Program changes may lead some to paying to file a return or not filing at all and missing out on a refund. I sure hate to see even more piled on their plate because of this, Purcell said.
The IRS has run the VITA program for 50 years, along with the Tax Counseling for the Elderly, or TCE program, which provides free tax-filing aid to those over 60 years old. The programs help millions of Americans file each year in 2019, more than 80,000 volunteers prepared 3.5 million federal tax returns, according to the agency.
Last year, VITA s numbers dropped when Covid hit in March, disrupting the tax season. In 2020, the program had about 10,000 fewer volunteers and prepared 1 million fewer tax returns than the year before, the IRS said.
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If you received unemployment last year, you could be in for a surprise at tax time depending on where you live Share Updated: 10:43 AM CST Feb 1, 2021 By Jeanne Sahadi
If you received unemployment last year, you could be in for a surprise at tax time depending on where you live Share Updated: 10:43 AM CST Feb 1, 2021
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Show Transcript ah winter snowstorm in the nation s capital will not delay President Joe Biden s efforts to provide coronavirus relief this morning, scheduled to meet Republican lawmakers offering a counterproposal to his $1.9 trillion plan. 10 Republican senators announcing their idea for a smaller package at a $600 billion price tag. The downsized GOP plan includes direct payments for families who need assistance The most extends federal unemployment benefits and $160 billion for vaccines and supplies for COVE in 19 testing and treatment. We really want to help those who need it the most
Even if you re normally not required to file taxes because you re part of the SSI or SSDI programs, you re retired or you don t meet the IRS income threshold, that could change this year if you need to claim missing stimulus money. Here s what to know and do.
Biden s stimulus risks sending aid to those who don t need it Print this article
Who exactly will get the enhanced cash aid, and who won t, in the
stimulus package the Biden administration will soon negotiate with Congress? This is the first of many distributional challenges awaiting lawmakers on both sides of the aisle. Choices on targeting increasingly scarce public funds will reveal which income groups both parties are committed to represent.
Details of the relief proposal had not been released as of this writing. But it is likely that the administration has been working from the distribution template in legislation Democrats introduced at the end of December. That bill, the