Tax season can often feel daunting and pricey as the April 15 deadline approaches. Fortunately, there are plenty of free or low-cost options to help you through the process.

As tax season officially began on January 27, the IRS started accepting returns. For most taxpayers, the deadline for filing personal federal tax returns, settling any owed taxes, or requesting an extension is Tuesday, April 15, 2024.

If you live in a federally designated disaster area, you might qualify for an extended filing period.

TAX SEASON DATES TO REMEMBER

Now that you’re aware of key dates, let’s explore how to file affordably. Various tax software providers allow free filing for individuals with straightforward tax returns, including:

These services enable you to file both federal and state taxes for free if you have a straightforward tax situation. While definitions of a “simple tax return” vary, they generally cover W-2 income, claiming the standard deduction, as well as the Earned Income Tax Credit and Child Tax Credit. More complex returns will likely require upgraded versions.

FILING TAXES WITH AN ADJUSTED GROSS INCOME UNDER $84,000

The IRS Free File program collaborates with the Free File Alliance, a non-profit organization. Tax services in this program are available to taxpayers with an Adjusted Gross Income (AGI) of $84,000 or less.

If you belong to the 70% of taxpayers who qualify, you can file your state and federal taxes at no cost. Check your eligibility using the Free File Online Lookup Tool. Be aware that some states may impose a separate fee for e-filing, though printing and mailing your return is always an option to avoid that cost. Remember, while most with an AGI of $84,000 or less qualify, each provider has unique criteria.

It's important to note that the IRS Free File program is distinct from the IRS Direct File, a new service available in 25 participating states allowing direct online filing with the IRS. While there have been discussions about discontinuing this service, officials assure it will continue throughout this filing season.

FILING TAXES WITH IN-PERSON ASSISTANCE

The Volunteer Income Tax Assistance Program (VITA) offers free tax preparation with IRS-certified volunteers for those who meet eligibility criteria. Typically, this includes people earning less than $67,000 annually, individuals with disabilities, non-English speakers, and seniors. For eligibility details click here and to locate a provider near you, click here.

FILING TAXES WITH COMPLEX RETURNS

TaxSlayer offers a free basic edition for simple returns, but also has products ranging from $22.95 to $59.95 for more complicated situations, such as stock ownership, rental property claims, or self-employment. Throughout the process, users can access TaxSlayer's “knowledge base” for answers to various tax-related questions.

FILING TAXES FOR MILITARY MEMBERS

MilTax provides a free tax preparation and e-filing service addressing military-specific tax situations like deployments, combat pay, housing, and multi-state filings. This service is offered through the U.S. Department of Defense's MilitaryOneSource network, which also includes phone, online chat, and in-person assistance.