Government

IRS offers top tips to make tax time easier

By Staff Report, posted 1 year ago

The Internal Revenue Service provided taxpayers with six tips to make filing their 2024 tax return easier.

Most of the information below is also available on the IRS.gov Let Us Help You page. Taxpayers should follow these handy suggestions as they prepare to file:

  1. Gather all important and necessary tax paperwork and records needed for filing a complete and accurate tax return. Errors and omissions can lead to missing a deduction or credit and slow down tax return processing and refunds.

Before filing, taxpayers should have their:

  • Social Security numbers for everyone listed on the tax return.
  • Bank account and routing numbers.
  • Tax forms such as W-2s, 1099s, 1098s, records of digital asset transactions and other income documents.
  • Form 1095-A, Health Insurance Marketplace statement.
  •  IRS letters they may have citing an amount received for a certain tax deduction or credit. 
  1. Report all types of income on the tax return to avoid receiving a notice or a bill from the IRS. Include income from:
  • Goods created and sold on online platforms.
  • Investment income.
  • Part-time or seasonal work.
  • Self-employment or other business activities.
  • Services provided and paid through mobile apps.
  1. Avoid paper returns. Filing electronically with direct deposit is the fastest way to get a refund. Plus, tax software helps taxpayers avoid mistakes. It does the math and guides people through each section of their tax return.
  2. Consider IRS free resources to help eligible taxpayers file.
  • IRS Free File provides a free online alternative to filing a paper tax return to any individual or family who earned $84,000 or less in 2024.
  • Direct File is available in 25 participating states for eligible taxpayers to file online directly with the IRS for free. This year, Direct File supports reporting more income types and claiming more credits and deductions. The free web-based service – available in English and Spanish – provides access to IRS customer service representatives through a live chat feature and works on mobile phones, laptops, tablets or desktop computers. Direct File guides taxpayers through a series of questions to prepare their federal tax return step-by-step and automatically guides taxpayers to state tools to complete their state taxes.
  • People who make over $84,000 can use the IRS' Free File Fillable Forms. These are the electronic version of IRS paper forms. This product is best for people who are comfortable preparing their own taxes.
  • People who generally make $67,000 or less, persons with disabilities, limited English-speaking taxpayers and those who are 60 years of age and older, can also find free one-on-one tax preparation help around the nation through the Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) programs.
  • The Department of Defense provides MilTax as a free tax resource for the military community. MilTax is a suite of tax services available for members of the military, as well as qualifying veterans and family members. There are no income limits. Eligible taxpayers can use MilTax to electronically file a federal tax return and up to three state returns for free.
  1. Choose tax filing options based on personal situation and comfort level with tax preparation:
  1. Use online resources at IRS.gov to quickly get answers to tax questions, check a refund status or pay taxes. There’s no wait time or appointment needed. Online tools and resources are available 24 hours a day, including the IRS’ Interactive Tax Assistant tool and Let Us Help You resources, which are especially helpful.
Ico insights

INSIGHTS

SPONSORS' CONTENT
cape-fear-valley-health john-bigger headshott

Putting mental health first: Inside Cape Fear Valley Health’s behavioral health system

John Bigger - Corporate Director of Behavioral Health, Sleep Medicine and Clinical Research, Cape Fear Valley Health
fayetteville-state-university brittany-mundy headshott

A smart next step: Why adult learners are choosing Fayetteville State University

Brittany Mundy - Executive Director for Adult Learners, Transfer, and Military Students, Fayetteville State University
trp-sumner ashley-barrett headshott

Understanding 1031 Exchanges: A Strategic Tool for Real Estate Investors

Ashley Barrett - CPA, Partner, TRP Sumner

In The Current Issue

See the brilliance: Dunn artist creates and sells glass artwork that shines brightly

Cindy Akers-Gilford creates stained glass, fused glass, mosaics, handmade glass jewelry, pendants, suncatchers and other original glass artwork in her studio in Dunn, N.C. Photos provided by Cimply Broken.Self-made Artist and Founder of Cimply Broken


Brushstrokes of hope: Art therapy for cancer patients and their caregivers

 FirstHealth’s art therapy for cancer patients and caregivers helps attendees reduce stress through creative expression. Photo provided by Deborah Yarborough.Group therapy can provide much-needed support and comfort during difficult times, and t


Art that serves others: How a Harnett County muralist is making a lasting mark in her community

Van Goat Studios, which has been operating since 2019, has allowed Johnson to express herself and reflect the spirit of local communities through murals. Photo provided by Elyse Johnson.Elyse Johnson of Van Goat Studios in Dunn wants to spread her ar