February 22, 2011 – 10:56 pm
Much to everyone’s chagrin the 2010 tax season is almost upon us. If you are looking for 2010 income tax preparation that won’t cost a dime,you may qualify for a sponsored community based IRS program.
These are a few facts you may want to know about the Volunteer Tax Assistance programs.
1. The Volunteer Tax Assistance and 2010 Tax Council program for senior citizens are sponsored by the IRS.
2. The Volunteer Tax Assistance service gives 2010 tax assistance free of charge for those who earned less than $49,000. Some locations have free filing services.
3. The Tax Counseling for … Read the rest
By Steve
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Posted in tax filing, tax forms, tax preparation, tax tips
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Also tagged AARP, Accounting, Earned Income Tax Credit, Income tax, internal revenue service, IRS e-file, Tax, Tax preparation, Toll-free telephone number, Turbo Tax Free Edition, United States, Volunteer Tax Assistance
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December 29, 2010 – 10:04 am
There are numerous ways in which you may recognize savings by way of green tax deductions. By making certain eco-friendly choices regarding your purchases or certain home modifications, you may be eligible for tax benefits while at the same time doing something good for the environment. Not only might the environment and your pocketbook be thanking you for your efforts, but you may be improving your home and lifestyle in the process. In many instances, you could be saving 30% of the cost of your purchases or up to a total tax credit of $1500, although certain purchases may … Read the rest
By Steve
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Posted in exemptions, tax credit, tax filing, tax preparation, tax tips
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Also tagged Energy Star, green tax, Home improvement, HVAC, Property tax, tax deduction, tax deductions, taxes, Turbo Tax Free Edition, U.S. Department of Energy, United States Department of Energy
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October 5, 2010 – 11:15 am
In Arizona, it is commonplace to be hit up by children selling wrapping paper, candy bars, and coupon books to help raise funds for equipment, trips, and other school programs. Another way for taxpayers to help children in the local schools, is available, though and would give a higher yield return on your state taxes than the purchase of a tub of cookie dough will.
A tax credit of up to $200 for individuals and $400 for a couple married and filing jointly for contributions of cash to a charter or public school exists as the Tax Credit program of … Read the rest
February 3, 2010 – 1:26 pm
Earned Income Credit Missed by Many
One of the best tax credits available today is the Earned Income Credit but many individuals don’t claim it even when they qualify. These individuals may not have qualified last year but their financial, marital, or dependent situation may have changed making them now qualified.
The tax credit maximum is $5,657 this year and depends on your income and how many dependent children you have in your household. Plus the credit is refundable, which means you can get a refund above the tax your into the treasury during the tax year. Make sure not … Read the rest
By Steve
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Posted in tax credit, tax filing, tax forms, tax tips
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Also tagged Credit, dependents, earned income credit, Earned Income Tax Credit, eitc, household, Income, Income tax, internal revenue service, irs gov, Tax, Taxation, United States, valid social security number
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February 1, 2010 – 5:41 pm
The Government Retiree Tax Credit
If you are a government retiree and received a pension during 2009, you could be eligible to the Government Retiree Tax Credit. An extra $250 in tax credits is available to federal, state and local government retirees. This credit was created with the ARRA bill passed early in the current presidential administration’s tenure.
If you have a pension or annuity outside of the social security system, this credit is available to you. This credit and the Making Work Pay credit cannot both be claimed. Therefore your Making Work Pay credit is reduced if you worked … Read the rest
By Steve
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Posted in tax credit, tax filing, tax forms, tax tips
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Also tagged Accounting, arra, Business, Credit, Government, government retirees, making work pay, pension, schedule M, social security system, Tax, Taxation, The Government Retiree Tax Credit, turbotax, United States
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January 27, 2010 – 1:25 pm
Must I File a Tax Return for 2009?
The short answer to this question, do I have to file a tax return, is yes if your income is above the level required for your filing status. But a couple additional pieces of information affect the answer including your age and the source of your income. IRS.gov is a great resource for the exact tax rules.
In addition to the requirement, it makes sense to file a return to get a refund on any taxes that you did pay during the year. There is the special tax credit, Making Work … Read the rest
By Steve
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Posted in e-file, tax credit, tax filing, tax tips
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Also tagged Alternative Minimum Tax, do i need to file, do i need to file a return?, Earned Income Tax Credit, file a return, file a tax return, get a refund, internal revenue service, irs requirements, medical savings accounts, Medicare, must i file, Return, social security and medicare, Tax, tax return, United States
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