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Medical expenses are one of two parts of the state tax code set to end Jan. 1. The other is a deduction for people who […] Tax relief on medical costs and inheritance ends in 2025 unless New ...
The AARP Foundation Tax-Aide program gives help each year to assist taxpayers with their form preparations, and has resumed the service with the onset of the 2022 tax season. Tax-Aide sites will ...
Take advantage of free IRS tax assistance for those 60 and older or free AARP tax assistance for those 50 and older who have a low or moderate income. For help with your retirement and tax goals ...
Corporations that generate income from activities or sources in New Mexico and that are required to file federal income tax returns as corporations must pay corporate income tax to the state. [14] Corporate income is taxed at the rate of 4.8% for the first $500,000, 6.4% for the next $500,000 (up to total income of $1 million), and 7.6% for ...
The VITA tax returns are prepared by IRS tax law certified volunteers. The volunteers are taught how to use tax software and specific tax law each year. They must pass a tax law exam to receive basic or advanced certification. The passing score is 80%. Certificates expire at the end of the tax year and must be renewed.
Residents of New Mexico -- who have already gotten several tax breaks this year -- will soon get another round of tax rebates as the state prepares to send payments totaling either $250 or $500 to...
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