How to pay your taxes online

• FreeTax USA: A popular free tax service that, similar to the IRS’s free filing tool, allows you to e-file your federal return for free directly to the IRS. You can also file state returns for just $15. However FreeTax USA is super affordable, includes services for more complicated files, such as home ownership, investments and small businesses.
• Cash App Taxes: The mobile financial tool similar to Venmo, Cash App has replaced Credit Karma and provides free federal and state filing, and free audit defense. You can do your taxes through your computer or phone, and even easily capture a photo for your W-2 in the app. Critics have said that Cash App Taxes it doesn’t have as much support as paid services, and there’s no expert tax help available if you need it. It’s missing some forms and tax 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 tax service provider for over 70 years, and has classic in-person help from a tax expert, along with easy-to-use online tax services. It is on the more expensive side, though H&R Block provides more user-friendly and holistic services, including online packages for yourself, online assistance (which includes the help of a tax expert), the service of a tax preparer and computer software. WIRED deals H&R Block coupons to save money if you decide to go with this service.
• TurboTax: Another very popular tax service serving millions of users, TurboTax has free services for qualified people, offering only simple Form 1040 returns. Along with self-service, there is TurboTax Live Assisted, where you file online with the help of tax experts if necessary; and TurboTax Full Service, where a tax expert will do your taxes and review them with you before you file.

How to file taxes for an LLC or Small Business

Filing of taxes for small business or LLC it’s a little more complicated, and that’s where you go with one of the tax services above – with advanced programs and expert help – can save you a lot of headaches. Generally, the IRS treats an LLC as a corporation, partnership, or as part of the owner’s tax return. For income tax, an LLC with only a member it is treated as separate from its owner, and is subject to tax on net earnings from self-employment.

If the LLC is a partnership, normal partnership tax rules apply, and all partners must complete a Form 1065, US Return of Partnership Income. Each owner has 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 a Form 1120, United States Corporate Income Tax Return.

How to file a tax extension

Okay, so you haven’t registered before. We are chronic procrastinators here, we get it. If you can’t file on time, you should file an extension from the fiscal term. This will push back your tax filing deadline and protect you from potential failure to file penalties.

If you file an extension for tax day (April 15, 2025), it extends your filing deadline six months later: October 15, 2025. But remember, an extension of time to make your return does not mean the time to pay your return. rates will also be extended. If you haven’t paid your taxes by April 15, regardless of whether you were granted an extension, you may be required to pay penalties and interest on any unpaid balance.

What happens if you miss the deadline?

This can result in penalties and interest, but if you do it as soon as possible, you can minimize these penalties. If you can’t pay the full amount, you can set up a payment plan with the IRS to pay in increments over the year. If you forgot or just didn’t file for an extension (and owed taxes), you may face a late filing pity maximum of 5 percent of unpaid tax (4.5 percent for late filing and 0.5 percent for late payment). This penalty is imposed per month and it continues to accumulate each month until it reaches 25 percent of the unpaid tax at the time of filing. The government also charge interest on unpaid amounts, which varies according to your amount and time due. You must pay your balance in full to prevent underpayment interest from accruing each day.

How long does it take to get a tax refund?

The IRS typically issues your reimbursement within 21 days of receiving your e-filed federal return if there are no errors or problems (fingers crossed). If you go old school and file a federal paper return, it usually takes twice as long, and it could even take up to eight weeks to get a refund. Deadlines for getting state refunds vary by state, but electronic filing generally results in faster refunds compared to paper filing. In many cases, if you file your state taxes electronically, you can get your refund in five business days or more, and about four weeks if sent by mail.

Where is my tax refund?

When you file your federal income tax return, you can check the status of your tax refund on the The IRS website or on their mobile app, IRS2Go. Remember, each state has its own process (and timeline) for state income tax. Again, paper returns generally take much longer to process than e-filed returns. Each state uses slightly different systems to allow people to check their tax refund status. Generally, you need two pieces of information to verify your refund.

To check your statusyou need your Social Security number (SSN). (If you don’t have an SSN, most states allow you to use a few types of ID, such as an Individual Taxpayer Identification Number, or ITIN). reimbursement Sometimes you can round your return to the nearest whole number, but some states require the exact amount. Other states may also require additional information, such as your date of birth, filing status, or zip code.

I suggest you check your refund on the The IRS website first. Just remember, this is the government, so your refund information may not be available immediately. Your refund status should appear about 24 hours after you filed a return for the current year, three to four days after you filed a return for the previous year, or four weeks after you filed a return for paper (Remember, you will need your SSN or ITIN, filing status, and refund amount to check refund status.)

What are the tax rates for 2024?

Not sure what tax rate you will fall under? Everything varies from whether you are single, married and filing jointly, married but filing separately, or head of a family. The tax rate goes up in increments, starting at 10 percent for the lowest earners (making less than $11,600 as a single person), and increases up to 37 percent for the single or head of household who earn more than $609,351.

Here is a fast card which shows the amounts for the tax bands expected from 2024 to be presented in 2025.