3 easy ways to file your taxes

Use an online tax filing software

One of the most popular and convenient ways to file taxes is by using online tax filing software. Platforms like TurboTax make the process simple by guiding you step-by-step through your return. Designed for individuals with little to no tax experience, these tools use easy-to-follow prompts and calculators to ensure your information is entered accurately. Whether you’re reporting a basic W-2, claiming deductions or handling freelance income, tax software covers a range of situations.

The process is straightforward: you upload or enter your key tax documents, such as W-2s or 1099s, and the software takes care of the calculations. Built-in checks identify potential errors, and the software maximizes your refund by identifying all applicable credits and deductions. Once everything is complete, the software securely e-files your return to the IRS and state tax authorities, speeding up the process.

Online tax software offers several key benefits. It’s user-friendly, affordable and reduces the risk of human error with its automated tools. Many platforms provide free filing for simple federal returns, and some include state returns as well.

If you have an adjusted gross income (AGI) below a certain level, the IRS Free File program partners with tax software providers to offer free filing options. This makes online filing a cost-effective choice for individuals who want a hassle-free solution.

This method is best for individuals with straightforward returns, tech-savvy users and those who want a low-cost way to file quickly and accurately. For more information, visit the IRS Free File Program.

Work with a professional tax preparer

For those with more complex financial situations, working with a professional tax preparer can be the best option. Certified Public Accountants (CPAs), enrolled agents and experienced tax professionals provide tailored guidance and ensure your taxes are filed correctly.

If you’re self-employed, own a small business, or have multiple deductions and credits to manage, a professional tax preparer can handle the complexities for you.

The process begins by gathering your financial documents and discussing your situation with the preparer. They’ll identify eligible deductions, credits and strategies to minimize your tax liability.

Professional tax preparers are especially helpful for individuals with freelance income, significant investments or major life changes such as buying a home or starting a family. They also offer long-term planning advice to help you reduce your tax burden in future years.

While hiring a tax professional involves a fee, the investment can often pay off. Experts can uncover credits and savings opportunities you might overlook, and their knowledge of tax laws reduces the risk of errors that could trigger audits.

When choosing a tax preparer, ensure they have proper credentials, such as a CPA certification, and confirm fees upfront to avoid surprises.

This option is ideal for individuals with complicated financial circumstances, high earners and small business owners. For guidance on choosing a preparer, check out the IRS Tips for Choosing a Tax Professional.

File for free with IRS programs

If you’re looking for a cost-effective way to file your taxes, the IRS offers free programs like Free File and Volunteer Income Tax Assistance (VITA). These programs are designed to help low-to-moderate income taxpayers file their taxes accurately without paying for professional services or software.

IRS Free File is a program available to taxpayers with an adjusted gross income of $73,000 or less. It provides access to trusted tax software from leading providers, allowing you to file your federal return for free.

Some providers also include free state filing, depending on eligibility. Free File software walks you through the process step-by-step, ensuring accuracy and helping you claim credits like the Earned Income Tax Credit (EITC).

For those who prefer in-person assistance, the Volunteer Income Tax Assistance (VITA) program offers free tax help to eligible individuals, including those with disabilities, limited English proficiency and low incomes. VITA sites are staffed by IRS-certified volunteers who prepare and e-file your return, ensuring everything is completed correctly. Seniors can also take advantage of the Tax Counseling for the Elderly (TCE) program, which focuses on retirement-related tax issues for individuals aged 60 and older.

These programs are excellent solutions for individuals with simple tax returns who need guidance or cost savings. To find a local VITA site or explore IRS Free File options, visit the IRS Volunteer Income Tax Assistance.

How to choose the best tax filing method

Choosing the right tax filing method depends on the complexity of your finances, your budget and your comfort level with technology.

For simple tax returns, online tax software is a fast and affordable choice, with features to ensure accuracy and maximize refunds. If you’re navigating a more complex financial situation, like self-employment, investments or major life events, working with a tax professional offers personalized expertise and peace of mind.

For taxpayers who want free solutions, IRS programs like Free File and VITA provide a reliable way to file without added costs.

Whether you choose software, professional help or IRS services, the key is to start early, gather your documents and choose the method that aligns best with your needs.

Take the stress out of tax season

Filing your taxes doesn’t have to be stressful. By using online tax software, working with a professional tax preparer or taking advantage of free IRS programs, you can find a method that works for your situation and ensures accuracy. The key is to understand your options, start early and choose the approach that makes tax season manageable and stress-free.

If you need additional guidance on financial planning and tax strategies, schedule an appointment with Associated Bank today. Our team is here to help you simplify your finances and reach your financial goals with confidence.