Wednesday, April 01, 2020

Senior citizens should file income tax returns for the state and federal government.

Many seniors work a part time job and just consider it extra income, but, it is more than that. The income tax returns, even city returns, sometimes have hidden credits. The federal return has a earned income tax credit (EITC) (click here) that can be obtained by low and moderate income. It is not reliant on having a child on the tax return as a dependent. This tax credit is available to any low to moderate income individual.

March 31, 2020
By Sahil Kapur

Washington - New information from the IRS (click here) on Monday shines more light on what people can do to get their checks from the government as quickly as possible while many families worry about paying the bills and buying food during the coronavirus crisis, which has cost millions of people their jobs.
For Americans eligible for stimulus cash under the new relief law, the fastest way to receive it is to make sure they've filed a tax return for 2019 or 2018 with bank information so the government can deposit the money directly.
The IRS says it will use people's 2019 returns to calculate eligibility and automatically send the money to those who qualify. If they haven't filed a 2019 return, it'll be based on the 2018 return....