The IRS is estimating that about 70% of taxpayers can use the free tax filing software found on its website IRS.gov and the free tax filing software offered by some of the big tax filing software companies.
There are income limits for using the free software so don’t make the mistake of omitting some income just to save a few bucks on filing. Remember the IRS gets copies of your W2s from jobs and W2Gs from casino winnings and all those 1099s from other sources of income.
Here are the key points to remember about using free tax filing software:
1. Be sure you use direct deposit. The free filing software gives you the opportunity to have a direct deposit of your refund. Without a direct deposit, your refund can take weeks longer to reach you.
2. Remember the income limits. Free filing is available to any person or family who earned $73,000 or less in 2021.
3. But free filing software doesn’t give you the professional advice of a tax pro. Remember that!
4. There are also free filing products for military families.
And here’s something the IRS doesn’t tell you. If you have tax issues or tax problems you can get a free consultation with Legal Tax Defense. Call now to speak to a tax attorney for free. In some cases, Legal Tax Defense will tell you how you can resolve your own tax problems without paying a fee. Visit www.LegalTaxDefense.com for more information.
Disclaimer: Alan Mendelson is a well-known TV consumer news reporter who reports on tax issues. You should seek professional advice if you have tax questions or issues.
