PixaBay, Grok, Getty Images Signature, en.edatv.news Urgent Notice From U.S. Social Security About the IRS: You're Going to Get Away
Social Security Throws a Lifeline to Millions of Americans to File Their Taxes Smoothly
The tax season in the US is underway and it's essential for taxpayers to be prepared to file their return by April 15. If you're not familiar with the process or need assistance, both Social Security and the IRS offer resources to make this task easier.
Help Available for Tax Filing: SSA and IRS Lend a Hand
The IRS provides several help options for those who require assistance in preparing their taxes. The Free File allows taxpayers with an adjusted gross income (AGI) of $84,000 or less in 2024 to access free tax preparation software. Some providers also include state return preparation and filing at no extra cost.
Regardless of your income, you can use these free electronic forms provided by the IRS to complete and file your tax return online.
The Volunteer Income Tax Assistance (VITA) program offers free assistance to people with low to moderate incomes, disabilities, or limited English proficiency. The Tax Counseling for the Elderly (TCE) program focuses on helping individuals aged 60 and older, providing specialized advice on retirement-related matters.
How to Find a Qualified Tax Professional
If you prefer a professional to handle your return, it's essential to choose someone trustworthy. The IRS offers a Directory of Federal Tax Return Preparers with Credentials and Select Qualifications.
There you can find enrolled agents, certified public accountants, and attorneys with recognized credentials. When selecting a tax preparer, consider the following tips:
- Verify credentials: Ensure the professional has a Preparer Tax Identification Number (PTIN) and the appropriate credentials.
- Avoid unrealistic promises: Be wary of those who guarantee large refunds without knowing your financial situation.
- Transparency in fees: Fees should be clear and not based on a percentage of your refund.
- Signature and PTIN on the return: The preparer must sign the return and include their PTIN.
- Availability: Choose a preparer who is available even after the tax season to address any questions or issues that may arise.
Deadline and the Importance of Acting Quickly
The deadline to file the tax return is April 15. Filing your return on time helps you avoid penalties and late fees. Additionally, if you're expecting a refund, the sooner you file your return, the sooner you'll receive your money.
If you need more time to prepare your return, you can request an extension until October 15. However, keep in mind that an extension to file is not an extension to pay. If you owe taxes, it's advisable to estimate and pay the amount owed by April 15 to avoid additional interest and penalties.
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