IRS Issues Important Updates for People Earning Less Than $84K; Check Details Regarding Taxes

Honk News – Individuals earning $84K or less last year can access programs that assist in filing their federal taxes at no cost.

If your adjusted gross income (AGI) is $84,000 or below, you have the option to take advantage of one of the Free File IRS partner offers to submit a federal tax return at no cost. Several programs also provide complimentary state returns.

The IRS provides a Free File Online Lookup Tool designed to assist you in discovering an offer that you may be eligible for. The IRS will begin accepting and processing individual tax returns on January 27, 2025.

IRS Free File Initiative

The IRS collaborates with the Free File Alliance to offer a complimentary filing option. A coalition of private-sector tax preparation firms has committed to offering complimentary online tax preparation and electronic filing services. Once you select a program from the IRS website, you will be taken to the provider’s website.

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The IRS states that those eligible for the Free File federal return offer should not incur any charges for the preparation and e-filing of their federal tax return. While you may incur fees for state taxes, it is essential for the company to inform you about these charges. Certain programs provide options for complimentary state tax filings.

Is This Secure?

The IRS confirms that they indeed are. Your data remains secure from unauthorized access during transmission to the IRS. Your tax return information cannot be disclosed or utilized by the companies without your explicit consent. According to the IRS, the companies must adhere to the Privacy and Safeguards Rules set by the Federal Trade Commission, as well as the regulations for e-filing.

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