Tax season can often be a stressful time for many individuals and families, especially those with limited financial resources or complex tax situations. Fortunately, there exists a vital resource that provides much-needed assistance to these individuals: the Volunteer Income Tax Assistance (VITA) program. Developed by the IRS, the VITA program offers free tax help to […]
Tax Returns
Tax Tips for Last-Minute Filers
Filing your taxes can be stressful. Filing at the last minute can only add to the stress. As April 15th looms closer, the annual flurry of last-minute tax filers begins. Whether due to procrastination or complexity, many individuals find themselves scrambling to organize their finances and complete their tax returns before the deadline. If you […]
Should I File a Tax Extension?
The tax filing deadline is just around the corner. If you need more time to prepare your tax return, you can file a tax extension. While a tax extension won’t give you more time to pay your taxes, it will allow a few more months to file your tax return without receiving a failure-to-file penalty. […]
What To Do If Your Tax Refund is Stolen
Tax season is a time of anticipation for many individuals, with the hope of receiving a tax refund. However, the unfortunate reality is that tax refunds, like any valuable document, can be vulnerable to theft. If you find yourself in the distressing situation of having your tax refund stolen, it’s crucial to take swift action […]
What Happens If You Don’t File Your Taxes?
The April 18th tax deadline passed, and you did not file your tax return. Now what? First, don’t panic. Not everyone needs to file a tax return. Typically, if you earn less than the standard deduction associated with your filing status, you do not need to file a return. However, if you did not file […]
What is Schedule R, Tax Credit for Elderly or Disabled?
Tax season can be a daunting time for many, with the intricacies of various forms and schedules often causing confusion. Among these, Schedule R is a form that remains relatively unknown to many taxpayers. However, for those who qualify, Schedule R can be a valuable resource. It allows eligible individuals to claim the Credit for […]