How to pay your taxes online

• FreeTaxUSA: A popular free tax service that, similar to the IRS Free Filing tool, allows you to file your federal returns for free directly with the IRS. You can also file status returns for just $15. Although FreeTaxUSA Very affordable, it includes services for more complex filings, such as homeownership, investments, and small businesses.
• Cash App Taxes: A mobile financing tool similar to Venmo, Cash App has acquired Credit Karma and offers free federal and state filings and free audit defense. You can pay your taxes through your computer or phone, and even easily take a photo of your W-2 within the app. The reviewers reported this Cash App Taxes It doesn’t have as much support as paid services, and there’s no specialized tax help available if you need it. It’s missing some tax forms and topics, and users can’t import 1099s, so it’s really only good for W-2 employees.
• H&R block: This household name has been a trusted provider of tax services for over 70 years, with classic in-person assistance from a tax expert, as well as easy-to-use online tax services. It is on the more expensive side, however H&R block Provides more user-friendly and comprehensive services, including online do-it-yourself packages, online help (which includes help from a tax expert), tax preparer service, and computer software. Wired Offers H&R Block Coupons To save money if you decide to use this service.
• TurboTax: Another very popular tax service that serves millions of users, TurboTax It has free services for qualified people, and offers simple Form 1040 returns only. Besides self-service, there’s TurboTax Live Assisted, where you can file online with the help of tax experts if necessary; And TurboTax Full Service, where a tax expert will file and review your taxes with you before you file them.

How to File Taxes for an LLC or Small Business

Filing taxes for Small businesses or limited liability companies It’s a little more complicated, and this is where using one of the tax services mentioned above – with advanced software and expert help – can save you a lot of headache. Generally, the IRS treats an LLC as a corporation or partnership or as part of the owner’s tax return. For income tax, LLC with only 1 member It is treated as separate from its owner, and is subject to tax on net profits from self-employment.

If the LLC is a partnership, regular partnership tax rules will apply, and all partners will need to fill out Form 1065, U.S. Return of Partnership Income. Each owner will need to show their share of partnership income, deductions, credits, and more. If the LLC is a corporation, corporate tax rules apply, and it must file Form 1120, U.S. Corporate Income Tax Return.

How to file a tax extension

Well, you didn’t apply early. We’re chronic procrastinators here, we get it. If you cannot file on time, you must Provide an extension By the tax deadline. This will delay the tax filing deadline and protect you from potential penalties for not filing.

If you file an extension by Tax Day (April 15, 2025), that extends the deadline to file your return to six months later: October 15, 2025. But remember, an extension of time to file your return does not mean it’s time to pay your taxes. Taxes will also be extended. If you fail to pay your taxes by April 15 — regardless of whether you are granted an extension or not — you may be required to pay penalties plus interest on any unpaid balance.

What happens if you miss the deadline?

This can result in penalties and interest, but if you file as soon as possible, you can reduce these penalties. If you can’t pay the full amount, you can set up a payment plan with the IRS to pay in increments throughout the year. If you forget or don’t file right away for an extension (and owe taxes), you may face a late filing penalty A maximum of 5% of the unpaid tax (4.5% late filing and 0.5% late payment). This penalty is imposed per month It will continue to accrue each month until it reaches 25 percent of the unpaid tax at the time of filing. the government Fees too interest On unpaid amounts, which vary depending on the amount you owe and the time you owe it. You’ll have to pay your balance in full to prevent interest from accruing on daily low payments.

How long does it take to get a tax refund?

The IRS usually releases your statements recovery Within 21 days of receipt of your electronically filed federal return if there are no errors or issues (fingers crossed). If you go the old way and file a paper federal return, it usually takes twice as long, and it can take up to eight weeks to get your refund. Timelines for obtaining state refunds vary by state, but electronic filing usually results in a faster refund compared to paper filing. In many cases, if you file your state taxes electronically, you can get your refund within five business days or so, and about four weeks if mailed.

Where is my tax refund?

When you file your federal income tax return, you can check the status of your tax refund on the website Tax Authority website Or on its mobile application, IRS2Go. Remember that each state has its own process (and schedule) for state income taxes. Again, paper returns generally take much longer to process than electronically submitted returns. Each state uses slightly different systems to allow people to check the status of their tax refund. Generally, you’ll need two pieces of information to verify your refund.

for your verification conditionYou will need your Social Security Number (SSN). (If you don’t have a Social Security number (SSN), most states allow you to use a few different types of ID, such as an individual taxpayer identification number or ITIN.) In almost every state, you’ll also have to submit a refund. Sometimes you can round your return to the nearest whole number, but some states require the exact amount. Other states may also request additional information, such as your date of birth, filing status, or zip code.

I suggest checking your refund on Tax Authority website Firstly. Just remember that this is the government, so your refund information may not be immediately available. Your refund status should appear about 24 hours after you file an electronic return for the current year, three or four days after you file an electronic return for the previous year, or four weeks after you file a paper return. (Remember, you’ll need your Social Security Number (SSN) or ITIN, filing status, and refund amount to check your refund status.)

What are the tax brackets for 2024?

Not sure what tax rate you’ll fall into? It all varies depending on whether you are single, married and filing jointly, married but filing separately, or head of household. The tax rate goes in increments, starting at 10% for the lowest earners (those earning less than $11,600 as a single person), and increasing up to 37% for individuals or heads of household earning more than $609,351.

And here A Quick graph Shows the amounts for tax brackets expected from 2024 that will be filed in 2025.