lpetrich
Contributor
I'm late in posting on this, since Tax Day is only one day away. AOC supports the IRS's new Direct File Program, for doing one's taxes online.
Part of her "Government Hacks" series.
AOC describes how tax-preparation companies fought a long time against IRS online direct filing, because they make a lot of off of people doing their taxes.
File your taxes FOR FREE with the IRS Direct File program! Visit irs.gov/directfile to see if you qualify. | TikTok
and
Direct File Webinar with the IRS and Rep. AOC - YouTube - she gave a short introduction, then turned it over to some IRS people.
Welcome to Direct File | Direct File | Internal Revenue Service
Only for AZ, CA, FL, MA, NH, NV, NY, SD, TN, TX, WY - and in some of these states, one will need to file one's state tax return separately.
Only limited sorts of income are covered: Income from an employer (Form W-2), Unemployment compensation (Form 1099-G), Social Security benefits (Form SSA-1099), $1500 or less in interest income or US savings bonds or Treasury obligations (Form 1099-INT, boxes 1 and 3)
Not covered: Income received from payment apps, online marketplaces, or payment cards (Form 1099-K), Income from independent contractor and gig work (Form 1099-NEC), Income from rent, prizes, awards, and more (Form 1099-MISC), Income from pension and retirement account distributions (Form 1099-R), Allocated tips, Unreported tips, Alimony that is required to be included in your income
There are various limitations for an income over $125,000 last year, including not being able to use this service for over $200,000 last year.
Tax deductions?
Part of her "Government Hacks" series.
AOC describes how tax-preparation companies fought a long time against IRS online direct filing, because they make a lot of off of people doing their taxes.
File your taxes FOR FREE with the IRS Direct File program! Visit irs.gov/directfile to see if you qualify. | TikTok
and
Direct File Webinar with the IRS and Rep. AOC - YouTube - she gave a short introduction, then turned it over to some IRS people.
Welcome to Direct File | Direct File | Internal Revenue Service
Only for AZ, CA, FL, MA, NH, NV, NY, SD, TN, TX, WY - and in some of these states, one will need to file one's state tax return separately.
Only limited sorts of income are covered: Income from an employer (Form W-2), Unemployment compensation (Form 1099-G), Social Security benefits (Form SSA-1099), $1500 or less in interest income or US savings bonds or Treasury obligations (Form 1099-INT, boxes 1 and 3)
Not covered: Income received from payment apps, online marketplaces, or payment cards (Form 1099-K), Income from independent contractor and gig work (Form 1099-NEC), Income from rent, prizes, awards, and more (Form 1099-MISC), Income from pension and retirement account distributions (Form 1099-R), Allocated tips, Unreported tips, Alimony that is required to be included in your income
There are various limitations for an income over $125,000 last year, including not being able to use this service for over $200,000 last year.
Tax deductions?
- Yes: Standard deduction: a set dollar amount that reduces your taxable income
- No: Itemized deductions: you specify the expenses you want to reduce your taxable income
- Yes: No health insurance, Health insurance from your employer, Medicare, Veterans Affairs health care, Private health insurance you pay for out of pocket, Your state's Medicaid or Children's Health Insurance Program (CHIP)
- No: Money you contributed to or withdrew from a Health Savings Account (HSA), Health insurance for you, your spouse, or dependents, bought directly through the Health Insurance Marketplace with HealthCare.gov or a state program (you would've received a Form 1095-A)
- Yes: Child Tax Credit, Earned Income Tax Credit, Credit for Other Dependents
- No: Claim any credits other than the ones listed above, Claim these credits or other tax benefits for a child as their non-custodial parent