- ORIGINAL NEWS
Here’s how to pick the best free tax filing option this season
- SUMMARY
Okay, here is a summary: Filing taxes has become more expensive due to the rising cost of tax preparation and accounting fees.
However, there are several free filing options available for those with simple tax returns.
The IRS Free File program offers free guided tax prep software for eligible filers with an adjusted gross income up to $79,000.
Free File also includes Fillable Forms for any income level, which is the electronic version of a paper return.
For those who need more guidance, the IRS offers free tax prep programs with trained volunteers, such as the Volunteer Income Tax Assistance (VITA) program and the Tax Counseling for the Elderly (TCE) program.
Some taxpayers may also qualify for the limited Direct File pilot this season, which allows for free filing through the IRS for individuals with straightforward tax situations.
Certain private companies may also offer free filing options, but it is important to be aware of potential add-on fees for additional services.
Hopefully, this information will provide you with enough information on tax filing changes to make an informed decision.
- NEWS SENTIMENT CHECK
- Overall sentiment:
neutral
Positive
“There are several free filing options to consider this season, experts say.”
“Free File has eight partners this season, with varying income eligibility — and some offer free linked state filings.”
Negative
“Filing taxes is more expensive this year as the industry raises prices to combat a growing accountant shortage.”
“Roughly 70% of taxpayers qualify for Free File, but only 2% used it during the 2022 filing season.”