Maximize Savings: Understanding Your Eligibility for Free Tax Filing
Are you missing out on the chance to file your taxes for free?
Filing taxes can be a bit of a hassle. You have to gather paperwork, figure out whether to itemize versus claim the standard deduction, and then, for some people, fork over some money to get your return done.
It's a matter of income
The IRS Free File program is designed to throw lower and moderate earners a bone. You can qualify to file your taxes for free if your adjusted gross income was $79,000 or less in 2023.
Should you file your taxes for free?
Even if you're eligible for the IRS Free File program, there are some situations where it could pay to hire a tax professional rather than go it alone.
Rather, it's when you're looking at a complex tax situation that paying for help starts to make sense.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.