As the tax season approaches, many taxpayers are on the lookout for affordable ways to file their taxes. The IRS Free File program offers individuals the ability to file taxes for free, streamlining the process significantly for eligible users. This initiative is made available through a partnership between the IRS and leading tax software companies, providing free federal tax preparation and e-filing options.

To qualify for the IRS Free File program, your adjusted gross income (AGI) must be $73,000 or less. However, there are additional criteria that might vary between the participating software providers. Each company offers different benefits, so it is advisable to review their individual terms and services to find the best match for your personal tax situation.

Navigating tax filing can be a complex endeavor, especially when considering other financial responsibilities or family office arrangements. For those managing wealth through structured vehicles such as a single family office, understanding available resources can be crucial. These offices often represent or manage the wealth of one affluent family and can benefit from utilizing IRS Free File to manage tax obligations efficiently.