E-file and direct deposit help expedite tax refunds

E-file and direct deposit help expedite tax refunds:

January 14th 2022
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Summary:

E-file software helps you avoid mistakes by doing the math. It guides you through each section of your tax return using a question-and-answer format. This is important because the IRS recently incorporated changes to the tax laws into forms and instructions like the 1040 and 1040-SR.

You should file electronically using a direct deposit as soon as you have everything you need to file an accurate return. Here's why electronic filing is best.

E-file software helps you avoid mistakes by doing the math. It guides you through each section of your tax return using a question-and-answer format. The IRS incorporated recent changes to the tax laws into forms and instructions like the 1040 and 1040-SR. The agency shared these updates with its partners to ensure e-file software is accurate.

You qualify to prepare and e-file your federal income tax return for free through IRS Free File if your Adjusted Gross Income is $73,000 or less. You may also qualify to have your taxes e-filed for free through IRS volunteer programs. Volunteer Income Tax Assistance offers free tax preparation to people who generally earned $58,000 or less. Tax Counseling for the Elderly generally helps people who are age 60 or older.

IRS
About The Author:

The mission of the IRS is to provide America's taxpayers top quality service by helping them understand and meet their tax responsibilities and enforce the law with integrity and fairness to all.

This mission statement describes our role and the public’s expectation about how we should perform that role.

  • In the United States, the Congress passes tax laws and requires taxpayers to comply.
  • The taxpayer’s role is to understand and meet his or her tax obligations.
  • The IRS role is to help the large majority of compliant taxpayers with the tax law, while ensuring that the minority who are unwilling to comply pay their fair share.

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Internal Revenue Service 1111 Constitution Ave., NW Washington, DC 20224

Contributing since February 17th 2022.