As tax season approaches, many taxpayers are looking for affordable ways to file their returns. If you’re one of them, the IRS Free File Program is an excellent option to consider. This public-private partnership allows eligible individuals to prepare and submit their federal income tax returns online for free. At Alexis Robins, your trusted tax and accounting firm in Brooklyn, NY, we’re here to guide you through the IRS Free File process and enhance your filing experience.
What is an IRS Free File?
The IRS Free File Program offers two primary options for taxpayers:
- Guided Tax Software: If your adjusted gross income (AGI) is $79,000 or less, you qualify for free online preparation and submission through IRS-approved partners. This user-friendly option walks you through each step of the process.
- Free File Fillable Forms: For those with an AGI above $79,000, this option provides electronic federal forms similar to the paper 1040. However, it requires a good understanding of filing as you’ll need to complete the forms with minimal guidance.
Important Steps to Use IRS Free File:
To get started with the IRS Free File Program, follow these steps:
1. Visit IRS.gov: Always begin your process at the official IRS website to access Free File.
2. Choose Your Option: Select either the guided software or Free File Fillable Forms based
on your AGI.
3. Create an Account: You’ll be directed to an IRS partner’s site to create a new account or
log in.
4. Prepare and Submit: Complete your federal return online and e-file directly to the IRS.
5. Confirmation: You’ll receive an email notification when the IRS accepts your
submission.
Essential Information to Gather:
Before starting your preparation, collect the following documents:
● Acopyoflast year’s return (to access your AGI).
● Valid Social Security numbers for yourself, your spouse, and any dependents.
● Incomedocuments, including W-2s, 1099s, and any relevant receipts.
● Formsrelated to the Affordable Care Act, such as Form 1095-A, if applicable.
Signing Your Electronic Return:
When filing electronically, you must sign and validate your submission. Use last year’s AGI or
create a 5-digit self-select PIN as your electronic signature. If you can’t find your AGI, you can
retrieve it through your online IRS account or request a tax return transcript by mail.
HowAlexis Robins Can Help
Navigating the complexities of filing can be overwhelming, especially if you’re unfamiliar with the process. At Alexis Robins, we offer professional assistance to ensure you maximize the benefits of the IRS Free File Program.
Here’s how we can help:
● Personalized Guidance: Our experienced professionals can help you determine the best filing option based on your financial situation.
● DocumentPreparation: We assist in gathering and organizing necessary documentation, ensuring nothing is overlooked.
● Support During Preparation: While you may choose to use IRS Free File options, we can provide assistance during the process, answering any questions you may have.
● FuturePlanning: Our team can also help you strategize for future seasons, optimizing your approach to ensure you’re always prepared.
Conclusion
Taking advantage of the IRS Free File Program can save you time and money during tax season.
If you’re in Brooklyn and need assistance navigating your options, don’t hesitate to reach out to Alexis Robins. Our dedicated team is here to ensure a smooth and successful filing experience. Visit us at Alexisrobins.com for more information on our services and to schedule a consultation today.
