Topic: Earned Income Tax Credit

Use IRS.gov for Quick Answers to your Tax Questions

February 19, 2017 |

Washington, D.C. – The Internal Revenue Service today reminded taxpayers that the next couple of weeks, especially around Presidents’ Day, marks the busiest time of year for IRS toll-free phone services. Taxpayers can avoid the rush by getting answers to their questions on IRS.gov.

The IRS will be issuing an “Avoid the Rush” series of news releases that provide tips related to the most common questions asked by taxpayers during the February peak.

Income Taxes

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IRS Has $17 Million for Tennessee Taxpayers Who Have Not Filed a 2012 Tax Return

March 10, 2016 |

Atlanta, GA – Refunds totaling $950 million may be waiting for an estimated one million taxpayers in the nation who did not file a federal income tax return for 2012. In Tennessee, over $17 million in unclaimed refunds awaits 19,700 individuals. However, to collect the money, a return for 2012 must be filed with the IRS no later than Monday, April 18th 2016.

“Time is running out if you want to get your refund,” said IRS Spokesman Mark Green. “Taxpayers should review their 2012 statements for refundable credits and withholdings.  We want all taxpayers to get the refund they’re due.”

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Internal Revenue Service says Don’t Miss Out on IRS Free File

March 9, 2015 |

Washington, D.C. – Internal Revenue Service (IRS) Free File is a fast, safe and free way to file your federal tax return.

Free File does the hard work for you with either brand-name tax software or online fillable forms.

Here are five tips that you should know about Free File.

https://www.youtube.com/watch?v=yyD2HoxKf-4 «Read the rest of this article»

IRS reports $12.8 Million in refunds for Tennesseans who have not Filed 2010 Income Tax Return

March 20, 2014 |

Nashville, TN – Refunds totaling more than $12.8 million may be waiting for about 16,300 Tennesseans who did not file a federal income tax return for 2010, the Internal Revenue Service announced today. However, to collect the money, a return for 2010 must be filed with the IRS no later than April 15th, 2014.

Nationwide, almost $760 million may be waiting for an estimated 918,600 taxpayers who did not file a tax return for 2010.

For 2010 returns, the window closes on April 15th, 2014. The law requires that the return be properly addressed, mailed and postmarked by that date. «Read the rest of this article»

IRS asks, Are You Behind on Filing Tax Returns?

February 18, 2014 |

Washington, D.C. – Not filing a federal tax return can cost you – either by increasing what you owe the IRS or by causing you to miss out on a refund.

So, why didn’t you file? Maybe you thought you didn’t have to. Maybe you just kept putting it off and then forgot. Whatever the reason, it’s best to file your return as soon as possible. «Read the rest of this article»

IRS Opened 2014 Tax Season Saturday, February 1st; Tennessee Workers Reminded to Claim Earned Income Tax Credit

February 2, 2014 |

Nashville, TN – The Internal Revenue Service today opened the 2014 tax filing season by highlighting a growing number of online services at IRS.gov and encouraging Tennesseans to check out a variety of tax benefits, such as the often-overlooked Earned Income Tax Credit.

“As Tennesseans start filing their returns now, we hope those who worked any part of last year won’t forget to see if they qualify for the Earned Income Tax Credit,” said IRS spokesman Dan Boone. «Read the rest of this article»

New IRS Tax Guide Helps People With Their 2013 Taxes

December 24, 2013 |

Washington, D.C. – Taxpayers can get the most out of various tax benefits and get a jump on preparing their 2013 federal income tax returns by consulting a newly revised comprehensive tax guide now available on www.IRS.gov.

Publication 17, Your Federal Income Tax, features details on taking advantage of a wide range of tax-saving opportunities, such as the American Opportunity Tax Credit for parents and college students, and the Child Tax Credit and Earned Income Tax Credit for low- and moderate-income workers.

https://www.youtube.com/watch?v=NPo7KDXBBe0 «Read the rest of this article»

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.

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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»

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