Thursday, January 29, 2015

Thrifty Thinking: My Free Taxes

More than half of individuals and families in the United States earned $60,000 or less last year, making them eligible to receive free tax preparation and filing assistance this tax season. Unfortunately, many of these families are unaware of their options and may pay, on average, more than $200 to file their federal and state tax returns. is the first free online platform that can be used to file federal and state taxes in all 50 states and the District of Columbia.

Offering free English and Spanish tax support, MyFreeTaxes provides qualifying filers access to tax coaches for in-person, self-preparation assistance. The online tool allows taxpayers to self-file for free using a simple step-by-step process that includes free telephone, email and online chat support from IRS-certified volunteer specialists. More than 47 million people self-prepared their tax returns last year, a six percent increase from 2013 filing data, according to the IRS. There are many free options for filers; however, since 2009, MyFreeTaxes is the first nationwide initiative that has enabled millions of individuals and families to claim billions of dollars in tax credits and refunds. is an interactive resource for information regarding tax preparation, valuable credits including the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC), and personal finance, as well as access to free, in-person tax preparation sites. This partnership is made possible through the collaboration of nearly 1,000 partners including colleges and universities, nonprofit organizations, and state and local government agencies. In 2015, the partnership launched an improved filing experience and customized data reporting for its community partners.

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