Income Tax Preparation
Appointments website online now. Click on this link to make your appointment
LHCTAX.AS.ME
AARP Free tax preparation at the Senior Center for Seniors and middle to low income taxpayers 8:00 am to 1:30 pm Mondays and Tuesdays starting February 3 through April 14, 2020.
Taxpayers should bring a picture ID and Social Security cards for themselves and any dependents, W-2’s, 1099’s and a copy of 2018 tax return if available. Free electronic filing is provided. Bank routing number and account number required for direct deposit of refund. Tax preparation is available by appointment only. You can easily make appointments online at the appointment website lhctax.as.me (open January 20)
NEWS FLASH Arizona residents can now deduct 25% of their total donations for the year on their state tax returns regardless of whether you take the std deduction or itemize on your federal tax return.
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 2019, you can still file a joint tax return. But if your spouse passed away in 2018 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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