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IRS VITA site. The Volunteer Income Tax Assistance (VITA) grant program is an Internal Revenue Service (IRS) initiative in the United States that supports free tax preparation service for the underserved through various partner organizations. VITA service helps low- to moderate-income individuals, persons with disabilities, the elderly, and ...
While Texas has not only high property taxes but a hefty sales and use tax. New Hampshire doesn’t tax personal income, but it does have a 4% tax on dividends and interest with a total gross from ...
In the United States, individuals and corporations pay a tax on the net total of all their capital gains. The tax rate depends on both the investor's tax bracket and the amount of time the investment was held. Short-term capital gains are taxed at the investor's ordinary income tax rate and are defined as investments held for a year or less ...
In addition to making a significant contribution to the lives of others, participants receive pre-service and monthly training, transportation reimbursement, an annual physical, and meals and accident and liability insurance while on duty. Income-eligible Senior Companions also receive a modest, tax-free stipend to offset the cost of volunteering.
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Whether you're a retiree or someone helping a senior family member or friend with taxes, here are 10 tax tips to help ease you through the tax season and maximize your deductions: Show comments ...
The so-called golden years can be financially challenging, but state and federal tax breaks can provide some silver linings. Find out what's available. 20 Valuable Tax Breaks for Seniors
4. Tax preparation companies’ free services. Several commercial tax-preparation companies offer free, basic online versions of their software. The major benefit with any free tax service is in ...