Tuesday, April 17, 2018

Free tax preparation from Tax-Aide

Tax-Aide is a free program by volunteers to do tax returns. It's an AARP Foundation program. You don't have to be a member of AARP or retired. The following link tells you about it, how to find a location near you, what documents you need to bring.


See the following link for what is and is not in Scope


In Scope:

• Wages, interest, dividends, capital gains/losses,
unemployment compensation, pensions and other
retirement income, Social Security benefits
• Self-employment income if no employees, no
inventory, no losses, no depreciation, no business use
of home, and no other complicating factors
• Most income reported on Form 1099-MISC
• Schedule K-1 that includes only interest, dividends,
capital gains/losses or royalties
• Itemized deductions, including noncash
contributions to charity that total
no more than $5,000
• Cancellation of nonbusiness credit card debt
• IRA contributions — deductible or not
• Most credits, such as earned income tax credit,
education credits, child/additional child tax credits,
child/dependent care credit, premium tax credit,
simplified method foreign tax credit on investments,
and retirement savings credit
• Repayment of first-time homebuyer credit
• Estimated tax payments
• Installment agreement request for taxes due
• Injured spouse allocation, depending on state
• Health Savings Accounts (HSA)*
• Amendments to filed returns
• Prior three tax years’ returns

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