CALL OR TEXT US (623) 232-0693
CALL OR TEXT US (623) 232-0693
UPDATE INFORMATION
The Treasury Department and the Internal Revenue Service are providing special tax filing and payment relief to individuals and businesses in response to the COVID-19 Outbreak. The filing deadline for tax returns has been extended from April 15 to July 15, 2020. The IRS urges taxpayers who are owed a refund to file as quickly as possible. For those who can't file by the July 15, 2020 deadline, the IRS reminds individual taxpayers that everyone is eligible to request an extension to file their return.
Use the "Get My Payment" application to:
Check the link below to check the status of your Stimulus Payment
Click in this Link for more details on the different types of loans available.
* Social Security numbers for yourself, your spouse, and any dependents.
• Forms W-2 from all employers are required for yourself and your spouse.
• Forms 1099 for Dividends, Retirement, or other income, or any Forms 1099 with Income Tax Withholding.
• Proof of Health Insurance.
• Receipts for expenses for Itemized Deductions (Schedule A).
• Receipts and records for other income or expenses.
• Bank Account numbers (for a fast refund, or to pay electronically).
• Prior year Adjusted Gross Income amount or prior year PIN if using a Self-Select PIN as your signature.
With tax reform enacted at the end of 2017 there have been questions around the requirements to have health care coverage. Changes to health care as a result of the new tax law do not begin until 2019. Beginning in 2019 taxpayers will no longer be required to pay a tax penalty for not having health insurance. Individuals with income over the federal poverty level are still required to have 2018 health care coverage or they may be subject to a tax penalty when they file their 2018 taxes. All of the exemptions (based on income, religious beliefs, and citizenship) are still in place.
Your significant other is probably many things to you—but is he or she also a tax deduction? The question of who you can claim as a dependent has confused taxpayers for years.
The short answer: You can claim a “qualifying child” or “qualifying relative” if they meet specific requirements related to residence, relationship to you, age, financial support provided and income. So, yes, you may be able to claim a girlfriend, boyfriend, domestic partner or friend as a qualifying relative in some cases. Claiming dependents can also make you eligible for other tax benefits like the New Other Dependent Credit and the Earned Income Tax Credit (EITC).
You may be able to take New Other Dependent Credit worth $500 if: