BOARDMAN, Ohio (WKBN) – It’s time to start filing taxes, but before heading to your accountant, there may be a way you can get them done for free.
If you’re ready to file your taxes, you’ll need a prior year tax return and all sources of income.
“Job or self-employment. Whether it’s from retirement or gambling winnings, whatever source of income, we need all that,” said Andrew Reigstad from Tax 29 in Boardman. “Then of course, we need the deductions, mortgage interest if they own a house, property tax.”
If your family income is less than $54,000 a year, you can get your taxes done for free at a Voluntary Income Tax Assistance (VITA) site.Search for VITA sites in your area.
“They will sit down and do your taxes for free, and let you know if you’re eligible for the earned income tax credit,” Sen. Sherrod Brown said.
“Many overlooked credits are things like daycare for children, also the education credit, if they’re students in college. There are some very good credits for higher education,” Reigstad said.
If you make less than $40,000, you can get even more money back through the earned income tax credit.
“People with full time jobs and families, 20 percent of them are not applying for it and if they do, they will find out that they’re going to get an extra two or three thousand dollars back on their taxes,” Brown said.
He says there are hundreds of thousands of Ohioans that could claim the earned income tax credit, but haven’t.
“If they didn’t claim it last year and they were eligible, they can also claim a past year.”
The deadline to file taxes is April 18th.