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Savvy Seniors: Tax Filing

Canton Seniors, residents over the age of 55, might be eligible for free assistance preparing their 2012 tax forms at http://www.canton-mi.org/webevent/scripts/webevent.plx?cmd=showevent;token=guest;eventID=12935.  Call 734-394-5485 to make an appointment.  Tax preparation will begin on February 5.

2013 Tax Season Opens January 30th for 1040 Filers

The Internal Revenue Service will begin to accept and process 1040 applications on January 30th because of the recent tax law changes enacted by Congress in early January. However, there are several forms that require more extensive programming and testing because of the late legislation. At this time these forms are expected to be accepted in late February or March.

IRS Extends 2012 Filing Deadline

The Internal Revenue Service has announced a two-day extension to the tax return filing deadline for 2012.

Taxpayers will have until Tuesday, April 17, to file their 2011 tax returns and pay any tax due because April 15 falls on a Sunday, and Emancipation Day, a holiday observed in the District of Columbia, falls this year on Monday, April 16. According to federal law, District of Columbia holidays impact tax deadlines in the same way that federal holidays do; therefore, all taxpayers will have two extra days to file this year. Taxpayers requesting an extension will have until Oct. 15 to file their tax returns.

Tax Help for Seniors

Appointments are now being scheduled at the Summit for Seniors needing tax assistance. Counselors sponsored by AARP will help prepare tax returns beginning January 31st from the hours of 9:00 AM-1:30 PM. To schedule an appointment call the Canton Senior Desk at 734-394-5485.

Tax Help for Canton Seniors

Free Tax Counseling for Canton's Senior taxpayers with low to moderate income is available at the Canton Senior Center in The Summit. Morning and afternoon appointments are available, however joint returns scheduled for the afternoon must have both taxpayers available. Please call the Canton Senior Center at (734) 394-5485 to schedule an appointment.

IRS Ready to Accept All Returns

The IRS announced today that it is now ready to accept all income tax returns. "The IRS is now accepting all the 1040 forms," IRS Commissioner Doug Shulman said. "We worked hard to update our systems and get the changes in place as quickly as possible. We appreciate the patience of those impacted by the delay. We urge taxpayers to use e-file with direct deposit, and they can get their refunds within days." In late December 2010, the IRS announced it would delay processing of some tax returns in order to update processing systems to accommodate the late tax law changes.

Free Tax Help for Michigan Residents

Free tax preparation is available for qualified Michigan residents at sites around the state. You can call 2-1-1 (1-800-552-1183 if 2-1-1 is unavailable in your area) for help locating the free tax site nearest you.

Late Changes in Tax Law Delay Tax Season for Some

The start of the 2011 filing season will begin in January for the majority of taxpayers. However, last minute changes in the law mean that the IRS will need to reprogram its processing systems for three provisions that were extended in the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 that became law on Dec. 17. Only three specific categories of taxpayers are affected by this:
  • Taxpayers claiming itemized deductions on Schedule A
  • Taxpayers claiming the Higher Education Tuition and Fees Deduction
  • Taxpayers claiming the Educator Expense Deduction
The IRS will announce a specific date in the near future when it can start processing tax returns impacted by the late tax law changes.

Education Tax Credits

As the April 15th Tax Deadline fast approaches don’t forget about the American Opportunity Credit. This credit which was part of the American Recovery and Reinvestment Act modifies existing education credits and makes them available to a broader range of taxpayers. It also adds required course materials to the list of qualifying expenses and allows the credit to be claimed for four post-secondary education years instead of two. Many of those eligible will qualify for the maximum annual credit of $2,500 per student. For more information visit IRS.gov.

Tax Time Tips from H & R Block

Working on your tax returns? Don't submit your return until you attend this free program on February 11, 7:00-8:30PM offered through a partnership with H & R Block. Learn how unemployment benefits, health insurance subsidies, first-time home buyer credit, new vehicle purchase and home improvements can impact your tax return. Make sure you are claiming all the right things and getting the full benefit of the American Re-Investment and Recovery Act. No registration required. There will be a question and answer session following the program.

2009 Michigan Tax Forms Have Arrived!!

In the past couple weeks, dozens (if not hundreds) of patrons have called or visited the library asking about the 2009 Michigan tax forms: Well, your wait is over!! Find supplies of all of the most common Michigan 2009 tax forms and instruction booklets (including MI-1040 and MI-1040CR-7, better known as the Home Heating Credit Claim) on the large work table inside our Copy Center. These are in addition to the 2009 Federal tax forms and instructions, which have been in stock for the past few weeks. For the less common tax forms, you'll find binders containing all reproducible 2009 Michigan and Federal tax forms (photocopy charges apply to these reproducibles) in the Copy Center, which also has a computer work station featuring direct links to Federal, Michigan, Other States' and City of Detroit tax form websites.

Deduct Donations to Haiti on Your 2009 Tax Return

The United States Congress has approved a bill that will allow taxpayers to deduct recent contributions to the Haiti relief effort on their 2009 tax returns. To qualify the donation must be monetary and be made to a qualifying charity assisting in Haiti. For more details on how you can help visit the USAID website.

Avoid An Unpleasant Surprise in January

Millions of taxpayers started taking home more money in their paychecks this past April thanks to the Making Work Pay Tax Credit. However, changes to the IRS withholding tables cannot take into account single workers with multiple jobs or dual-income married couples for example. All these changes could mean a smaller refund or larger balance due next year. Now is the time to review and adjust your W-4 and ensure that you are withholding the correct amount. This IRS Withholding Calculator can help you avoid an unpleasant surprise come tax time.

American Recovery and Reinvestment Act & You

The Canton Public Library and H&R Block have partnered to present a program on April 5 at 1 p.m. to help residents learn how the act affects them and how to prepare to claim these tax credits on their income tax form. Phyllis Wood, H&R Block Tax Specialist, will tell you how to plan for and document tax credits, what information you’ll need for your tax return and some of the differences between this year and last year’s allowances.

Where's My Refund

Did you know you can check the status of your federal income tax refund online?  Simpy visit Where's My Refund and you can track your refund through this secure Web site.  Be sure to have a copy of tax returns handy so that you can enter all the relevant information!

Putting some extra money in your wallet

Much has been said about what the new American Recovery and Reinvestment Act means to individuals.  The Internal Revenue Service outlines some of the tax-related provisions of the new program and answers common questions in a recent news release.

2008 Tax Forms

You'll find the most common federal and State of Michigan tax forms in our Copy Center, along with access to computers to print out any other tax forms we don't have available, through April 15.