Tax season has arrived, and the Internal Revenue Service (IRS) started accepting tax returns on January 23, 2023. It is expected that over 168 million tax filings will be submitted to the IRS this year, with the majority of them filed before the April 18 deadline.
Free Ways to File Taxes in San Antonio
The residents of San Antonio have several free options to file their taxes, including the IRS’s online filing system. The IRS provides free tax preparation software for individuals earning $73,000 or less per year. H&R Block and TurboTax also offer free editions of their tax preparation software, but they are best suited for simple tax returns. Business owners or individuals with more complex filings may need to use some of their upgraded options, which come with a small fee.
San Antonio’s Volunteer Income Tax Assistance Program (VITA) offers free income tax assistance for people earning $55,000 or less. VITA uses community volunteers to help prepare the filings and provide support for certain tax credits, such as the earned income tax credit and the child tax credit.
To complete the tax filings, according to MYSA, filers must provide identification, income statements like a W-2, and copies of documents such as medical bills and mortgage interest to calculate yearly expenses.
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Checking Your Tax Return Status and Requesting Extensions
The U.S. government estimates that refunds are typically distributed within 21 days if filed online. Filers can monitor the status of their tax return by visiting the Where’s My Refund section on the IRS website.
Those who require an extension to complete their federal tax return can apply for one before the Tax Day filing deadline. Tax extensions can be requested for up to six months, and the filing deadline for those who have requested extensions is October 16.
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