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Coloradans will be able to file federal taxes for free starting next year

By 09/10/2024 | updated 1 year ago

Coloradans will be able to use the free Direct File system to file their federal taxes starting next year, Gov. Jared Polis and the Colorado Department of Revenue announced Tuesday.  

Direct File, made possible by the Inflation Reduction Act, was initially rolled out last spring through a pilot program involving 140,000 taxpayers. According to the U.S. Department of the Treasury and Internal Revenue Service, it saved participants an estimated $5.6 million in filing costs. 

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“Filing taxes is no fun,” said Polis. “It is often confusing, time-consuming, and  expensive, which is why we’re taking steps to make it easier for Coloradans to file. I am thrilled that starting in 2025, Coloradans can ditch the filing fees and file their own returns directly with the federal government. This action, which we called for, will save Coloradans time and millions of dollars of filing fees while ensuring hardworking families and individuals receive the additional claims and credits they have earned.”

Beginning in 2026, Coloradans will be able to complete and submit their federal and state returns at the same time using Direct File. Economic research thinktank the Economic Security Project estimates that Direct File will save Coloradans $140.2 million in filing fees, 3.5 million hours of time filing, and help them claim an additional $81 to $207 million in tax credits per year. 

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