Free Tax Filing 2024 | IRS Free File | Money Instructor

How to file taxes for free in 2024 with IRS Free File. Learn about the program and its free tax services for efficient federal and state tax filing, including Form 1040, Form 1040-SR, Schedule C, and other tax forms.

This guide introduces the IRS Free File program, an excellent resource for free tax filing, particularly for those with an adjusted gross income below $79,000 annually. It showcases how qualified individuals can engage in no-cost tax preparation utilizing tax software, an initiative supported by the partnership between the IRS and various tax preparation companies. The program offers a solution for managing federal taxes and, in many cases, state tax filing. It includes a user-friendly, step-by-step approach, ideal for those new to online tax services or looking for DIY tax assistance. Additionally, the guide covers the process of tax return submission through e-filing, ensuring an easy tax filing experience. It also delves into the income eligibility requirements for the program, providing guidance on tax refunds and tax deductions. For those with incomes above the threshold, it suggests alternative financial management strategies, offering comprehensive insight into efficient tax handling for different financial scenarios, whether filing as single, married, or jointly. Tax Filing 101.

TABLE OF CONTENTS
0:00 Intro to Free Tax Filing
0:21 Who Qualifies for Free File, Income Limits
1:02 Navigating to IRS Free File
1:32 Guided Tax Preparation Explained
1:52 Selecting the Right Tax Software
2:10 Options Beyond the Income Limit

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IRS Free File Guided Tax Software service:
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(This is an affiliate link and we may receive compensation if you use this service. We appreciate your support, as it helps us create more content for you). If your tax situation is complex, it is strongly recommended to use a tax filing software or seek the assistance of a certified public accountant (CPA) to ensure accuracy and compliance. Remember that every individual's tax situation is unique, so it is essential to consult the official IRS instructions when preparing your tax return on your own.

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Money Instructor is the leading source for financial education and skills development. For over two decades, we have been assisting educators, students, parents, and others in teaching and learning about money skills, personal finance, money management, investing, business, and career development. We provide resources and tools to help teachers, parents, and institutions teach these crucial skills to young people. By doing so, we also aim to reinforce basic math, reading, vocabulary, and other fundamental skills that are essential for success in life.
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Money Instructor does not provide tax, legal or accounting advice. This material has been prepared for educational and informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors regarding your own situation. Although the information has been researched and vetted beforehand, it may not be current at the time of viewing.