I know this is the time of year everyone looks forward to and that’s “tax time”! Can you hear the sarcasm in my voice? Seriously though, the 2025 tax filing season will begin on Jan. 27, which marks the first day the IRS will accept and process individual tax returns for 2024. Most taxpayers must file federal returns and pay taxes owed by April 15 this year to avoid penalties and interest. But filers affected by natural disasters could have more time. There are some free filing options. IRS Free File, which offers free guided tax prep through software partners, opened on Jan. 10. Eligible taxpayers can electronically file returns prepared via Free File partners starting on Jan. 27. Many are eligible for free tax preparation via programs like Volunteer Income Tax Assistance and Tax Counseling for the Elderly. Another free option for military members and certain veterans is MilTax. Just as a reminder here be sure to wait until you have ALL tax information from whatever accounts you have before doing your taxes.
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