Those in Marshall County who utilize MyFreeTaxes can file state and federal taxes this year with added security.
Officials with the United Way of Marshall County announce the addition of encryption technology, several layers of authentication and a secure connection to safeguard sensitive information and protect against unauthorized access when utilizing MyFreeTaxes.
Federal and state income taxes are due today. Michelle Bachtel from H&R Block says you need to file an extension if you can’t finish your return. Doing so gives you six additional months to file but does not defer payments due. If you owe, pay as much as you can. Otherwise you will be assessed interest and penalties from April 15th. Continue reading
Federal and state income tax returns need to be filed tomorrow. Michelle Bachtel with H&R Block says you have options if you owe and are not able to pay. She adds the most important thing is not to panic
“If you can’t pay the full amount by April 15, just pay what as much as you can,” Bachtel said. “Even though interest will accrue on the amount owed, you’re not going to be arrested, and they’re not going to come knock on your door and seize your home.” Continue reading
Federal and state income taxes are due Wednesday. Michelle Bachtel from H&R Block in Knox says taxpayers can either take the standard deduction or itemize, depending on which will be most advantageous for their personal situation.
For individuals who are filing single or married filing separate, the standard deduction is $6,200. For a married filing joint couple or a qualifying widower with a dependent child, that amount is doubled to $12,400. And for a person filing head of household the amount is $9,100.
Bachtel encourages taxpayers to study their options carefully. Continue reading
Double check your federal tax return for any missed deductions and credits before you file it. Michelle Bachtel with H&R Block in Knox says deductions decrease your taxable income, which lowers the amount of money you owe. She says the IRS estimated last year over 4 million people failed to claim tax deductions to which they were entitled last year. Continue reading
If you haven’t filed your taxes yet, time is running out. Federal and state income taxes are both due Wednesday, April 15. Michelle Bachtel from H&R Block in Knox says you need to have personal information for everyone on your return handy before you start. This includes Social Security numbers, birth dates and full legal names as registered with the Social Security Administration. You will also need documentation of all of your income from wages, tips, savings, investments, retirement, rental property, self-employment or farming. Continue reading
Federal and state income taxes are due in eight days. Michelle Bachtel from H&R Block in Knox says it’s important not to exclude any sources of income.
“Pretty much all income, whether it’s reported or not reported, is taxable unless the law specifically excludes it,” Bachtel said. “This includes non-cash income from things like bartering or exchanging of assets. Both parties are expected to include the fair market value of the item or services they received as income on their tax returns.” Continue reading
Federal and state income taxes are due April 15. Michelle Bachtel with the H&R Block office in Knox says anyone whose income exceeds the filing threshold set by the IRS needs to file a tax return. Thresholds are based on your age and filing status, which is either single, married filing joint, married filing separate, head of household or qualifying widower.
Income requirements vary, but Bachtel offers a general guideline. Continue reading
