Some people earn income and may have taxes withheld from their wages but are not required to file a tax return because they have too little income, said Clay Sanford, IRS spokesman in Dallas. An example might be a college student with a summer job.
"Tax credits, deductions and savings plans can help taxpayers with the price of higher education," said Clay Sanford, an IRS spokesman in Dallas. "Make sure you don't overlook a potential tax advantage."
Free File picks the right forms, does the math and helps you find all the tax benefits for which you are eligible, said Clay Sanford, an IRS spokesman in Dallas. The software asks questions, and you provide the answers.
Date: Feb 06, 2013
Category: Business
Source: Google
Earned income tax credit benefits low-income workers
One-third of the eligible population changes each year as their financial, marital and parental statuses change, said Clay Sanford, IRS spokesman in Dallas. Although an estimated 4 out of 5 eligible workers and families get the credit, 1 in 5 still miss out on it, either because they dont claim
"Usually, 20 to 25 percent of all taxpayers file in the final two weeks of the tax season, andabout 7 percent of taxpayersgenerallyseek a six-month extension to file," said Clay Sanford, an IRS spokesman.If you cannot meet the April 18 deadline, file an extension, Form 4868,Application for Au