Tax season can be stressful. Trying to figure out what forms you need to file and the boxes you need to check can be a real headache. But filing your taxes is an important opportunity to claim certain government benefits. In fact, you might be eligible for a refund in the thousands of dollars. In this article we share three great ways to file your taxes, for free (or almost free!), so that you get all of the tax credits available to you.
Depending on your income, in the last year, filing your taxes has meant you were potentially eligible for up to $1,800 in stimulus checks from the federal government. Beyond stimulus checks, every year, thousands of people qualify for credits like the Earned Income Tax Credit and the Child Tax Credit. But to get tax credits and money back in your pocket, you need to file your taxes and make the correct claims. So how do you do this easily and on the cheap? We’ve compiled our three favorite resources for free tax filings.
Tip #1: getyourrefund.org
We love getyourrefund.org. Created by Code For America, this site helps families who make less than $66,000 a year file their taxes. The site itself was specifically created to ensure people are getting all tax credits available to them. When you go to the site, if you select that you want help with filing your taxes, you’ll get connected with a real live person who will help you file. If you don’t need live, in-person assistance, you’ll get linked to myfreetaxes.com, which is a free tax filing site powered by the United Way.
Tip #2: Credit Karma Tax
The second option we’re recommending for free tax filing is Credit Karma Tax. It’s one of the few truly free options for filing your taxes Many tax software programs claim to be free, but then they require you to upgrade to a paid version of the software when you try to claim certain deductions like student loans, childcare expenses, or HSA contributions. Credit Karma Tax is always free. It has a simple, easy to use interface, and provides semi-guided navigation to support you as you complete your filing. It’s important to note, however that it can’t support multi-state filings, and filers with more complex investments, so if you fall into one of these buckets, you may want to look elsewhere.
Tip #3: FreeTaxUSA
Finally, the third platform we recommend for filing your taxes is FreeTaxUSA. FreeTaxUSA is one of the best value-for-money platforms out there. They’ll do your federal return for free but they do charge $12.95 for each state filing. It’s a great platform for people who are slightly more experienced in filing their own taxes and whose filing needs can’t be met by the free options we’ve recommended
Now you know three easy ways to start a tax filing. If you have questions, feel free to email us at email@example.com