Between the American Association of Retired Persons Foundation Tax Aide program, and the IRS Volunteer Tax Information Assistance (VITA) program, there are close to 600 sites across the Commonwealth offering free state and federal tax preparation service to low- and moderate-income tax filers as well as those 60 and older.
The AARP sites can be found here; the VITA sites here. Both programs will assist low- and moderate-income taxpayers and those 60 and older in filing for the federal Earned Income Tax Credit, and the state's Senior Circuit Breaker Tax Credit. Both are refundable tax credits.
The EITC delivers a maximum federal tax credit of more than $5,751, which is then matched by a state tax credit equal to 15 percent of the federal credit or an additional $862. The income ceiling for the EITC is $49,078 for a married couple filing jointly or $43,998 for a single head of household.
Last year, more than 26 million federal tax filers received nearly $59 billion in tax credits. In Massachusetts, nearly $110 million was paid to nearly 400,000 tax filers as a result of the 15 percent state match, which began in 1997. The EITC was enacted by Congress in 1975.
Gov. Deval Patrick issued a proclamation declaring Jan. 27 as Earned Income Tax Credit Awareness Day. That same day, Lt. Gov. Timothy P. Murray issued a statement pointing out that "there are still many Massachusetts residents who do not realize that they qualify for the program or do not know how to claim the credit … this resource is critical now more than ever, as Massachusetts families can use some extra money in their pocket to support every day needs for their households."
MA Filing Extension to April 18th Announced posted on Apr 15
The Department of Revenue’s WebFile tool, which allows individuals to electronically file state personal income tax returns, has experienced delays due to heavy volume over the past few days. DOR is actively working to resolve this issue, and has extended the deadline for taxpayers to …Continue Reading MA Filing Extension to April 18th Announced
WARNING: Tax Lien Notices NOT issued by DOR Making the Rounds posted on Mar 13
Here’s another unfortunate addition to the list of financial things to protect yourself from. DOR has learned that letters of questionable origin are being sent to taxpayers with outstanding tax liens. Although these notices show amounts from actual tax liens, they are not from the Massachusetts …Continue Reading WARNING: Tax Lien Notices NOT issued by DOR Making the Rounds
Don’t Let a Hacker Steal YOUR Refund posted on Mar 11
There are some rabbit holes you definitely don’t want to fall down during tax season. One such hole, and an increasingly-common nightmarish scenario, is finding out your tax refund has been stolen. In a recent article, Allison Martin of Money Talk News was the bearer …Continue Reading Don’t Let a Hacker Steal YOUR Refund