This article appeared in a January 2018 issue of the student newsletter.
With the holidays behind us, a new season has arrived: Tax season!
Tax season means it is time to file your tax return and let the government know how much income you made in 2017.
Before you hire someone to help you, however, consider your options. You may qualify for free help filing your taxes. For example, more than a million residents of Dallas County qualified during the 2015 tax season! Sadly, few took advantage of this opportunity — instead paying an average of $273 each to file their tax returns.
Ouch. Talk about a missed opportunity, huh?
It also cost the Dallas economy some big bucks (nearly $70 million in lost revenue).
To see if you qualify for free tax prep services, choose which best describes you:
• I am not very tech savvy • I have a complex tax return and/or I don't understand English very wellor
• I am more tech savvy • I have a simple tax return and/or I do understand English well • I would like to file my taxes online using H&R Block software or
If you chose A, that means you can file your taxes for free in-person (thanks to the Volunteer Income Tax Assistance program). An IRS-certified volunteer will help you prepare your tax return for filing. Help is available in English and Spanish at more than 50 locations in the DFW metroplex beginning in late January. Appointments are available during the day, evening and weekends. And many locations are DART accessible.
Learn more about filing in person for free.
If you chose B, that means you qualify for free tax help from MyFreeTaxes.com. MyFreeTaxes.com is a free, online tax service powered by H&R Block that makes filing taxes easy. MyFreeTaxes.com is mobile optimized, secure, and trusted by more than 1 million consumers nationwide. There is an option to save your progress as you go and a customer support line you can call if you need help.
Note: You can file one federal return and up to three state returns using MyFreeTaxes. If you are filing jointly with your spouse, your entire household income for 2017 must be less than $66,000 to qualify for the MyFreeTaxes service.
Learn more about filing online for free.
Note: Households earning more than $66,000 do not qualify for free tax preparation.
Like saving money? MyMoneyDFW.com has tons of information about free resources and easy ways to make your money go further.
You work hard for your money; keep it. Visit MyMoneyDFW.com
Many important dates surround tax season. Be sure to add these to your calendar ASAP. Like … right now!
In addition, here are some helpful articles from Forbes and The Balance: