the EITC. This is a tax credit for low-to-low income taxpayers, but there are a lot of rules, so make sure you read this carefully. This post will cover the following:

Is H&R Block free filing really free?

If you’ve ever worked a day in your life, you’ve probably had to pay taxes. And if you’ve had to pay taxes, you’ve probably wondered if there is such a thing as free tax filing. If you’re a US resident and you make less than $66,000 per year, you are eligible for free filing. This is thanks to the Free File Alliance , a group of major tax software companies, including H&R Block, that have agreed to provide free tax software to eligible taxpayers. That’s right, you can get a free filing, and you don’t even have to choose H&R Block. (But since they’re one of There are plenty of tax preparation services out there, but the most common one people turn to is H&R Block. And it is probably no surprise that H&R Block’s free filing is the most common option. But is it the best for you? It’s not a bad option—it’s actually one of the top rated free tax filing services around—but it may not be the best option for you, depending on your situation. For example, if your income is below a certain threshold, you can file for free online, without having to submit any documents. But if you have to submit documentation, you may be able to do the same for a cheaper price using another service.

What is the best IRS free file program?

We have all had to file taxes at some point in our lives and it is never a pleasant experience. However, one piece of good news for taxpayers is that the Internal Revenue Service (IRS) has Free File options to help you with your taxes. The IRS has a Free File program that allows taxpayers to file their taxes for free. However, there are some rules that you have to follow in order to qualify for the Free File program. If you are like most American taxpayers, you’re probably excited to file your income tax return by the April 15th deadline and glad you don’t have to pay any additional fees. Are you ready to file? The IRS Free File Program is designed to help you file your income tax return for free. But before you jump in, you need to understand what the program includes and what you give up.

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