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Tip of the Day

Tip of the Day Put At Least 20% Down On A Home

Put At Least 20% Down On A Home - Your home is most likely the biggest purchase you will make in your lifetime, so when planning for the big day,...

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Free Tax Help

If you need free tax help, you can look on the IRS website for guidance. Sometimes there will be free tax clinics in your area for seniors or low-income earners. There are many tax software programs available online that are free to use for low-income earners.

The IRS website features the free tax programs approved by the revenue service. You may wonder which program is best for you. You should consider the features offered by each program, to see which ones are important to you.

Some programs are more user friendly than other software products. Some catch errors more frequently, while others may offer more tips and advice. Some software programs seem to work very slowly on your computer. Others may speed you through the whole process in very little time. Constant offers to upgrade to a more deluxe program can be among the drawbacks of some free tax programs. This can slow down the process, and be irritating.

You will have to ensure you qualify to use the program. Free tax help availability depends on your income level and your tax situation. If you have declared bankruptcy in the tax year you are filing for, then you may not be eligible. If you are filing a return for some one who has passed away in the previous year, you will have to find an alternative. People with capital gains or losses may also need to use another form to file their income tax return.

Often charitable groups will offer free tax help for people in the community. Check online, or with your local federal government office, to find out if you are eligible free tax help.

Do not let cost, or complicated forms keep you from filing your return. The law requires you to file a return once you earn a certain level of income. People who make less than that may also want to file a return. You could receive a refund for tax credits. Make sure your file your return on time, so you can use any money coming to you. Otherwise, you are letting the government use your money free. If you owe money, you will be subject to interest and late filing fees if you do not file your return on time.

Discuss It!

Stacy said:

I need step by step directions on what I need to do with a 1099-A I received. I figure the loss and then what ... where does it go. Someone help!!

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Definition of the Day Law of One Price

Law of One Price - The law of one price relates to the theory that any commodity, asset or security will have the same price in more than one exchange. Should the price differ in anyway, then by what are called arbitrage opportunities an equality will be achieved. Essentially the...

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