As tax season approaches, many of us start to think about how we can file our taxes and, if possible, get a tax refund. The good news is that starting in 2023, there will be new options for free tax preparation and filing that could make the process much easier for many Americans.
Under the Taxpayer First Act, the IRS will now be required to create a free, online tax preparation and filing service that will be available to all taxpayers. The service is expected to be similar to commercial tax preparation services, but will offer free software and support for individuals with incomes below a certain threshold.
In addition, many states are also starting to offer free tax preparation and filing services for their residents. These services are often provided by nonprofit organizations or community groups, and can be a great way to get help with your taxes if you are not comfortable doing them on your own.
If you prefer to file your taxes on your own, there are also several free tax preparation software options available, such as TurboTax Free File and H&R Block Free. These programs typically have income and other eligibility requirements, so make sure to read the instructions carefully before choosing a program.
Overall, the availability of free tax preparation and filing services is great news for all taxpayers. With these new options, more Americans will be able to file their taxes accurately and on time, and potentially receive a tax refund. Make sure to take advantage of these services in the upcoming tax season.
In conclusion, while filing taxes may not be the most exciting activity, it is an important one for all of us. The new options for free tax preparation and filing services in 2023 can make the process much easier and more accessible for everyone. So don’t forget to explore all the options available to you and get started on your taxes as soon as possible.
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