For more information on the IRS Free File click here.
Courtesy of The IRS and Virginia CASH Campaign Partners
IRS Free File
Let Free File do the hard work for you with brand-name software or online Fillable Forms. You can prepare and e-file your federal return for free. Participating software companies make their products available through the IRS. Some also support state tax returns.
For more information on the IRS Free File click here.
Courtesy of The IRS and Virginia CASH Campaign Partners
For more information on the IRS Free File click here.
Courtesy of The IRS and Virginia CASH Campaign Partners
Free VA Tax Filing
Carolyn Spohrer, VA CASH Campaign and Virginia Community Action Partnership, introduced Governor McDonnell at the Virginia Free File Public Briefing on February 7, 2012. Governor Bob McDonnell said Tuesday that the VA Free File program gives more than 2 million low- and moderate- income Virginia taxpayers the opportunity to prepare and electronically file their 2011 federal and state income tax returns for free this tax season. The governor spoke at a public briefing on VA Free File at the Library of Virginia on Tuesday, Feb. 7. He was joined by Speaker of the House William J. Howell and Senator Richard Saslaw.
VA Free File is a public-private partnership between the Virginia Department of Taxation and the Free File Alliance, a coalition of commercial tax-software companies. The 2010 General Assembly approved the partnership. VA Free File is modeled after the highly successful Internal Revenue Service Free File program used by millions of taxpayers since 2003 to e-file their federal income tax returns for free. Free File lets taxpayers who meet certain eligibility criteria, including an income threshold, e-file their state and federal tax returns for free online using commercial tax-preparation software. Free File supports the Virginia 760 form for residents, the 760PY form for part-year residents , and the 763 form for non-residents.
"Last year only a fraction of those who qualified for free tax-return preparation and e-filing of their federal and state returns took advantage of Virginia's new Free File program," said Governor McDonnell. "This year I urge all Virginia taxpayers who earn $57,000 or less in adjusted gross income last year to go to the Tax Department's website to see if they qualify to use VA Free File."
To learn more about VA Free File click here.
For more on Governor McDonnell's Press Release on VA Free File click here.
Courtesy of VA CASH Campaign, Virginia Community Action Partnership, Governor McDonnell's Press Release
VA Free File is a public-private partnership between the Virginia Department of Taxation and the Free File Alliance, a coalition of commercial tax-software companies. The 2010 General Assembly approved the partnership. VA Free File is modeled after the highly successful Internal Revenue Service Free File program used by millions of taxpayers since 2003 to e-file their federal income tax returns for free. Free File lets taxpayers who meet certain eligibility criteria, including an income threshold, e-file their state and federal tax returns for free online using commercial tax-preparation software. Free File supports the Virginia 760 form for residents, the 760PY form for part-year residents , and the 763 form for non-residents.
"Last year only a fraction of those who qualified for free tax-return preparation and e-filing of their federal and state returns took advantage of Virginia's new Free File program," said Governor McDonnell. "This year I urge all Virginia taxpayers who earn $57,000 or less in adjusted gross income last year to go to the Tax Department's website to see if they qualify to use VA Free File."
To learn more about VA Free File click here.
For more on Governor McDonnell's Press Release on VA Free File click here.
Courtesy of VA CASH Campaign, Virginia Community Action Partnership, Governor McDonnell's Press Release
EITC Finder
Who is the EITC Finder for?
The EITC Finder is specifically designed for lower and middle income taxpayers who can access the Internet on their smart phones. It is also for nonprofits and others that serve these tax filers. The app gives staff and volunteers the ease and flexibility of showing families - wherever they may be meeting - how easy it is to determine EITC eligibility.
How does it work?
The EITC Finder asks a few simple questions ... things like "Are you married or single?"; "How many children do you support?"; and "How much money did you earn last year?" If the information you enter indicates you qualify for EITC, the app estimates how much you could get back from the IRS and your state. Then it tells how you can easily claim the EITC by preparing and filing your tax return for FREE with one of the free products offered through IRS Free File.
Why does the EITC Finder refer people to Free File to claim EITC?
Free File is a public- private partnership between the IRS and commerical tax software companies. From www.IRS.gov/FreeFile, taxpayers can choose from among more than a dozen brand name software products. Each product provides step-by-step guidance for getting a more accurate tax return and claiming the tax credits and deductions they are eligible for, inlcuding EITC. They can transmit their return electronically and if they select direct deposit, they can get their refund in as fast as 7-10 days. All for FREE.
How can tax filers get help claiming EITC with Free File?
More than 300 IRS Volunteer Income Tax Assistance (VITA) programs across the country are providing opportunities for people to use Free File products at their sites. A listing of the VITA sites offering Free File services is posted on the EITC Finder's support site, www.IntuitEmpowers.com.
Where can I find the EITC Finder?
Intuit's new EITC Finder is available in both English and Spanish on the App Store and Android Market. The release coincides with National Earned Income Tax Credit Day on January 27. For more information and video demonstration visit www.IntuitEmpowers.com.
Courtesy of Inuit Financial Freedom Foundation
The EITC Finder is specifically designed for lower and middle income taxpayers who can access the Internet on their smart phones. It is also for nonprofits and others that serve these tax filers. The app gives staff and volunteers the ease and flexibility of showing families - wherever they may be meeting - how easy it is to determine EITC eligibility.
How does it work?
The EITC Finder asks a few simple questions ... things like "Are you married or single?"; "How many children do you support?"; and "How much money did you earn last year?" If the information you enter indicates you qualify for EITC, the app estimates how much you could get back from the IRS and your state. Then it tells how you can easily claim the EITC by preparing and filing your tax return for FREE with one of the free products offered through IRS Free File.
Why does the EITC Finder refer people to Free File to claim EITC?
Free File is a public- private partnership between the IRS and commerical tax software companies. From www.IRS.gov/FreeFile, taxpayers can choose from among more than a dozen brand name software products. Each product provides step-by-step guidance for getting a more accurate tax return and claiming the tax credits and deductions they are eligible for, inlcuding EITC. They can transmit their return electronically and if they select direct deposit, they can get their refund in as fast as 7-10 days. All for FREE.
How can tax filers get help claiming EITC with Free File?
More than 300 IRS Volunteer Income Tax Assistance (VITA) programs across the country are providing opportunities for people to use Free File products at their sites. A listing of the VITA sites offering Free File services is posted on the EITC Finder's support site, www.IntuitEmpowers.com.
Where can I find the EITC Finder?
Intuit's new EITC Finder is available in both English and Spanish on the App Store and Android Market. The release coincides with National Earned Income Tax Credit Day on January 27. For more information and video demonstration visit www.IntuitEmpowers.com.
Courtesy of Inuit Financial Freedom Foundation
Assets and Opportunity Scorecard
The recent release of the scorecard indicates that 20.9% of Virginia Families are asset poor, meaning that they do not have sufficient assets to sustain a three month loss of income. For single parent households 54.34% are asset-poor.
More astonishing is that if you remove illiquid assets like homes, vehicles and businesses, 35.9% of all Virginians and 82.57% of single parent households are liquid asset poor.
Without savings, a large number of Virginians do not have the resources to sustain them in times of financial stress.
For more click here (courtesy Corporation for Enterprise Development/CFED)
Courtesy of Lori Irwin, Financial Empowerment Program Coordinator at Virginia Beach Department of Human Services
More astonishing is that if you remove illiquid assets like homes, vehicles and businesses, 35.9% of all Virginians and 82.57% of single parent households are liquid asset poor.
Without savings, a large number of Virginians do not have the resources to sustain them in times of financial stress.
For more click here (courtesy Corporation for Enterprise Development/CFED)
Courtesy of Lori Irwin, Financial Empowerment Program Coordinator at Virginia Beach Department of Human Services
Love and Money
With Valentine's Day right around the corner, love is in the air, leading couples to talk about romantic getaways, special gifts and fun outings to express their love and affection. In addition to the candy hearts and fragrant roses, this season of love is also the perfect time to have candid conversations about financial matters with the one you love. For more on this and other articles click here. To download a "Love and Money" ebook to help you discuss money with your partner click here.
Courtesy of Money Management International
Courtesy of Money Management International
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