If you’ve been putting off your tax return, you’re not alone. With the October filing extension, many taxpayers have delayed this task. However, the IRS has an important message for you, particularly if you’re aiming to avoid the October 15 rush.
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IRS Free File
The IRS is encouraging taxpayers to use the IRS Free File program. This tool is not only convenient but also free, provided your Adjusted Gross Income (AGI) is $79,000 or less. Filing over the summer, when you might have more free time, can save you the stress of last-minute filing.
Free File is straightforward and available 24/7, making it accessible whenever you’re ready. It’s crucial not to wait until the last minute because rushing your tax return can lead to costly mistakes. If you have all your documents ready, it’s best to file now rather than later.
Interactive Tax Assistant
The IRS also offers the Interactive Tax Assistant (ITA), a tool designed to help you find answers to nearly all tax law questions. The ITA can be particularly useful as the October 15 deadline approaches.
If you don’t already have an IRS Online Account, it’s a good time to create one. This account will allow you to access your tax records, set up communication preferences, and make future payments easily.
Benefits of an Online Account
An IRS Online Account isn’t just for viewing past tax returns. It’s a versatile tool that lets you:
- Check the status of your refund
- Make payments
- View your payment history
- Access tax records
- Set up payment plans
Having immediate access to this information can save you time and stress, especially as the deadline nears.
Avoid Penalties
Paying your taxes on time is crucial. Delaying payments can lead to interest charges and penalties, which can add up quickly. If you haven’t paid your taxes yet, make it a priority to do so. The sooner you file and pay, the sooner you can stop worrying about potential fines.
Check Refund Status
Once you’ve filed, don’t forget to check the status of your refund. The IRS’s “Where’s My Refund?” tool is available at https://www.irs.gov/wheres-my-refund. This tool is updated daily, typically overnight, and can provide you with the latest information on your refund status.
Filing your taxes doesn’t have to be stressful, even if you’re using the October extension. By taking advantage of tools like IRS Free File and the Interactive Tax Assistant, you can file accurately and on time. Don’t wait until the last minute—use the resources available to make the process as smooth as possible.
FAQs
What is IRS Free File?
A free online tax preparation service for eligible taxpayers.
Who can use IRS Free File?
Taxpayers with an AGI of $79,000 or less.
What does ITA stand for?
Interactive Tax Assistant.
Why create an IRS Online Account?
To access tax records and manage tax-related activities.
How can I check my refund status?
Use the “Where’s My Refund?” tool on the IRS website.