How to File and Pay Your 2024 Taxes Online: A Comprehensive Guide

How to Prepare for Tax Season 2024

The holidays are over, a new year has begun, and it’s time for most of us to tackle our annual income taxes. Tax day this year falls on April 15th, but residents of specific areas affected by disasters, like wildfires in California, may receive extensions until October 15th. Although tax season may induce stress, ample resources and methods are available to make tax preparation easier. Let’s explore these options and ensure you're ready well before the deadline.

Start Early to Avoid Last-Minute Rush

Starting your tax prep early can save you from a last-minute panic. Whether you're a full-time worker with a W-2 or a freelancer with multiple 1099s, online methods help you complete your taxes efficiently. Here’s what you need to know.

Understanding the New IRS Direct File Program

If you reside and work in one of 25 qualifying states, you might consider using the IRS’s new Direct File program for tax filing. This free service is designed for simple tax scenarios. However, self-employed individuals, gig workers, or those who plan to itemize deductions are ineligible. The states eligible for the Direct File program include:

• Alaska
• Arizona
• California
• Connecticut
• Florida
• Idaho
• Illinois
• Kansas
• Maine
• Maryland
• Massachusetts
• Nevada
• New Hampshire
• New Jersey
• New Mexico
• New York
• North Carolina
• Oregon
• Pennsylvania
• South Dakota
• Tennessee
• Texas
• Washington state
• Wisconsin
• Wyoming

Alternative Options: Free File Program

If you don’t qualify for Direct File but have an adjusted gross income of $84,000 or under, consider using the IRS Free File option. This allows you to use partner tax software for free, provided you meet the eligibility criteria outlined on the IRS Free File page.

DIY Taxes: For Those Comfortable with Forms

If your income exceeds $84,000, you can still access fillable forms through the IRS Free File, without support for state taxes. If you're adept at handling your finances, review the IRS page for helpful tax tips.

Get Professional Help if Needed

If you find the process daunting, hiring a tax preparer is an option. The IRS provides resources for those who qualify for assistance programs like Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE). You can find help with this locator tool that connects you to nearby willing participants.

Paying Your Taxes Online

Paying taxes has become much simpler with options to do so online. The IRS provides numerous methods, including Direct Pay, where payments can be made directly from your bank account without fees. If you prefer credit or debit card payments, be aware of the associated fees.

Tracking Your Refund

Filing taxes online often results in quicker refunds—generally within 21 days of filing. Use the IRS2Go mobile app to check your refund status, pay your taxes, and access vital information at your convenience.

Filing for an Extension

If circumstances hinder you from filing by the due date, you can apply for an extension. This provides a reprieve to those in need due to emergencies or unexpected obligations. For details on how to file for an extension, refer to our separate guide.

Conclusion

By taking advantage of early preparation, utilizing IRS resources, and leveraging online options, your tax filing experience can be smooth and straightforward. Remember, whether you do it yourself or consult with a professional, initiating the process early is key to avoiding the anxiety commonly associated with tax season.

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