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New Yorkers are encouraged to file electronically using free file software

NEW YORK, NY (NEWS10) – New Yorkers are encouraged to take full advantage of free file software, which can help millions of taxpayers claim valuable tax credits. Eligible taxpayers can save on the cost of hiring a paid tax preparer by using available tax preparation software free of charge on the tax administration website.

According to officials, if your 2021 household income is $73,000 or less, you can also electronically (electronic file) file your federal and New York State returns for free at the Department of Taxation’s website. taxes. Most New Yorkers can use the free file software which saves money, ensuring you claim the credits you deserve, including earned income tax credit. (EITC).

In 2019, nearly 1.64 million New Yorkers received the federal EITC. The EITC is a refundable credit for working taxpayers who earn less than $57,414. Plus, even if the credit amount is more than you owe in taxes, you get a refund.

Officials said the EITC could be worth up to $9,083 for a family with three or more children. They estimate that nearly 255,000 taxpayers used free file software last year, saving New Yorkers $51 million in tax preparation costs.

To ensure you claim the credits you deserve, taxpayers must file a personal income tax return to receive the credit, even if you don’t owe tax. E-filing is the easiest way to file your return and the fastest way to receive your refund, they say.