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Simplify Your Taxes with IRS Tools
Simplify Your Taxes with IRS Tools

IRS tools help you file, estimate withholding, and avoid penalties.

Angelo Noel avatar
Written by Angelo Noel
Updated over a week ago

Your Tax, Simplified

“If you qualify, you may opt to have the IRS figure your tax and certain credits on Form 1040 or Form 1040-SR.”1

The IRS offers a streamlined way to claim refunds or credits like the Earned Income Tax Credit or Credit for the Elderly or Disabled—even if you’re not required to file a tax return. Simply submit your Form 1040 or Form 1040-SR (designed for seniors 65+ with larger print and a built-in standard deduction table)2, and we’ll handle the math.

What Happens Next?

After we calculate your tax:

  • Overpaid? You’ll receive a refund.

  • Underpaid? You’ll get a bill. Pay by the later of:

    • 30 days after the bill date

    • The original return due date
      to avoid interest and penalties1.

⚠️ Note: Underpayment of estimated taxes may still incur penalties. Learn more in Topic No. 306.

Key Details

  • Form 1040-SR: Available for taxpayers 65+ filing by mail. It mirrors Form 1040 but includes readability features2.

  • Credits: Refundable credits (e.g., Earned Income Tax Credit) can boost your refund, while nonrefundable credits reduce your tax bill37.

For full guidance, see Chapter 13 of Publication 17 or visit IRS.gov.

IRS.gov content adapted for clarity and tone.

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