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For tax-filing season 2024, the IRS announced a pilot of Direct File, where people can calculate and submit their federal taxes and some state taxes in partnership with select state tax agencies for free. This initiative came as a result of the 2022 Inflation Reduction Act, signed into law by President Joe Biden. [5]
The IRS says 30 million taxpayers qualify to use the free service this year: pretty much anyone with a relatively straightforward return. The Direct File site will help you decide if you are eligible.
You can use Worksheet 1 in IRS Publication 915 to figure out exactly how much you’ll pay in taxes on your Social Security benefits. In general, though, if your provisional income is below ...
As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ – see below for explanations of each) used for such returns.
IRS Publication 590-A, Contributions to Individual Retirement Arrangements; IRS Publication 590-B, Distributions from Individual Retirement Arrangements; Retirement Plans FAQs regarding Required Minimum Distributions; Required Minimum Distributions Video and Article Explanations; Required Minimum Distributions Other Answers
The IRS' new Direct File pilot will be available for free in 13 states, but some filers might not be able to use the program.