Americans are spending over $14 billion on tax preparation services this year, according to IBISWorld. Millions of taxpayers may be eligible for free filing services.
program allows qualified taxpayers to prepare and electronically file their federal tax returns through commercial tax preparation software.
While Free File provides qualified Americans with free software to prepare their returns on their own, other taxpayers may need more personalized assistance. Theprogram, or VITA, provides free services to taxpayers who earn $60,000 or less a year, people with disabilities and people with limited English-speaking abilities.
VITA sites can be located across the country and are primarily located in community and neighborhood centers. Depending on the state, there may be other free filing services available to taxpayers to prepare and file their state returns."Check your state department of finance and taxation to see if they have their own Free File set up," O'Connell Rodriguez said."Some states will even allow you to just file your return for free right through your state's department of finance."
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