Wednesday, March 20, 2013

See If You Qualify for Free File Tax Software

If your Adjusted Gross Income (AGI) is $57,000 or less, you may qualify to use a brand name tax software to prepare and e-file your taxes for FREE.

Answer a few questions on to help you determine your eligibility to use Free File tax software.

If your AGI is more than $57,000, you can still use Free File fillable forms for your federal tax return.

Wednesday, March 6, 2013

Tax Time -- remember the EITC

The Earned Income Tax Credit (EITC, or EIC as it’s sometimes known) puts money back into the pockets of qualifying low- and moderate-income working taxpayers when they file their tax returns. Higher income limits and credits this year mean more filers will qualify for the EITC, and those who do qualify will get a bigger check.

Consumer Action’s brochure Get Credit for Your Hard Work provides the EITC information your clients need, including income limits, eligibility criteria and how to file. Updated for the 2012 tax year, this resource is available free online or as a printable PDF download in English, Spanish and Chinese.

The IRS is also making it easier for qualifying taxpayers to get help preparing their returns this year. For example, taxpayers who make $57,000 or less can choose from 15 free, brand-name tax preparation software packages offered through the IRS Free File program.

Monday, January 28, 2013

Free Tax Return Preparation -- See If You Qualify

Do you need help preparing your tax return? Learn about the IRS Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) programs.

VITA Program: If you make $51,000 or less, IRS-certified volunteers can inform you ab...out tax credits for which you may qualify, and prepare a basic tax return with electronic filing.

TCE Program: If you are 60 years of age or older, you may qualify for free tax help from IRS-certified volunteers who specialize in issues that pertain to seniors.