Thursday, 29 February 2024

4 Free Tax-Filing Resources for Military Members and Their Families

by Earn Media

4 Free Tax-Filing Resources for Military Members and Their Families

Image source: Getty Images

February is almost over already, but there’s still plenty of time to complete your taxes before the April 15 filing deadline. Before spending money on tax software, check to see if you qualify for free or low-cost tax-filing resources.

Military members and their families can keep more money in their bank accounts by using free preparation and filing resources. Here’s an overview of a few tax-filing resources that are available at no cost to eligible military members and their families.

1. MilTax

For eligible taxpayers who are comfortable using tax software, MilTax is a free resource to explore. This tax preparation solution was made to handle the unique tax situations that service members have. This includes deployments, combat and training pay, and multistate filings.

This service is available to active duty military members and their immediate family members, reserve members, discharged and retired service members, surviving family members, and more. Eligible taxpayers can prepare and e-file their federal returns for free and get help from military tax professionals. If you still need to file your returns, don’t ignore this free resource.

2. The Volunteer Income Tax Assistance (VITA) program

Another resource available to military members is Volunteer Income Tax Assistance (VITA). This free program is available to taxpayers who make $64,000 or less, people with disabilities, the elderly, and taxpayers with limited English proficiency.

But that’s not all. Military members, including retirees, can receive free tax consultation and preparation at VITA locations. Interested taxpayers can use the online VITA location tool to find their nearest location to get in-person tax assistance this tax season.

3. IRS Free File

Another resource that may be available to some military members and their families is the IRS Free File program. The IRS partners with tax preparation companies to provide free federal tax-filing services to taxpayers who meet the eligibility requirements. To qualify for this service, you must have an adjusted household gross income (AGI) of $79,000 or less.

Eight tax software companies are IRS Free File partners. It’s worth noting that each partner solution can set its own age and income requirements. Verify the eligibility requirements before you begin the filing process. Some providers may set lower income limits. Military members who meet the income thresholds should consider using this solution.

4. Free File Fillable Forms

The IRS also provides Free File Fillable Forms for those who don’t meet the income requirements. This resource is available to taxpayers, regardless of their income level. You can fill out the tax forms you need online and file your federal return electronically. Whether you’re a military member or another taxpayer looking to avoid tax-filing fees, this resource can help.

Don’t overlook free resources like this

Still need to file your taxes? It’s not too late. Ensure you take advantage of any military discounts or freebies made available to you, like free tax prep and filing solutions.

Every dollar saved makes a difference and can be a win for your personal finances. Check out The Ascent’s complete guide to taxes for additional guidance about important tax topics.

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