IRS Tax Tip 2015-29, March 2, 2015
IRS Free obÌåÓý is a fast, safe and free way to file your federal tax return. Free obÌåÓý does the hard work for you with either brand-name tax software or online fillable forms. Here are five tips that you should know about Free obÌåÓý.
- Free Options for All. There is a free option for everyone. People who make $60,000 or less ¨C 70 percent of Americans ¨C can choose easy-to-use software to do their taxes and e-file for free. People who make more than $60,000 can use Free obÌåÓý Fillable Forms, the electronic version of IRS paper forms.
- Free obÌåÓý Does the Hard Work. IRS Free obÌåÓý is a partnership between the IRS and 14 tax software manufacturers that make their products available for free. You don¡¯t need to be a tax expert. The software will help find tax breaks you may be able to claim but might overlook, such as the Earned Income Tax Credit. The software asks the questions; you supply the answers. It will choose the right tax forms and do the math for you. Free obÌåÓý can help also with the new health care law tax provisions.
- Free obÌåÓý on IRS.gov. You can only access IRS Free obÌåÓý on IRS.gov/freefile. That way you will avoid any charges for preparing or e-filing your federal tax return. Once you choose a Free obÌåÓý company, you¡¯ll go to their website to prepare, print and e-file your federal tax return.
- Free Extensions. If you can¡¯t make the April 15 deadline, you can use Free obÌåÓý to request an extension. Making the request is easy and free through IRS Free obÌåÓý. Just look for ¡°free extensions¡± in the company offers. Remember, this is a six-month extension of time to file your tax return, not to pay your tax. If you think you owe, make an estimated payment with your extension request.
- Use IRS E-file. Remember, the fastest way to get your refund is to combine e-file with direct deposit. If you owe taxes, you can e-file now and set up an automatic payment on any day until the April 15 due date. To view your options to pay visit IRS.gov/payments.
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