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Meals on Wheels, Inc
Making a difference in the Lives of our Seniors

Income Tax Help

    

                                  Income  Tax  Help

The Senior Center offers free income tax preparation and help with IRS questions and tax problems all year around.  If you receive a letter from the IRS or need to file an amended return or a previous year, we’re here to help you. Please call the AARP Foundation Taxaide

                                                 928-453-0715

 

                            REMINDERS

Remember your Required Minimum Distribution (RMD).  All taxpayers 70-1/2 years old or older must take their minimum distribution from all retirement accounts – 401(k), IRA, etc. by the end of each calendar year.  More information on RMDs:
https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-required-minimum-distributions-rmds    
  
If your spouse passed away in 2017, you can still file a joint tax return.  But if your spouse passed away in 2016 and you have no dependent children, you must file as a Single person with a significantly higher income tax.  Please consider increased withholding or Estimated Tax payments to cover a greatly increased tax bill.    Life insurance proceeds are generally not taxable, but if you receive a 1099 death benefit (Code 4), that amount is fully taxable.  Please consider increased withholding or Estimated Tax payments to cover this tax obligation.   

 

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