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Since the 1970s the program has grown to several thousand sites nationwide, partnering with non-profit organizations, local municipalities, and colleges and universities. In Tax Year 2015, 3.7 million VITA tax returns were filed with a 94% accuracy rate. VITA provides service to taxpayers making less than $58,000 per year.
If you’re a senior in a high tax bracket who doesn’t need your IRA, this can be a particularly powerful strategy, said Peter Ankeny, CFP, founder of Wolf Pine Capital.
Homeowners who are seniors, or those who have disabilities with limited income, might qualify for a property-tax exemption from Pierce County. Online applications open Feb. 1. Online applications ...
Loans issued by private lenders are not eligible for the following programs. Public Service Loan Forgiveness. The first option is the Public Service Loan Forgiveness Program (PSLF). This ...
There are currently 18 different programs that provide property tax relief in the United States. The programs and their eligibility vary by state. The states with these programs limit eligibility in three ways; whether the tax payer is a renter or a homeowner, whether the tax payer is elderly or disabled, and the income level of the tax payer.
The top marginal tax rate on income of 39.6%, provided for under the expiration of the 2001 portion of the Bush tax cuts, was retained. This was an increase from the 2003–2012 rate of 35%. [3] The top marginal tax rate on long-term capital gains of 20%, provided for under the expiration of the 2003 portion of the Bush tax cuts, was retained.
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