Getting those federal income taxes ready can be a headache! Unless the taxpayer knows the current laws, he may even miss a deduction which could cost him money. Why take chances? The IRS Volunteer Income Tax Assistance (VITA) program and Tac Counseling for the Elderly (TCE) program offer free tax help for low to moderate income or taxpayers who are 60 or older.
Taxpayers will need to present the following items in order to have their returns prepared: photo identification, valid social security cards for the taxpayer, spouse and all dependents, birthdates for all dependents, statements from all sources of income ( W-2, 1099-R, 1099 SSA, interest and dividend statements from banks, bank routing numbers and account numbers for direct deposit, if desired; total paid for day care and day care provider’s identifying information; and other relevant information about income and expenses, including health care costs.
Counselors will not be preparing returns from farm income, rental property, business income if expenses exceed $25,000 or the business operates at a loss or any return without proper paperwork. Taxpayers should always bring a copy of the previous year’s tax return
In addition to free tax preparation assistance, these sites use free electronic filing. An e-filed tax return means a faster refund. The IRS can generally issue refunds to taxpayers who combine e-file and direct deposit in as few as 14 days.
