Corporate Tax Filing Deadlines for 2025
December 19, 2024
Did you know that Americans spend an average of $270 each year just to file their taxes, according to the Treasury Department?
The good news is that there are plenty of ways to file your taxes for free! If you meet certain income limits or have a simple tax situation, you could qualify for free filing options.
While they may not offer all the features of paid platforms or the personalized advice of a tax professional, they can still help you get the job done — and save you money in the process.
If you’re eligible, why not take advantage of these cost-free resources?
What is Direct File?
Direct File is a new initiative from the IRS that allows taxpayers to file their federal taxes directly with the IRS without relying on third-party software or services. This option is simple, secure, and completely free.
To qualify for Direct File, you must meet these requirements:
Direct File allows taxpayers to claim certain credits, such as the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC). However, it does not support itemized deductions or the reporting of additional income like capital gains, gig work, or rental property income.
The IRS estimates that around 30 million taxpayers will be eligible to use Direct File when filing their 2024 returns in 2025.
Visit the IRS website to check if you qualify for the Direct File option. Follow the prompts to create an account and start your free tax return.
If your state doesn't offer Direct File, you can still file your taxes for free using IRS Free File. This service is available for people with an adjusted gross income (AGI) of $79,000 or less in 2023.
IRS Free File is a collaboration between the IRS and eight popular tax preparation companies, such as TaxSlayer and FreeTaxUSA. Based on your income, age, location, and filing needs, you can choose which company to use. Some of these partners even offer free state tax filing.
This option is often overlooked. According to the Taxpayer Advocate, around 70% of Americans were eligible for IRS Free File in 2024, but only about 5% used it.
While IRS Free File is a great way to save money, it may not have all the forms you need for more complex tax situations. Additionally, there is limited support to help you get the biggest refund or reduce your tax bill.
Filing taxes can feel complicated, but free online tax software makes it much easier. These tools offer step-by-step guidance, allowing you to upload tax documents and even import past tax returns. Many tax software providers offer a free tier for simple returns, but these free versions usually have limited features and support.
In addition to IRS-backed options, many private tax software companies provide free versions of their platforms. While these versions are typically limited to simple tax returns, they are still a useful option for many filers.
Using free online tax software is a cost-effective and convenient way to file your taxes. It’s especially useful for those with simple tax situations, like W-2 income, and helps maximize tax credits and deductions.
The Volunteer Income Tax Assistance (VITA) program provides free, in-person tax help to individuals who typically earn $60,000 or less, people with disabilities, and those with limited English proficiency. The program is run by IRS-certified volunteers who offer personalized support to meet the unique needs of each filer.
To find a nearby VITA center, use the IRS VITA locator tool or visit the IRS VITA page. You may need to schedule an appointment before your visit. Be sure to bring all required tax documents, such as W-2s, 1099s, and any relevant identification, to ensure a smooth filing process.
The VITA program is a valuable resource for individuals seeking free, face-to-face tax help, especially for those with simple tax returns or specific filing needs.
The Tax Counseling for the Elderly (TCE) program offers free tax help to people aged 60 and older. It focuses on senior-specific tax issues, such as pensions, retirement income, and other related tax matters. This program is supported by the IRS and run through nonprofit and community organizations.
To find a TCE site near you, use the IRS TCE locator tool or visit the AARP Tax-Aide site. You can also call 888-227-7669 for assistance. Schedule an appointment and bring all necessary tax documents, like W-2s, 1099s, and identification, to ensure a smooth and hassle-free experience.
The TCE program is a valuable resource for seniors seeking personalized tax assistance and support with retirement-related tax questions.
What is milTax?
MilTax is a free tax filing service designed specifically for U.S. servicemembers, veterans, and their families. It is sponsored by the Department of Defense and offered through Military OneSource. The service provides guidance on unique military tax issues, such as filing in multiple states, reporting combat pay, and handling deployment-related tax matters.
Why use miltax?
To use MilTax, log in to Military OneSource and access the MilTax software. You can also connect with a MilTax consultant for personalized support and guidance. Be sure to have your tax documents ready to ensure a smooth filing process.
MilTax is a valuable resource for military members and their families, offering free, personalized support for unique military tax situations
With so many free options available, there's no reason to pay for tax preparation in 2025 if you meet the eligibility criteria for any of these methods. Whether you prefer to file online, seek in-person help, or outsource tax preparation service, there’s a solution for every taxpayer.
Make sure to explore the eligibility requirements and resources available for each option. Filing your taxes doesn't have to be expensive or stressful. With options like Direct File, IRS Free File, and in-person assistance, you can submit your tax return quickly and for free.
1. Are there any hidden fees with free tax filing services?
While the IRS Free File program guarantees 100% free federal tax filing, some third-party tax preparation software may advertise "free" services but charge fees for state filing, add-ons, or certain tax forms. Always read the fine print before filing.
2. When is the deadline to file my tax return for free in 2025?
The tax filing deadline is typically April 15, 2025. However, if the date falls on a weekend or holiday, it may be extended to the next business day. Filing early can help you get your refund faster and avoid penalties.
3. What if I missed the deadline? Can I still file for free?
Yes, you can still file for free if you miss the deadline. However, if you owe taxes, you may face penalties or interest. If you're owed a refund, there’s no penalty for late filing, but you should file as soon as possible to claim your refund.
4. Is it safe to file taxes online for free?
Yes, it is safe if you use IRS-approved Free File providers or reputable tax preparation software. Always ensure the site is secure (look for "https" in the URL) and avoid sharing personal information through unsecured methods.
BookkeeperLive provides affordable bookkeeping and accounting services tailored to your business goals.
No calls, No meetings, No spam. Get started with a free trial by filling out the form.
*NDA included for your data protection.
Copyright © 2023 BookkeeperLive. All rights reserved. Privacy Policy Terms of Use
Enter the code, fill out the form, and unlock financial clarity with a free trial.
