2024 IRS Free File: Companies Offering Free 1040 Tax Filing for 2023 Earnings

Each year, millions of Americans seek help in filing their taxes for the previous year, and the Internal Revenue Service (IRS) provides a valuable service through the Free File program. For the 2024 tax season, the IRS is partnering with eight companies to offer free tax preparation and e-filing services. This guide will help you understand the eligibility requirements and how to take advantage of these services.

How to Use IRS Free File

Using IRS Free File is straightforward. Here’s what you need to do:

Visit the IRS’s website: Start by visiting the IRS's official website where you can find the list of Free File partners. Check Your Eligibility: The website will ask you a series of questions to determine if you are eligible for the free guided tax software services. If your Adjusted Gross Income (AGI) is $79,000 or less, you can use the free services provided by the IRS’s tax preparation partners. Choose Your Partner: If you are eligible, you can choose from one of the eight reputable companies listed below, each offering different platforms for tax preparation:

IRS Tax Prep Partners for 2024

1040NOW FreeTaxUSA FileYourTaxes OnLine Taxes TaxAct TaxSlayer

These companies are authorized by the IRS to provide free Tax Preparation and Electronic Filing services for taxpayers meeting the eligibility requirements.

What Happens If Your AGI Exceeds $79,000?

If you earn more than $79,000 annually, you are still eligible to use IRS Free File, but the services are limited. Instead of the free guided tax software, you will need to use the IRS’s fillable forms tool to complete your tax return. This tool can be accessed online and can be used by anyone, regardless of income level.

Other IRS Free File Programs

While the primary IRS Free File program is for individuals, there are additional programs and tools available to assist with tax preparation. Here are a few related programs and resources:

IRS Direct File Program

The IRS Direct File program is a pilot initiative in 13 states that enables taxpayers to file their returns electronically through their financial institution. This program is designed to make the filing process simpler and more efficient for those who do business with certain participating financial institutions.

Tax Preparation Guide 2024

The Consumer Financial Protection Bureau's Tax Time: A Guide to Filing Your Taxes in 2024 provides comprehensive information on various aspects of tax preparation, including how to use the IRS’s tools and resources effectively.

How to Obtain a Copy of Last Year’s Tax Return

For those seeking a copy of their previous year’s tax return or a transcript, the IRS provides a convenient solution with its IRS Get Transcript tool. You can obtain these documents online, which may be needed for a variety of purposes including job applications or financial aid.

By leveraging the IRS Free File program and understanding the eligibility criteria and available options, you can make the process of preparing and filing your 2023 taxes easier and more efficient.