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How to pay taxes in 2023 (and get your refund fast)

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It’s time to get ready for the 2023 tax season. Nearly every taxpayer will file his taxes electronically in 2023, according to the IRS. Are you one of them?Think of this as a guide to everything you need to help you file your federal and state tax returns in no time today.

TurboTax Packages, $0 to $199

H&R Block, $0 to $85

When will the IRS start accepting returns in 2023?

The IRS began accepting tax returns for the 2023 tax season on Monday, January 23, 2023. Once you have all the required documents from your employer, bank, and other agencies, you can file your tax return.

Remember the sooner you submit (if any).

When is the tax deadline for 2023?

Tuesday, April 18, 2023 is the deadline for most Americans to file their tax returns.

On January 11, 2023, the IRS announced that California storm victims have until May 15, 2023 to file and pay various federal personal and business tax returns. bottom. The IRS is offering extensions to people in areas designated by the Federal Emergency Management Agency (FEMA). The territories included cover most of the state, including Los Angeles and San Francisco. Think you’re eligible for an extension? Click here to view the full list.

Need more time to file? According to the IRS, you should request an extension of the filing deadline. In order for the filing deadline to be automatically extended by 6 months, it must be filed. Form 4868Extending the filing deadline is not an extension of the payment deadline. Late penalties may apply for taxes not paid by the original due date of the return.

How to file your taxes electronically in 2023

When it comes to electronic filing, also known as online filing, there seem to be as many options as there are forms to fill out. Which online filing option is right for you depends on your income, budget, the complexity of your filing, and your patience with completing the form.

We found the best online tax filing options, including IRS Free File and turbo taxit should work for almost all types of taxpayers.

Looking for motivation to get started? The sooner you file your tax return, the sooner you will get your tax refund.

turbo tax

turbo tax

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intuitive turbo tax is a giant in the tax preparation space. 73% of sales During last year’s high tax season, according to data analytics firm Bloomberg Second Measure. Its services are basically he divided into two areas. A do-it-yourself online tax and a tax-friendly online tax.

Do-It-Yourself Bucket allows you to electronically file federal returns for $0 via a “free version” service. So the only form you need to submit is 1040. However, not all taxpayers are eligible. )

If you have itemized deductions, schedules, or unemployment income (reported in 1099-G), you’ll want at least the TurboTax “Deluxe” tier, which currently sells for $39.

Other TurboTax packages for sale are “Premier” ($69) and “Self-Employed” ($89). “Self-employed” is recommended for those who report income and expenses of self-employed as the name suggests. All DIY tiers from ‘Deluxe’ to ‘Deluxe’ will incur an additional charge for electronic filing of state tax returns (fee can be avoided by printing and mailing state tax forms from TurboTax) .

There are some potential advantages to using a paid TurboTax package over IRS Free File. The software helps uncover deductions you may have missed and alerts you to the level of audit risk. , and “self-employed” tiers, with tax experts to advise (a cheaper option called TurboTax). live) or a tax professional who handles your tax straight for you (a more expensive option called TurboTax Live Full Service).

All TurboTax packages including “Deluxe”, “Premier” and “Self-Employed” are billed as “Start Free”. This seems to imply no upfront payment. (“We only pay when you submit your files,” the site says.)

(For more information, see our article on .)

TurboTax file-your-own-taxes package, $0 to $89

TurboTax Deluxe 2022 tax software (includes State), $56 (down from $70)

H&R Block

H&R Block

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H&R Block offers four online filing options. They are called “Free Online”, “Deluxe”, “Premium” and “Self Employed”. Many of these options are now for sale.

The “free online” charged at $0 is for those who want a very simple return, such as W-2 income only.Unlike TurboTax, H&R Block’s free tier also applies to those with unemployed income. will be The cost of returning to the state at this level is $0 as well, according to the H&R Block site.

If you have itemized deductions, Health Savings Accounts (HSAs) and/or real estate deductions, H&R Block customers are encouraged to consider “Deluxe” level or higher. Live technical support is included in the “Deluxe” ($35), “Premium” ($55), and “Self-employed” ($85) packages.

Like TurboTax, H&R Block bills all paid packages as ‘start free’.

H&R Block, $0 to $85

tax law

tax law

TaxAct (screenshot)

After TurboTax and H&R Block, tax law is the next largest tax preparation software service. Among the big three, TaxAct is currently the only partner. IRS free filesTaxAct not only offers its services to eligible taxpayers, but also offers a variety of online filing packages for all customers, regardless of income bracket.

Like TurboTax and H&R Block, TaxAct has a free tier (literally “free” in the name) that covers simple earnings such as W-2 income, unemployment income, etc. State filings at this level generally cost $35 per state filed.

Other TaxAct packages are: “Deluxe” ($25). “Premier” ($35); and “Self-Employed” ($65). At each of these levels, state returns, if requested, will cost $45 per state filed.

All four packages, including ‘Free’, come complete with access to a tax expert over the phone. And yes, all of TaxAct’s premium packages are billed as ‘start free’.

TaxAct, from $0 to $65

IRS free files

How can I file my taxes online for free in 2022?

IRS.gov (screenshot)

2020 US watchdog found Less than 3% of the 104 million U.S. taxpayers were able to file their returns online for free. IRS Free File used the program. Don’t leave free service on the table this year. If you are considering filing your federal return electronically, IRS Free File should be your first destination. As CBS News pointed out, the IRS-backed program is the “only surefire way” to file a free federal return.

This year, the IRS Free File is open to all U.S. taxpayers with 2022 adjusted gross income of $73,000 or less. Also, it doesn’t matter if you are reporting unemployment income or capital gains. If you meet the program’s income eligibility, the IRS Free File will find you online services to calculate your taxes, answer so-called “easy” questions, and file your return, all for free.

One important note: For the 2023 tax season, eight companies are participating in the IRS Free File. tax law and tax slayer.

The easiest way to see what’s available for IRS Free Files is to visit: IRS websiteEnter your age, state of residence, adjusted gross income, and other details. Our system will show you which tax prep partner is right for you. Inside it says to double check and prepare and file federal tax free.

free file entry form

free file entry form

FreeFileFillableForms.com (screenshot)

free file entry form is a sister service of IRS Free Fileavailable to all taxpayers, including those who earned $73,000 or more in 2022. Similar to the IRS Free File, it is a completely free online filing option.

Free File Fillable Forms, a seasonal program, opens mid-January through mid-October each year. This is an online repository for all forms required for federal filing. Once the work is done, the return can be electronically signed and sent through the site.

Free File Fillable Forms certainly have their limitations. No advice. It does not return the status. You cannot file a federal return outside the current tax year. Once submitted, no modifications can be made. And, as the IRS warns, “wide range“Math check for your numbers.

Related content from CBS Essentials:

https://www.cbsnews.com/essentials/the-irs-is-now-accepting-tax-returns-how-to-do-your-taxes-in-2023-03-01/ How to pay taxes in 2023 (and get your refund fast)

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