With the deadline for filing federal taxes now just over two weeks away a spokesperson for the Internal Revenue Service says many people aren’t taking advantage of all the help and breaks available. IRS electronic tax administration director, Bert Dumars, says many people aren’t signing up for the telephone tax refund.
Dumars says it’s a one-time refund from a court case on a tax going back to the Spanish-American War. Dumars says individuals can get up to a $60 refund, and businesses might be eligible for more. Dumars says 98 to 99 percent of tax filers are eligible for the refund, but thus far only 70-percent have applied. He says there are also a couple of free services to help you with your taxes.
He says "IRS free file" is available through http://www.irs.gov%20 on the internet for people with adjusted gross incomes of 52-thousand dollars or less. And there are also volunteer sites for tax help. You can call: 800-829-1040 to find the one closest to your home, and that’s for people with adjusted gross incomes of 39-thousand dollars or less. Dumars says 935,000 Iowans qualify for free filing and 207-thousand qualify for the help sites, while last year only 39,000 took advantage of the free file and 59,000 used the help sites.
Dumars says the Earned Income Tax Credit is another one that is overlooked.Dumars says that credit is for people with incomes of 39-thousand dollars or less and last year 20 to 25-percent of Iowans failed to take advantage of the EIC. The federal tax filing deadline is April 17th.