tax return form income calculator irs individual

It’s that time of the year where you receive multiple forms to file your taxes, and as they pile up you begin to wonder where to find the tax forms to file and how to figure out what information you really need? Wouldn’t it be nice if you could get someone to help you through this cumbersome process? The good news is you can, and it’s free!

Here’s the information sent out by the IRS.


IRS Free File: Ideal for young and first-time filers

What is this?

Most Free File users are under the age of 30 with modest incomes. The Free File adjusted gross income limit for 2020 is $69,000. For those who want to do their own taxes, Free File means free tax preparation, free electronic filing and free direct deposit, which is the fastest way to get a refund.

How does it work?

  1. Go to IRS.gov/freefile to see all Free File options.
     
  2. Browse each of the 10 offers or use a “look up” tool to help you find the right product. Each Free File partner sets its own eligibility standards generally based on income, age, and state residency, but if your adjusted gross income was $69,000 or less, you will find at least one free product to use. Two products are in Spanish.
     
  3. Select a provider and follow the links to their web page to begin your tax return.
     
  4. Complete and e-file your tax return only if you have all the income and deduction records you need. The fastest way to get a refund is by filing electronically and selecting direct deposit. If you owe, use direct pay or electronic options.

For more information on free file, visit irs.gov/freefile.

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Written by Triena Bodart
Financial Aid Manager