Filing taxes doesn’t have to be stressful! The IRS has shared six key tips to help taxpayers prepare and file their 2024 tax returns with ease. Follow these steps to streamline the process and avoid unnecessary delays.
1. Gather All Necessary Documents
Before filing, make sure you have all required documents to ensure accuracy and avoid errors that could delay your refund. These include:
- Social Security numbers for all listed on the return
- Bank account and routing numbers
- W-2s, 1099s, 1098s, and records of digital asset transactions
- Form 1095-A (Health Insurance Marketplace statement)
- Any IRS letters regarding tax deductions or credits
2. Report All Sources of Income
To avoid IRS notices or unexpected tax bills, make sure to report all income sources, including:
- Online sales from goods created and sold
- Investment income
- Part-time or seasonal jobs
- Self-employment or business activities
- Payments received via mobile apps
3. File Electronically for a Faster Refund
Skip the paperwork and file electronically with direct deposit for the fastest refund. Tax software minimizes errors by handling the calculations and guiding you through each section of your return.
4. Take Advantage of Free IRS Resources
The IRS offers several free filing options for eligible taxpayers:
- IRS Free File: Available to individuals and families earning $84,000 or less in 2024.
- Direct File: Available in 25 states, this IRS tool supports more income types and deductions, offers live chat support, and works on all devices.
- Free File Fillable Forms: For those earning above $84,000 who prefer to handle their own tax preparation.
- VITA & TCE Programs: Free tax help for those earning $67,000 or less, seniors, individuals with disabilities, and limited English-speaking taxpayers.
- MilTax: A free tax service for military personnel, veterans, and their families, with no income restrictions.
5. Choose the Best Filing Method for Your Needs
There are several ways to file your taxes based on your comfort level and situation:
- Self-filing using tax software or paper forms
- Online filing services for guided assistance
- Professional tax preparers—be sure to choose a trusted provider. Use the IRS Directory of Federal Tax Return Preparers to find a qualified professional.
6. Use IRS Online Tools for Quick Assistance
IRS.gov offers 24/7 access to resources that help answer tax-related questions, check refund statuses, and make payments—no waiting or appointments needed. Helpful tools include:
- Interactive Tax Assistant for answering common tax questions
- Let Us Help You page for quick access to IRS support
- IRS2Go mobile app for tracking refunds and accessing tax help on the go
- IRS social media & YouTube channels for tax updates and educational videos
Stay Informed and Ahead of Tax Season
Following these IRS recommendations will help you file accurately and efficiently, ensuring a smoother tax season. Stay updated by subscribing to IRS email alerts, following official social media pages, and utilizing IRS.gov resources. Filing smart means filing stress-free!