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VITA offers free tax preparation for moderate- to low-income individuals who make $60,000 or less, disabled individuals, senior citizens, or those who have a language barrier. Last year, the AGI ...
Tax-Aide sites will begin taking appointments for free tax preparation and e-filing services beginning in early February, AARP said. See: 5 Alternative Ways To Build Your Wealth in 2022 Find: 6 ...
Many people think the IRS Free File program is only for simple tax returns with W-2 income reported on a 1040-EZ.
Today, tax preparation remains a highly unregulated industry and around 60% of all taxpayers turn to a paid preparation service. The longevity of the VITA program is dependent on funding being approved and provided by Congress. The last official act to support the IRS initiative was made in 2017.
People 50 or older can make “catch-up” contributions to their retirement accounts: The 2023 contribution limit for a traditional or Roth IRA is $6,500, up from $6,000 in 2022, but if you’re ...
IRS Free File is a public-private partnership between the IRS and tax software providers that offers free online tax preparation and filing for individuals with an Adjusted Gross Income (AGI) of ...
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