The Internal Revenue Service (IRS) has issued a statement regarding the much-anticipated tax refund.
A survey conducted by the IRS in 2021 found that 35% of all taxpayers communicated with the agency at least once in a given year, and 53% of those people required the services of a professional tax preparer.
How To Get Free IRS Tax Assistance?
Still, you can get tax help without spending a fortune. The AARP offers free tax help to eligible seniors at local libraries, and the IRS offers free assistance at local, and regional offices across the country.
Anyone can get help, and many IRS field offices are open on Saturdays and do not require an appointment. Some forms of free tax help are reserved for specific demographics, such as the elderly or those learning English.
IRS Free File: The IRS’s Free File program enables qualified taxpayers to prepare and file their federal tax returns for free using tax software provided by a number of private companies.
Tax Counseling for the Elderly (TCE) program: Participants in the TCE program who are 60 years of age or older receive free tax assistance. The program is run by trained volunteers and is available at community centers, libraries, schools, and other locations.
Volunteer Income Tax Assistance (VITA) program: The VITA program offers free tax assistance to people who make $57,000 or less, have a disability, or speak limited English. The program is run by trained volunteers and is available at community centers, libraries, schools, and other locations.
Local non-profit organizations: Some nonprofit organizations offer free tax preparation services to low-income taxpayers. By getting in touch with them, you can learn if any nearby organizations offer this service. instructions for a specific piece of software before seeking assistance.
AARP Tax-Aide is a different program that provides free tax preparation assistance to low- and middle-income taxpayers, with a focus on those who are 50 or older. The program is run by trained volunteers and is available at more than 5,000 locations across the nation.
Before requesting assistance, it’s important to keep in mind that these programs might have eligibility requirements or other restrictions.
Read more: Who’s eligible for stimulus checks during tax season?
Plan To Add Funds To Help Taxpayers
Congress also decided that they wanted to obtain a significant amount of additional funding in order to assist taxpayers. All of those guidelines are returning to the 20 and 19 guidelines.
In order to help taxpayers, Congress also made the decision that they wanted to secure a sizeable amount of additional funding. The 20 and 19 guidelines are referenced once more in all of those rules.
Tax experts predict that lower-middle and lower-income people will likely be impacted by the smaller refund checks.
Read more: Social Security update: Who will receive two checks in March?