The Internal Revenue Service (IRS) has made a recent announcement that its Free File tax program will be extended for an additional five years. This program, which has been in place for nearly two decades, allows eligible taxpayers to file their Federal income tax returns for free using commercial software provided by a consortium of tax preparation companies.
The Free File program is geared towards individuals and families with adjusted gross incomes of $72,000 or less, which encompasses roughly 70% of American taxpayers. By partnering with private sector tax software companies, the IRS aims to provide taxpayers with a cost-effective and convenient way to prepare and file their taxes online.
One of the key benefits of the Free File program is that it offers both federal and state tax preparation services at no cost to eligible taxpayers. This helps individuals and families save money on tax preparation fees and ensures that they receive the full refund they are entitled to. Additionally, the online platform provides step-by-step guidance and recommendations to help users navigate the tax filing process with ease.
In order to utilize the Free File program, taxpayers must access the IRS.gov website and select the Free File option. From there, they can choose from a variety of participating tax software providers to complete their tax return electronically. These software options are designed to accommodate different tax situations, from basic returns to more complex filings involving deductions and credits.
Furthermore, the IRS has committed to improving and modernizing the Free File program to better serve taxpayers in the digital age. Enhancements such as improved user interfaces, enhanced security features, and expanded customer support are part of the agency’s efforts to streamline the tax filing process and encourage more individuals to take advantage of the program.
Overall, the extension of the IRS Free File tax program for another five years represents a significant investment in providing accessible and efficient tax services to millions of Americans. By leveraging technology and collaboration with private sector partners, the IRS is working towards making tax preparation easier and more affordable for eligible taxpayers across the country.
