Topic: Earned Income Tax Credit

IRS Offers Special Tax Benefits for Armed Forces Personnel

July 22, 2013 |

Washington, D.C. – If you’re a member of the U.S. Armed Forces, the IRS wants you to know about the many tax benefits that may apply to you.

Special tax rules apply to military members on active duty, including those serving in combat zones.

These rules can help lower your federal taxes and make it easier to file your tax return.

«Read the rest of this article»

IRS Answers Common Questions for Last-minute Tennessee Filers

April 6, 2013 |

Nashville, TN – With just days to go before the tax filing deadline, the IRS reminded Tennessee taxpayers to file either a tax return or an extension request by April 15th.

“Missing the tax deadline can be costly,” said IRS spokesman Dan Boone. “But taxpayers can easily avoid or reduce the penalties by taking action no later than April 15th,” . «Read the rest of this article»

IRS says Protect Yourself from the Dirty Dozen Tax Scams

March 31, 2013 |

Washington, D.C. – The IRS’s annual ‘Dirty Dozen’ list includes common tax scams that often peak during the tax filing season. The IRS recommends that taxpayers be aware so they can protect themselves against claims that sound too good to be true.

Taxpayers who buy into illegal tax scams can end up facing significant penalties and interest and even criminal prosecution. «Read the rest of this article»

IRS Offers Tax Filing Tips for Tennesseans

March 24, 2013 |

Nashville, TN – Spring is here and that means the April 15th tax filing deadline can’t be far away. Some people will wait until the last minute to file.

IRS spokesman Dan Boone offers these five tips for the estimated 605,000 Tennesseans who will wait until April to file. «Read the rest of this article»

IRS Has Over $14 Million for Tennesseans Who Have Not Filed a 2009 Income Tax Return

March 15, 2013 |

Nashville, TN – Refunds totaling over $14 million may be waiting for an estimated 16,400 Tennessee taxpayers who did not file a federal income tax return for 2009, the Internal Revenue Service announced today. However, to collect the money, a return for 2009 must be filed with the IRS no later than Monday, April 15th, 2013.

The IRS estimates that half the potential refunds for 2009 are more than $550.00.

«Read the rest of this article»

IRS says Tax Benefits available for those with Disabilities

March 1, 2013 |

Washington, D.C. – Taxpayers with disabilities and parents of children with disabilities may qualify for a number of IRS tax credits and benefits.

Listed below are seven tax credits and other benefits which may be available if you or someone else listed on your federal tax return has a disability. «Read the rest of this article»

IRS says Military Personnel and their Families can get Free Tax Help

February 25, 2013 |

Washington, D.C. – Military members and their spouses may be eligible to receive free tax return preparation assistance.

The IRS and U.S. Armed Forces partner in the Volunteer Income Tax Assistance program, which provides free tax advice, tax preparation, return filing and other tax assistance to military members and their families. «Read the rest of this article»

IRS Free File Makes Filing Easy and Free

February 19, 2013 |

Washington, D.C. – Everyone can prepare and e-file a federal tax return for free through the IRS Free File Program. That’s right – everyone.

Free File is offered through a public-private partnership between the Internal Revenue Service and brand-name tax software companies. Free File offers two options: easy-to-use software or online fillable forms. «Read the rest of this article»

Internal Revenue Service gives Eight Tax-Time Errors to Avoid

February 18, 2013 |

Washington, D.C. – If you make a mistake on your tax return, it can take longer to process, which in turn, may delay your refund.

Preparing your return on a computer and e-filing it will significantly reduce the chance of errors, but even then it’s still important that you input the correct information. «Read the rest of this article»

IRS says the Earned Income Tax Credit is a Valuable Tax Credit

February 12, 2013 |

Washington, D.C. – The Earned Income Tax Credit (EITC) is a financial boost for workers earning $50,270 or less in 2012. But this valuable credit is overlooked by some filers who could be claiming it.

Here are the top 10 things the IRS wants you to know about EITC, which has been making the lives of working people a little easier for 38 years. «Read the rest of this article»

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