Taxing Times: Can I File My Taxes For Free?

The video discusses the IRS free file program, which allows eligible taxpayers to file their taxes for free. Despite 70% of taxpayers qualifying, only a small percentage use it. The program has limitations, such as not including state filing. Experts suggest that due to 2020's tax law changes, even those with simple tax situations should consider professional help. For more information, viewers are directed to a specific website.

What is the main topic introduced in the beginning of the video?

• The challenges of the 2020 tax year

• The importance of state tax filing

• The IRS Free File program

• The benefits of hiring a tax professional

What percentage of taxpayers qualify for the IRS Free File program?

• 30%

• 70%

• 90%

• 50%

How many people actually use the IRS Free File program?

• 50 million

• 3 million

• 100 million

• 10 million

What is a limitation of the IRS Free File program mentioned in the video?

• It includes state filing

• It guarantees a refund

• It is available to everyone

• It does not include state filing

Why might it be advisable to consult a tax professional for the 2020 tax year?

• Due to the simplicity of tax laws

• Because filing taxes is free

• Because of the lack of tax credits

• Due to changes in tax laws and life circumstances