If you feel stressed at the thought of the upcoming tax deadline, now is the time to take action using free tax preparation services. The deadline to file tax returns for the 2022 tax year is Tuesday, April 18, 2023 for most people. Fortunately, there are free on-line and in-person resources to help you file your taxes on time.Get Started …
Earned Income Tax Credit
If your 2022 income was in the low to moderate range, you could be eligible for a tax break through the Earned Income Tax Credit (EITC). The EITC could reduce the taxes you owe and increase your refund. To qualify for the EITC, you must: Have worked in 2022 and have an adjusted gross income (AGI) under $59,187. AGI is your gross …
Free Tax Preparation Services to Meet the July 15, 2020 Filing Deadline
The tax filing deadline was extended to July 15, 2020, by The IRS (Internal Revenue Service) and State of Wisconsin in response to COVID-19. If you haven’t filed your taxes already, you still have time to get free tax preparation help. Individual resource agencies listed here may have COVID-19 protection requirements, such as social distancing or temperature screenings, to protect …
Unknown Assets and Supplemental Security Income (SSI)
Supplemental Security Income (SSI) beneficiaries occasionally learn they own a countable asset they weren’t aware of. For example, a beneficiary may discover that a relative had purchased stock for them and it has a cash value. Determining If an Unknown Asset is a Countable Asset In this type of situation, Social Security first determines if the SSI beneficiary has: ownership …
Social Security, Benefits and Taxes
Benefits Specialists normally do not assist clients with their taxes unless they are qualified tax preparers. However, they should have a general knowledge of how Social Security benefits may affect a person’s taxes and what credits may be available to their consumers. Title XVI and Title II Benefits are Treated Differently All Title XVI (Supplemental Security Insurance or SSI) payments …
Free Tax Preparation Services
Have you finished preparing your taxes yet? If you’re like a lot of people, you might have waited until now… and may be wondering where you can get some help completing them in time for the April 15th deadline. We have good news! You may be able to get free help to prepare your taxes. My Free Taxes My Free …
ABLE – Achieving a Better Life Experience
Would you benefit by opening a tax-advantaged ABLE savings account? WHO can Use ABLE Accounts The ABLE Accounts are for people with disability onset prior to age 26. You do not need to be under age 26 to open an account. WHAT are ABLE Accounts ABLE accounts are similar to college or health savings accounts. People with disabilities and their …