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How to File Your 2020 Taxes Online for Free in 2021

How to File Your 2020 Taxes Online for Free in 2021

The IRS is now accepting tax returns for tax year 2020, and they’re due by April 15, 2021. Most U.S. residents can file their taxes for free thanks to the IRS Free File Program, but many people still don’t know this. Here’s how.

Incomes Below $72,000: IRS Free File Program
If your adjusted gross income for 2020 was $72,000 or less, you qualify for the IRS Free File Program. This program is a partnership between the IRS and tax software companies like Intuit and H&R Block. If you qualify, you can use certain tax programs for free, paying $0 for every feature the software offers. Once your federal and state taxes are complete, you can e-file them for free, too.

Here’s something you need to know:

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The free versions available through IRS Free File are different from the normal free versions available on each program’s website!

In other words, “IRS Free File Program delivered by TurboTax” and “TurboTax Free Edition” are different software packages. If you start using TurboTax Free Edition, you may be surprised with upsells—and you may have to pay for features that the IRS Free File version of TurboTax offers for free. TurboTax is under no obligation to inform you about the IRS Free File version of its software.

To take advantage of a free offer, you must start by using the IRS Free File version of the software. If you meet the qualifications, you can use the software for free, and you won’t be asked to pay for any of its features. You can’t just start by using a tax program’s “normal” free version.

To get started, visit the official IRS Free File website. You can browse all available Free File offers or use the IRS Free File lookup tool to discover the Free File software that supports your situation.

It’s a little complicated—different tax programs have different limitations. For example, TurboTax’s Free File Program software requires you to have an AGI of $39,000 or less. TurboTax’s standard free edition may still work for you if you have an AGI above that, but read the fine print: It’s only free for very simple tax returns. Use the IRS’s Free File website to see which Free File programs fit your financial situation…Read more>>

Source:-howtogeek

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