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This is an excerpt from the Personal Finance team’s weekly Twitter Space, “This week, your wallet.” Check out the latest episode here, and tune in every Friday at 11 a.m. ET.
Tax season kicked off Jan. 23. The IRS expects taxpayers to file more than 168 million returns, most before the April 18 deadline.
Here are some key things to know before filing, according to CNBC’s Sharon Epperson, senior personal finance correspondent, and Kate Dore, a personal finance reporter.
1. Filing — and tax help — may be free
Certain taxpayers can leverage free (and often little-used) resources when filing a return.
The IRS Free File program offers free, guided tax preparation online. The program, delivered via a public-private partnership, is available to taxpayers with an annual adjusted gross income of $73,000 or less.
Free File is available to 70% of taxpayers, but few use it — and they may inadvertently pay to file a return.
The IRS also offers Fillable Forms, which…
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