Do I have to File a Tax Return?
You must file a tax return if your income is above a certain level. The amount varies depending on filing status, age and the type of income you receive.
Feb 17
Posted by Bruce Mc in Form 1040 Information, Information, Tax Preparation | No Comments
Do I have to File a Tax Return?
You must file a tax return if your income is above a certain level. The amount varies depending on filing status, age and the type of income you receive.
Click to continue reading “Do I have to File a Tax Return?”
Tags: EITC, Income tax, income tax credit, Information, maximum credit, refundable tax credit, tax refund, tax tip, Taxation in the United States
Get Your Refund Faster – Choose Direct Deposit
If you want to get your refund as quickly as possible, just tell the IRS to deposit your refund directly into your bank account. By choosing Direct Deposit, you can get your refund much sooner than if you chose to have a paper check mailed to you.
Here are the main reasons 73 million taxpayers chose Direct Deposit in 2009:
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Tags: direct deposit, e file, form 8888, Information
Feb 8
Posted by Bruce Mc in Exemptions, Filling Status, Information, Tax Preparation | No Comments
IRS Marks EITC Awareness Day; Highlights Expanded Tax Credit
WASHINGTON — An expanded Earned Income Tax Credit (EITC) means larger families will qualify for a larger credit, offering greater relief for people who struggled through difficult financial times last year, the Internal Revenue Service said today.
The IRS and the Treasury Department marked EITC Awareness Day as their partners nationwide worked to highlight the availability of this important tax credit. EITC, which is in its thirty-fifth year, is one of the federal government’s largest benefit programs for working families and individuals. Last year, nearly 24 million people received $50 Billion in benefits. The average credit was more than $2,000.
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Tags: Deductions, earned income tax, earned income tax credit, earned income tax credit eitc, Information
Jan 27
Posted by Bruce Mc in Form 1040 Information, Information, Tax Preparation, Things forgotten | No Comments
Five Facts about IRS Publication 17
While the Internal Revenue Service provides publications about a wide range of topics, there is one publication every taxpayer should have with them when they are preparing their federal tax return. Publication 17, Your Federal Income Tax is available at IRS.gov and contains a wealth of information for individual taxpayers.
Here are the top five things the IRS wants you to know about Publication 17 and how it will come in handy when you prepare your taxes.
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Tags: Income tax, Information, internal revenue service, irs publication 17, publication 17, tax filing, tax law changes, tax publication, tax return
Jan 22
Posted by Bruce Mc in Information, Things forgotten | No Comments
From IRS – Issue Number: IRS Tax Tip 2010-15
Ten Things You Should Know about the Making Work Pay Tax Credit
Many working taxpayers are eligible for the Making Work Pay Tax Credit, a provision created by the American Recovery and Reinvestment Act in early 2009.
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Tags: Information, Things forgotten
Jan 7
Posted by Bruce Mc in Deductions, Exemptions, Filling Status, Form 1040 Information, Information | No Comments
When you prepare to file your 2009 tax return, there are two things that will factor into your tax situation: dependents and exemptions. Here, the IRS gives you five important facts that you should know about dependents and exemptions before you file your 2009 tax return.
For more information on exemptions, dependents and whether or not you or your dependent needs to file a tax return, see IRS Publication 501. The publication is available on IRS.gov or can be ordered by calling 800-TAX-FORM (800-829-3676).
Links:
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Tags: exemption, Exemptions, Filing Status, Information, irs, return, status, tax, tax planning, tax return
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