Detroit -The city on Thursday unveiled an outreach campaign created to help thousands of residents get a larger tax refund.
As tax season begins, Attorney General Andy Beshear is warning Kentuckians to be on the lookout for tax-related identity fraud.
This year's filing deadline is Tuesday, April 18, since the traditional April 15 date falls on a Saturday, and D.C. Emancipation Day is observed on April 17.
Families throughout Northern Virginia received over $9.5 million in federal refunds last tax season through this free service. Iowa will delay earned income tax credit refunds until early March, and Georgia notified taxpayers that it will begin processing returns on February 1 and that processing and issuing a refund could take more than 90 days. An ITIN is used by anyone who has tax-filing or payment obligations under US tax law but is not eligible for a Social Security number.
To receive the credit, the city notes, individuals must file a tax return regardless of whether they owe any tax or are otherwise not required to file. That means they are beneficial even after reducing your tax liability to zero. As part of the Security Summit effort, stronger protections for taxpayers and the nation's tax system are in effect for the 2017 tax filing season.
"For example, families should be aware of this delay and try to avoid taking on extra debt, and high-cost debt in particular, at a point when they may have to wait weeks to pay it off", he said.
A few other things to consider in the 20-page summary of the 2015 Act include the prohibition on filing amended returns to claim refundable credits when the qualified individual did not have an Individual Taxpayer Identification Number or ITIN.
"The IRS automatically identifies taxpayers located in the covered disaster area and applies automatic filing and payment relief".
Now, the deadline is the same, January 31, for the employer to get the form to both the employee and the government. Taxpayers are reminded that state tax agencies have their own refund processing timeframes that vary, and some states may make additional reviews to ensure their refunds are being issued properly.
Eligibility for the tax credits depends on income level, marital status and number of children. A family with a married couple, three or more children with a combined income of $23,000 could net the maximum $6,269. That results in $1,050 and $2,100 in actual credit respectively.
The IRS estimates that as many as 26 percent of EITC claims may be paid erroneously. That way anything sent to you will reach you, such as refund checks or requests for more information.
"I wouldn't just simply go through the phone book and pick someone randomly", says Melissa Labant, director of tax policy and advocacy at the American Institute of CPAs.
The first tax-themed phish we'll show you pushes a fake IRS form on unwitting users. And the deduction is limited to medical, dental and long-term care expenses that exceed 10 percent (or 7.5 percent if you're 65 by December 31, 2016) of your adjusted gross income.