There are several important money-saving options that could help you during this tax season. Here are a few suggestions and there is a wealth of information on the IRS website, www.irs.gov, which could lead to important money-saving options when filing your tax return.
Here are a few examples:
- How to use the Internal Revenue Service's (IRS) free file service to file your tax forms at no cost. Visit www.freefile.irs.gov for details.
- Advising employees how to make full use of the "Making Work Pay" tax credit. Learn more about the Tax Benefits of the American Recovery & Reinvestment Act.
- Earned Income Tax Credit (EITC) is a tax credit for certain people who work and have earned income under
$48,279. The EITC may also give a refund. Find out if you qualify.
- Significant Life Events that have a tax impact, such as:
- child care,
- education,
- marriage or divorce,
- job loss,
- starting a new career,
- persons with disabilities,
- first time homeowner,
- moving,
- bankruptcy,
- and more.
There are various IRS publications available online that address these taxpayer rights and more.
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