Joan's Corner - December 2024 Newsletter
Good morning-- The December ..keeping you informed Newsletter is included in this email. Also included are Happenings in and around Maricopa. This is just a ...
Joan Koczor
Any information or articles related to taxes.
These programs and services are provided thanks to your generous contributions:
The Transportation Assistance program and other resources for Pinal County Residents. The Transportation Assistance Program provides car repairs and bicycles so Pinal County residents can have adequate transportation to get to work.
Check this website for available programs and services.
Documents You Need for Free Help from AARP Tax-Aide -
AARP Foundation Tax-Aide will get your tax returns filled out and filed — all for free.
"The program, aimed at taxpayers 50 and older, is free and doesn’t require AARP membership. You’ll get assistance from volunteers certified by the Internal Revenue Service. You can even get your tax return sent electronically for free, which will speed your refund. To get help with preparing your tax return from an IRS-certified volunteer, book an appointment using the Site Locator. But you can’t just walk in empty-handed or — even worse — with a shoebox full of receipts. Here’s what you will need:"
Check out this AARP article: AARP Foundation Tax-Aide Important Tax Prep Documents
The IRS mission is to provide America's taxpayers top quality service by helping them understand and meet their tax responsibilities and to enforce the law with integrity and fairness to all.
This is the home page for the Internal Revenue Service. Information on all the functions and services of the IRS can be found starting here.
"SENIOR PROPERTY VALUATION PROTECTION INFORMATION"
"The Senior Property Valuation Protection Option (Senior Freeze) is available to residential homeowners, 65 years of age or older, who meet specific guidelines based on income, ownership, and residency (Arizona Constitution, Article 9, Section 18.) Please be aware, that the program will freeze the Limited Property Value of your property for three years, regardless if future property values increase or decrease."
The Senior Freeze locks your home valuation for three years. It does not freeze your taxes, but it can help by preventing value increases from further increasing your taxes.
The application period is from March 1st to September 1st of each year.
For other available exemptions, please visit pinal.gov/Exemptions
All property in Arizona is subject to property taxation, unless specifically exempted under the laws of the United States or under the provisions of the Arizona Constitution and related statutes. This publication provides a brief overview of the individual and organizational property tax exemptions that are available in Arizona.
The property of the following Arizona residents may be exempt from property taxation up to a certain dollar amount, which is adjusted annually to account for inflation: ● Person with a total and permanent disability ● Widow or Widower ● Honorably discharged veteran with a service or nonservice connected disability
The “Senior Freeze” program, officially known as the Property Valuation Protection Option, allows taxpayers who are qualified by age and income to have the assessed value of their primary residence fixed (i.e., “frozen”) for a renewable period of three years.
Use the link below to access more information.
The IRS's Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) programs offer free basic tax return preparation to qualified individuals.
While the IRS manages the VITA and TCE programs, the VITA/TCE sites are operated by IRS partners and staffed by volunteers who want to make a difference in their communities. The IRS-certified volunteers who provide tax counseling are often retired individuals associated with non-profit organizations that receive grants from the IRS.
VITA/TCE services are not only free, they are also a reliable and trusted source for preparing tax returns.
All VITA/TCE volunteers who prepare returns must take and pass tax law training that meets or exceeds IRS standards. This training includes maintaining the privacy and confidentiality of all taxpayer information. In addition to requiring volunteers to certify their knowledge of the tax laws, the IRS requires a quality review check for every return prepared at a VITA/TCE site prior to filing.
Each filing season, tens of thousands of dedicated VITA/TCE volunteers prepare millions of federal and state returns. They also assist taxpayers with the preparation of thousands of Facilitated Self-Assistance returns.
The VITA program has operated for over 50 years. VITA sites offer free tax help to people who need assistance in preparing their own tax returns, including:
. People who generally make $60,000 or less
. Persons with disabilities; and
. Limited English-speaking taxpayers
In addition to VITA, the TCE program offers free tax help, particularly for those who are 60 years of age and older, specializing in questions about pensions and retirement-related issues unique to seniors.
This site is owned and managed by Ron Smith