101 million taxpayers are missing out on this free service

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101 million taxpayers are missing out on this free service
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Anyone with an adjusted gross income at or below $73,000 in 2022 can file taxes free. Here's how to do it and how to spot costly traps from other services.

The estimated share of tax filers who took advantage of a free filing program has grown in recent years. Unfortunately, so has the number of those not using it, resulting in billions in unnecessary spending.

For about 20 years the IRS has partnered with tax software providers, known as the Free File Alliance, to provide free online filing for taxpayers with qualifying incomes. This year, that income is $73,000: Anyone with an adjusted gross income at or below this level for tax year 2022 can file for free using at least one of these providers this year. The income cap is adjusted annually to ensure the lowest earning 70% of taxpayers can file for free online using tax software.

By nature of the Free File program, these taxpayers are the lowest earners in the country. As income tax filing moved from paper returns to online software over the past few decades, the program attempted to ensure these taxpayers had access to helpful programs that would allow them to file more easily and at zero cost.

Software provided by companies in the Free File Alliance is governed by strict regulations. But many tax software providers offer free versions of their own software, outside of the Alliance, that isn’t governed by the same rules. Don’t miss: ‘Taxpayers bring their racial identity onto their 1040’: White families are reaping over 90% of the benefit from this powerful tax rule

3. Be wary of suggested charges. No matter how you file, read all instructions carefully. Providers outside of the Free File Alliance offer add-ons like audit protection or one-on-one advising for additional fees. Know what you’re signing up for and get help if you’re unsure.

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