Friday, January 27, 2012

Tax Season is Here - But So Is Your Library

It's tax time again, but your Library is here to help you. It may not be much fun to file your taxes, but your Library will make it as easy as possible.
The most valuable tax service available at your Library is the tax preparation provided absolutely free by the well trained volunteers from AARP. They'll be here every Wednesday from 9 am to 5 pm, from February 1 through April 11. People are served on a first come first served basis. It's very popular, so you might have to wait a while. However, thanks to a grant from Entergy, there will be coffee and cookies available - and you can always browse the Library while you're waiting.

Looking for FORMS? We have the Mississippi tax forms, instruction booklets, and mailing envelopes - as well as a few Federal forms - conveniently located at the information desk just inside the front door. Come in and help yourself. Federal tax forms and instructions are no longer mailed out by the government, but they can be downloaded and printed from the internet by following this link, which is also on our web site, either at the Library or at home. Also thanks to the grant from Entergy, all tax related printing charges will be discounted. The grant also allows us to set up a special computer just for patrons printing forms or filing taxes.

Everyone can use FREE File and let the IRS do the hard work for you.  Brand name tax software is available free from several participating software companies if your income is under $57,000 - and some companies also include free filing of state tax returns. Everyone is eligible to use Free File Fillable Forms, which are online versions of the paper forms designed for people comfortable preparing their own tax returns.

Today is Earned Income Tax Credit (EITC) Awareness Day. Created in 1975, EITC helps offset the impact of Social Security taxes and provides an incentive for work. It is the federal government's largest benefit program for low income workers. You could be eligible to get more money back from the IRS - as much as $5,751. If you earned less than $49,078 from wages, self-employment, or farming last year, you may qualify for EITC. EITC is a financial boost for working people in a recovering economy. You may be among the millions who will qualify for the first time because your financial, marital, or parental status changed during the recession. So click on the widget below to see if you qualify.

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