Consumer Blog
Tax help for low-income Missourians
With April 15 right around the corner, here are some services and programs available from the IRS that may be helpful to low-income consumers:
- Low Income Taxpayer Clinics (LITCs) - these groups represent low-income taxpayers in disputes with the IRS like audits and collections. They are partially funded by the IRS, but are not federal agencies. Interestingly, there is one in Springfield and Kansas City, but not St. Louis. LITCs can also assist non-English speakers.
- Free tax preparation - the Volunteer Income Tax Assistance program (VITA) will help low-income consumers fill out their tax forms and wade through the confusing forms, rules, deductions, etc.
- Earned Income Tax Credit - you may get a credit on your 2006 taxes depending on your income, number of children and some other circumstances. Now, I'm the farthest thing from a CPA, but if I read the chart right it appears you can get up to $1600 in tax credits. And remember, a tax credit is better than a deduction, because it subtracts directly from the amount you owe the IRS.
FYI, you may need VITA before EITC or LITC. IRS SOS? -TF
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Posted by on April 6, 2007 4:19 pm :: Comments (0) :: Permalink
