The 2024 tax filing season has already come to a wrap. The IRS is consistently processing returns and issuing refunds to countless taxpayers. If you requested the October tax extension deadline, you may want to leverage the IRS Free File System to submit your returns for free. 

What is the IRS Free File System?

IRS Free File System is a partnership between the IRS and public-private partnerships such as Free File Alliance, TaxSlayer, and TaxAct. The program allows eligible taxpayers earning below specified income to access various tax preparations and filing software for free. IRS Free File System is available each tax year from mid-January through the October tax extension deadline. 

Who Is Eligible For the IRS Free File System

In the 2024 tax filing season, individuals earning $79,000 or less in 2023 qualify. This income threshold applies universally across all tax filing statuses, with the income limit referring to your adjusted gross income (AGI) and not gross income. Certain providers might impose supplementary conditions, like age restrictions or narrower income thresholds.

How do I access the IRS Free File?

You can access IRS Free File through the IRS.gov. All you require to use this is a computer and an email address.

Benefits of the IRS Free Filing System

Using the IRS Free File system to file taxes can offer several benefits. These include:

• Cost savings: As mentioned, the program is free to use for individuals whose income falls below a certain threshold. This option saves money compared to hiring a tax professional or purchasing tax filing systems.
• Faster filing: The IRS Free File system typically provides an easy-to-use online platform that guides you through the tax filing process step by step. It can be particularly helpful for taxpayers who may not be familiar with tax forms and procedures.
• Security: The IRS system is operated by trusted tax preparation companies that adhere to strict security protocols to protect your personal and financial information.
• Reduced errors: The software used in the program is designed to perform accurate calculations, reducing the risk of errors on your tax return. Ultimately, it helps you avoid potential penalties and audits due to mistakes.
• Free tax help: Most Free File software providers offer customer support services to assist you with any questions and issues you may encounter during the tax filing process. 

Contact Brenden Kelley Law

At Brenden Kelley Law, we are committed to providing expert legal representation for people and small businesses that want to protect their rights and interests in a complex legal landscape. We offer tailored, flat-free solutions that align with the budgets and requirements of startups. We also advise established businesses facing compliance issues or navigating new regulations that threaten their industry. Contact Brenden Kelley Law to see how we can help you and your business.