Because the standard deduction has increased due to recent tax changes, more filers will be using the standard deduction instead of itemizing. This less complicated method may make it easier for people to use IRS free file or other low/no cost filing methods.
Free tax preparation options
Not sure what to expect this tax season and want to save money?
Read our article Tax Season Explained which outlines when you should worry about witholdings and how early you should get started preparing.
Below are some links to find free tax prep options I think should help.
- Filing electronically and using direct deposit is a fast way to receive your tax refund.
Avoid advanced refund options offered by tax preparers that charge high fees.
- IRS free file https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free
- My Free Taxes (sponsored by United Way) If your household earned less than $66,000
in 2018, you can file both your federal and state returns for free using MyFreeTaxes.com.
This is the only free, national, online tax filing product offered by a nonprofit.
United Way has made it available to over 100 million U.S. taxpayers as part of our
fight for the financial stability of every person in every community. https://www.myfreetaxes.com/
- VITA and TCE, Volunteer Income Tax Assistance and Tax Counseling for the Elderly sites
do free tax prep in person. For locations, check here https://irs.treasury.gov/freetaxprep/
- AARP Tax Aid https://secure.aarp.org/applications/VMISLocator/searchTaxAideLocations.action
- Here are the latest details from IRS about tax reform: https://www.irs.gov/pub/irs-pdf/p5307.pdf