Tag Archives: TaxSeason

Five Helpful Tax Filing Tips for the 2018 Tax Season

The IRS has announced that it will begin accepting tax returns on January 29. Tax season can be stressful, and we want to make sure everyone is aware of information that could make filing easier. Free filing services are available. We recently published a blog that listed free tax filing options in Kansas City. If you meet the income requirements, a certified professional could help you file your taxes. You also qualify for the IRS’ Free File service if your household income is under $66,000. The IRS teams up with other companies to provide free e-filing options for filers who meet this requirement. You can file before January 29. E-filing services and tax professionals can help you file your taxes before this date. However, the IRS will not accept your return until January 29. You can receive your refund faster by e-filing. There are many e-filing options you could choose…
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Can I Get Free Help With My Taxes?

The IRS is expected to begin the 2018 tax season within the next few weeks. Filing taxes can be a confusing process for many people. Fortunately, you may qualify to receive free help filing your taxes this year. Options for free tax preparation in Kansas City may include: VITA programs: Kansas City has several volunteer income tax assistance (VITA) programs. Certified volunteers working for Next Step KC could help with your income tax preparation if you have an income of $60,000 or less. Next Step KC can also help resolve tax problems for filers who meet the eligibility requirements. The University of Kansas School of Law also operates a VITA program each year. However, the program’s start date for the 2018 tax season has not been announced. TCE programs: Tax counseling for the elderly (TCE) services may be an option. As the name implies, TCE services are a type of…
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Top 5 Smartest Ways to Use Your Tax Refund

Statistics released by the IRS show the average tax refund is $3,120. Even if you receive less than $1,000, there are still ways to use your tax refund to improve your finances. Save for an emergency: You can use your tax refund to save for emergency situations, such as losing a job or paying for vehicle repairs. Tax refunds can be the first step to building an emergency fund that can cushion damage from worst-case scenarios. Pay off your debts: Tax refunds are an excellent way to get a head start on paying down student loans, medical bills and credit card debts. Depending on the situation, this may help improve your credit score and help you avoid paying interest. If you are going to finish paying off a debt, check with your creditor beforehand to ensure you will not be charged early payment fees. Put it into your retirement fund:…
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