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Tax Deadline Extended to May 17, 2021

In Featured, Financial Resources, News, Tax Resources by eri

The new deadline to file federal and state taxes is May 17, 2021. Your taxes may be more complicated this year because of COVID-19 in 2020. You may have had unemployment income and stimulus payments, and be affected by tax law changes in the recent $1.9 trillion coronavirus stimulus bill. The new tax deadline gives you extra time to gather …

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COVID-19 and Taxes: Free Help to File

In Benefits and Employment Articles, Blog, Featured, News, Tax Resources by eri

Although 2020 was difficult year for many of us, there were a few silver linings to the cloud. Stimulus checks, expanded unemployment benefits, the ability to work remotely, and tax relief packages enabled many of us to meet our basic needs and make it through an extraordinarily challenging time. These same silver linings may cause your taxes to look a …

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Free Tax Preparation Services to Meet the July 15, 2020 Filing Deadline

In Benefits and Employment Articles, Blog, Featured, News, Tax Resources by eri

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 …

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Unknown Assets and Supplemental Security Income (SSI)

In Benefits and Employment Articles, Benefits Articles, Blog, Featured, News, Tax Resources by eri

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 …

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Social Security, Benefits and Taxes

In Benefits and Employment Articles, Blog, Featured, News, Tax Resources by eri

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 …

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Free Tax Preparation Services

In Blog, Featured, News, Tax Resources by eri

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 …

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Earned Income Tax Credit

In Benefits Articles, Blog, Employment Articles, Featured, Tax Resources, Ticket to Work Articles by Amber Kwiatkowski

With tax season in full swing, don’t forget about the Earned Income Tax Credit (EITC). The EITC, also referred to as the Earned Income Credit (EIC), is a federal tax credit available to low-income workers. The EIC is a refundable credit. This means that even if you have no tax liability, you could receive a tax refund if you file …