• FreeTaxUSA: A popular free tax service that, similar to the IRS Free Filing tool, allows you to e-file your federal return for free directly to the IRS. You can also file state returns for just $15. However FreeTaxUSA super cheap, it includes services for more complex filings, such as home ownership, investments, and small businesses.
• Cash App Taxes: A mobile finance tool similar to Venmo, Cash App replaces Credit Karma and provides free federal and state filing, and free audit defense. You can do your taxes via your computer or phone, and even easily take a photo for your W-2 within the app. Journalists reported that Cash App Taxes no support like paid services, and no expert tax help available when you need it. Some forms and tax topics are missing, and users can’t import 1099s, so it’s only good for W-2 employees.
• H&R Block: This familiar name has been a trusted tax service provider for over 70 years, and it features classic personal help from a tax expert, along with an easy-to-use online tax service. It’s on the pricier side, though H&R Block provides more user-friendly and holistic services, including do-it-yourself online packages, Online Assist (which includes assistance from a tax expert), services from a tax preparer, and computer software. WIRED offers H&R Block coupons to save money if you decide to go with this service.
• TurboTax: Another very popular tax service serving millions of users, TurboTax There are free services for qualified people, offering simple Form 1040 returns only. Along with self-service, there’s TurboTax Live Assisted, where you file online with the help of a tax expert when needed; and TurboTax Full Service, where a tax expert will do your taxes and review them with you before filing.

How to File Taxes for an LLC or Small Business

File a tax for small businesses or LLCs less, and that’s where going to one of the top tax services—with advanced programs and expert help—can save you a lot of headaches. Generally, the IRS treats an LLC as a corporation, partnership, or partnership on the owner’s tax return. For income tax purposes, an LLC has only one a member is treated separately from its owner, and is subject to tax on net income from self-employment.

If the LLC is a partnership, the normal partnership tax rules apply, and all partners must fill out a Form 1065, US Return of Partnership Income. Each owner must show their share of the partnership’s income, deductions, credits, etc. If the LLC is a corporation, corporate tax rules apply, and it must file a Form 1120, US Corporation Income Tax Return.

How to File a Tax Extension

Alright, so you didn’t file early. We’re procrastinators here, we get it. If you can’t file on time, you should filing an extension on the tax deadline. This will push your deadline to file taxes and protect you from possible failure-to-file penalties.

If you file a tax day extension (April 15, 2025), it extends your filing deadline to six months later: October 15, 2025. But remember, the extension of time to file when you return it does not mean time to pay you will also extend the tax. If you fail to pay your taxes by April 15—even if you’ve been granted an extension—then you may be asked to pay penalties as well as interest on any unpaid balance.

What Happens If You Miss the Deadline?

This may result in penalties and interest, but if you file as soon as possible, you may be able to reduce these penalties. If you can’t pay the full amount, you can set up a payment plan with the IRS to pay in additions during the year. If you forgot or simply didn’t file for an extension (and owe taxes), you may face a late filing. pUNISHMENT maximum 5 percent of unpaid tax (4.5 percent for late filing and 0.5 percent for late payment). This penalty is imposed every month and it will continue to accumulate every month until it reaches 25 percent of the unpaid tax at the time of filing. The government also paid interest of the unpaid amount, which varies depending on your amount and time owed. You must pay your balance in full to stop underpayment interest from accruing each day.

How Long Does It Take to Get a Tax Refund?

The IRS usually issues your refund within 21 days after receiving your e-file federal return if there are no errors or issues (fingers crossed). If you go old school and file a paper federal return, it usually takes twice as long, and can even take up to eight weeks to get a refund. Timelines for getting state refunds vary by state, but electronic filing usually results in faster refunds compared to paper filing. In many cases, if you file state taxes electronically, you’ll get your refund in five business days or so, and about four weeks if mailed.

Where’s My Tax Refund?

When you file your federal income tax return, you can check the status of your tax refund at IRS website or on its mobile app, IRS2Go. Remember, each state has its own process (and timeline) for state income tax. Again, paper returns usually take longer to process than e-file returns. Each state uses slightly different systems to allow people to check their tax refund status. Generally, you will need two pieces of information to check your refund.

To check your SITUATIONyou will need your Social Security number (SSN). (If you don’t have an SSN, most states allow you to use a few different types of ID, such as an Individual Taxpayer Identification Number, or ITIN.) In almost every state, you must provide the amount of your refund. . Sometimes you can round your return to the nearest whole number, but some states require the exact amount. Some states may also require additional information, such as your date of birth, filing status, or zip code.

I would suggest checking your refund on IRS website first. Just remember, this is the government, so your refund information may not be available immediately. Your refund status should appear about 24 hours after you file a current year return, three or four days after you file a prior year return, or four weeks after filing a paper return. (Remember, you’ll need your SSN or ITIN, filing status, and refund amount to check refund status.)

What are the Tax Brackets for 2024?

Not sure what tax rate you fall under? Everything is different if you are single, married and filing jointly, married but filing separately, or head of a household. The tax rate continues in increments, starting at 10 percent for the lowest earners (those earning less than $11,600 as a single person), and rising to 37 percent for one or more heads of household. earned more than $609,351.

Here is one quick chart which shows the amounts for the expected tax brackets from 2024 to be raised in 2025.