Filing Your Taxes for Free & How it Works

free file

Is free tax filing really “free”?

During tax season, many taxpayers wonder if free file through tax preparation sites is a myth. It turns out, it’s true but it solely depends on your tax situation. 

How taxpayers fall for advertising.

On the bright side, the best part about filing online is being able to file your taxes right from home. For one thing, you can avoid the hassle of waiting to see a tax accountant. On top of that, you even see options to file for free!

Unfortunately, not all tax sites who advertise for free tax filing can help taxpayers for free. Most tax sites will only allow you to file your taxes for free if you have a “simple” return; meaning taking the standard deduction. 

As a reminder, if you’re itemizing the deductions below, you cannot file for free. Continue reading “Filing Your Taxes for Free & How it Works”

The IRS has announced the start of the tax season!

when can you start filing taxes

Last night, the IRS confirmed that January 28, 2019 will be the start of the tax season.

Although live assistance from the IRS number isn’t available, their staff is determined to keep the tax season going. “We are committed to ensuring that taxpayers receive their refunds notwithstanding the government shutdown. I appreciate the hard work of the employees and their commitment to the taxpayers during this period,” IRS Commissioner Chuck Rettig said.

Now that you have an idea of when you should have your 2018 tax return prepared by, here’s what you need to know.

Will my refund still be delayed?

Continue reading “The IRS has announced the start of the tax season!”

How the government shutdown affects your taxes.

government shutdown

Update: The IRS has announced that the tax season will begin January 28, 2019 to start filing your 2018 tax returns!

Did you try calling the IRS?

Many taxpayers are confused as to how the government shutdown will affect the 2019 tax season. If you pick up the phone and contact the IRS, you’ll receive a short message instead of the typical menu. “Welcome to the IRS. Live telephone assistance is not available at this time. Normal operations will resume as soon as possible,” is what you hear when you call their toll free number.

Overall, this means that all IRS offices are closed because of the government shutdown. Read on to find out what you need to know for this tax season.

First off, what does “government shutdown” mean?

Continue reading “How the government shutdown affects your taxes.”