The Tax Filing season is upon us! We are going to review some of the best options for free tax filing for your 2022 returns. Hopefully, this will at least help alert people to the fact that they have multiple comprehensively free filing options available.
Table of contents
What is my current Tax Bracket?
Knowing which tax bracket you are in can help you make better financial decisions. You current tax bracket depends on your ATI(Annual Taxable Income) and the way you are filing your taxes. You can find your current tax bracket with this simple calculator or using the below table.
| Tax Rate | Single filers | Married filing jointly | Married filing separately | Head of household |
|---|---|---|---|---|
| 10% | $0 to $9,950 | $0 to $19,900 | $0 to $9,950 | $0 to $14,200 |
| 12% | $9,951 to $40,525 | $19,901 to $81,050 | $9,951 to $40,525 | $14,201 to $54,200 |
| 22% | $40,526 to $86,375 | $81,051 to $172,750 | $40,526 to $86,375 | $54,201 to $86,350 |
| 24% | $86,376 to $164,925 | $172,751 to $329,850 | $86,376 to $164,925 | $86,351 to $164,900 |
| 32% | $164,926 to $209,425 | $329,851 to $418,850 | $164,926 to $209,425 | $164,901 to $209,400 |
| 35% | $209,426 to $523,600 | $418,851 to $628,300 | $209,426 to $314,150 | $209,401 to $523,600 |
| 37% | $523,601 or more | $628,301 or more | $314,151 or more | $523,601 or more |
How much Tax Refund I will get this year?
Finding out the amount of tax refund you will get each financial year is a tricky question. As it depends on lot of other factors. You can use this Tax Refund calculator if you want to find out how much you will get after the Free tax filing in 2022.
Can we file our tax for free at IRS.gov?
Yes, you most definitely can! IRS has free tax filing program called IRS FreeFile . Which is a partnership with online providers like below to file your returns for free! Although IRS IRS will not offer any free publicly-funded tax software beyond Free Fillable Forms. but they partner with some of the companies to provide their free versions.
Currently These are the online partners available under IRS FreeFile program.
- TaxAct
- AGI [Annual Gross Income] of $65,000 or less
- Age 56 or younger
- Free state filing in AR, AZ, GA, IA, ID, IN, KY, MA, MI, MN, MO, MS, MT, NC, ND, NH, NY, OR, RI, SC, VA, VT, and WV
- TaxSlayer
- AGI of $39,000 or less
- Any age
- Free state filing in AR, AZ, DC, GA, IA, ID, IN, KY, MA, MI, MN, MO, MS, MT, NC, ND, NY, OR, RI, SC, VA, VT and WV
- All tax forms, schedules, credits, and deductions are included
- Unlimited phone and email support
- FreeTaxUSA
- AGI of $41,000 or less
- Any age
- Free state filing
- OnlineTaxes (OLT)
- AGI between $16,000 to $73,000
- Any age
- Free state filing
Which state residents do not have to file Income Tax?
If you are in the states of AK, FL, NV, SD, TX, WA, or WY you do not have to file state income tax. You also don’t have to file state income in NH or TN unless you received 1099-INT or 1099-DIV income, so a federal-only free offer may be appropriate for you as well.
What is the last date to file taxes for 2022?
The 2022 Tax Season deadline to file or file for an extension is April 18. This year you get 3 more days to file your taxes before the deadline.
What are my other options to filing tax for Free in 2022?
Following are the most famous and easier options for your State and Federal Tax Filing for year 2022.
Cash App Taxes
You might be aware of Credit Karma, which was offering a completely free home-grown tax filing option for both federal and state. Last year this was purchased by Square( Owner of Cash App) , and is now called Cash App Taxes and is designed mostly to work on a mobile device.
You can still use a desktop browser, but first must download and sign in to Cash App (Also Get $5 Free for using Referral Code HDLKGRL) on a mobile to activate the account.
- Any AGI
- Any Age
- Free State Filing
- You—and your spouse if you’re married filing jointly—lived and earned income in only one state for the entire tax year
- Filing your Federal tax return without filing a state tax return
- Don’t support Multi-State Returns filing
- They do not support Filing state taxes without filing federal taxes
- They also do not support Increased standard deduction reporting
You can find out complete list of situations they support and do not support.
TurboTax Free
TurboTax, the giant of tax software, has a highly limited, multi-level free program available for filers of simple tax returns, where simple means Form 1040 only. Which covers W-2 income, limited interest and dividend income, the standard deduction, the earned income and child tax credits, and student loan deduction. However, there is no AGI restriction.
- Any AGI
- Any age
- Free state filing
- TurboTax Live Basic (offering on-demand expert help) is free until Mar. 31
- TurboTax Free (no live support) is available “all tax season.”
H&R Block
H&R Block’s free offering is also for simple returns of any income level, but includes quite a few more supported situations than TurboTax’s 1040-only offer, including those for unemployment income, tuition payments, and education credits.
- Any AGI
- Any age
- Free state filing
- There is No Live Free Support
TaxSlayer
Just like TurboTax, TaxSlayer free program also covers only simple 1040 returns.
- Any AGI
- Any age
- Free state filing
TaxAct, FreeTaxUSA and OLT ( States Taxes Charges Additional)
Lastly, TaxAct Free , FreeTaxUSA , and OLT also have free tiers with no AGI limits but with way more forms available than 1040 (and in the case of Tax Act, live support as well !). However they require additional fees for state filing ($39.99, $14.99, and $9.99 respectively).
You can use any of the listed method here, but just keep in mind, Companies mainly keep their free filing tier to attract customers and then up sell their paid program. They may also have many limitations on their Free tiers which in turn will route you to their paid programs.
Please do not forget to comment if you have any other tax filing options we may have missed.
Happy Filing!
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