There are 70% taxpayers in the US which can file their income tax returns for free. Taxpayers whose gross income is below $69,000 in a year, are eligible to file their income tax return free of cost.
The federal tax season is about to start from 27 January 2020. There are a hundred million people in the country that are eligible to file their income tax returns for free. There are many tax consultants linked to the IRS’ websites, which taxpayers can take help of, to file their income tax return.
The free file fillable forms are available on the IRS’ website. People whose income has remained lower than $69,000 in 2019, can use these forms. IRS is suggesting taxpayers to visit a tax consultant like Robert Hall and Associates, because these forms are difficult to understand. There are many qualified financial firms in the US that help taxpayers to file their tax every year.
The professional tax prepares are experienced professionals that are helping the US people to save their money with future tax planning.
IRS is claiming to refund all the submitted tax files within the three weeks if the taxpayers use electronic ways to file their income tax returns. People who will file their tax through paper might have to wait for six weeks for the returns.
Employers in the country are required to provide their employees with W-2 forms. The IRS has set April 15 as a deadline to receive income tax return files. People who are working as freelancers need multiple 1099 forms. It is better to look for a tax consultant to understand each field of the forms.