The IRS has announced its Free File program is available for individuals who have extended their tax filing date until October 15, 2021. Many individuals have not received their full Economic Impact Payment and should use Free File to receive a 2020 Recovery Rebate Credit.
Free File is a partnership between the IRS and multiple software providers. The software companies have agreed to provide free federal income tax software for individuals with income at or below $72,000.
To use Free File, you will need to go to IRS.gov and access the Free File page. You will need documentation of your income such as an IRS Form W-2 or Form 1099. You will need to indicate your current filing status, show any adjustments to your income and list the names and Social Security Numbers of qualified dependents.
The IRS emphasizes that the information you provide will be secure. The Free File companies have an agreement with the IRS that your tax return information will only be used for preparation of your return, unless you consent to other services. The service is free and there are no costs, with the...More