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Stock impact report

5 options for filing your taxes for free [Yahoo! Finance]

NerdWallet, Inc. (NRDS) 
Company Research Source: Yahoo! Finance
Free filing systems work best if your tax situation is simple and does not include self-employment, gig work or itemized deductions. | Credit: shapecharge / Getty Images Filing your taxes is already a painful enough process without having to pay to do it. The good news? There are plenty of ways to file for free this tax season — even with the shuttering of the IRS Direct File program. Last year, "about 300,000 filers" used the IRS's free online tax filing program, which was generally "well received by users," said The New York Times . But after "it was opposed by the commercial tax software industry and Republican lawmakers, who called it 'unauthorized and wasteful,'" the program was suspended. The IRS is, however, still offering its Free File program, which is one of several options for completing your taxes at no cost this year. Just keep in mind that free options may not work for everyone — they are generally best "if your tax situation is simple, such as having only a For Show less Read more
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