Taxes
The standard deduction is the amount of income you get to deduct from your total taxable income. Because the standard deduction lowers your taxable income, it means you pay less income tax. In 2019, the standard deduction for someone filing as single is $12,200. For a Head of Household, the standard deduction is $18,350. And…
Volunteer Income Tax Assistance (VITA) is a program of the IRS. VITA sites offer income tax preparation help free of charge for people who generally make less than $56,000 annually, people with disabilities, and those with difficulty speaking English. The program is also offered on military installations. The offices are run by volunteers who have…
Hi, I’m Mike. I’m a tax expert with Intuit TurboTax. It’s tax season! It’s time to talk about some questions that are frequently asked by taxpayers. Today we’re going to talk about: How can I file for free? If you made $66,000 or less in 2018, you’re eligible to use free, IRS-sponsored programs to file…
Submitted by Veronica C. Living on only social security income tells me that you are resourceful and doing a...
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