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The IRS also launched its new Direct File service for the 2024-2025 season. Taxpayers in 25 states are now eligible to use the free service if they made no more than $200,000 in 2024 for a single ...
The IRS's new, free filing software for relatively simple tax returns is now available in 12 states. ... 2024 at 2:29 PM. ... rental income or money from payment apps and online marketplaces, can ...
Although originally planned, the IRS announced that it's delaying a new tax reporting law for third-party payment services like Zelle, Cash App, PayPal and Venmo to report earnings over $600 to the...
As part of its effort to provide U.S. residents with a free tax-filing service, the IRS has partnered with 13 states as part of its Direct File pilot program for 2024.
This process will eventually expand to more users and could be an alternative to private tax services like H&R Block or Turbo Tax. IRS to test free tax software in 13 eligible states for 2024 Skip ...
Specifically, the bill “directs the Internal Revenue Service (IRS) to establish a Community Volunteer Income Tax Assistance Matching Grant Program to provide matching funds for the development, expansion, or continuation of tax preparation programs to assist low-income taxpayers and members of under-served populations.”
That is the first day the agency will start accepting and processing 2024 income tax returns. ... out you still owe money, you will be hit with a late-filing penalty if your return is late ...
In fact, Direct File doubled its reach to 25 states for the 2025 tax season, up from 12 states in 2024, the program’s pilot year. ... you may have other options to file your tax return for free.