How to File Your Taxes for Free

Filing taxes can be a daunting task, but the good news is there are many resources available to help you file your 2024 taxes for free. Whether you’re tech-savvy, prefer in-person assistance, or just want to save money, this guide will walk you through your options.

IRS Free File Program: The IRS Free File Program is a fantastic option if your income is $84,000 or less. It provides access to brand-name tax preparation software at no cost. My sons have both used this service the last several years. They filed their taxes from their cell phones sitting on the sofa. It’s pretty user friendly. Visit the IRS Free File website to find a provider that meets your needs.

IRS Direct File: The IRS Direct File Program is a new program that will be available on January 27, 2025 in 25 states. It is a free-file program that does not have the same income limitations that the IRS Free File program has. Single filers with simple taxes and income under $200,0000 are eligible. Visit the IRS Direct File website to learn more.

MilTax: Backed by the Department of Defense and made exclusively for the military community, MilTax is a free-filing option for active duty, National Guard, Reserve, survivors, family members, and more. They can file a federal return and up to three (3) states. Visit the Military OneSource website for more information.

Tax Documents: Do As I Say, Not As I Did

TurboTax & H&R Block Free Editions: TurboTax offers a Free Edition for simple tax returns (Form 1040). While TurboTax is free for basic returns, be aware that more complex tax situations might require paid upgrades. H&R Block’s Free Online Filing is another user-friendly option. Check their website to ensure your tax situation qualifies for their free tier.

Volunteer Income Tax Assistance (VITA) Program: The VITA Program, sponsored by the IRS, offers free tax filing help for individuals with income below $60,000, people with disabilities, those with limited English proficiency. VITA volunteers are IRS-certified, and you can find a location near you by visiting irs.gov/vita.

AARP Foundation Tax-Aide: The AARP Tax-Aide Program provides free tax preparation assistance for low- to moderate-income taxpayers, especially those over 50. You don’t need to be an AARP member to access this service. Many libraries and community centers host AARP Tax-Aide volunteers during tax season.

Your Local Library: Local libraries often partner with organizations like VITA and AARP to offer free tax preparation assistance. Libraries may also provide free internet access and computers for filing and workshops or events to help with tax preparation. Call your local library or visit their website for schedules and availability.

Filing your taxes doesn’t have to be stressful. By leveraging these resources, you can keep more money in your pocket while staying compliant with tax laws. If your taxes are more complicated than a W2, hiring a tax professional will often pay dividends, adding value through both tax savings and peace of mind. If you need additional guidance, I would be happy to discuss with you.

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Stacy Miller, CFP® is an investment adviser representative of BayView Financial  Planning. The firm is a registered investment adviser and only conducts business in jurisdictions where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability. 

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