Wake County Free Tax Prep
A Public Service of the Wake EITC Coalition
Free Income Tax Preparation by Volunteers
- Free preparation of your income tax return
- Free electronic filing of your return
- Free direct deposit of your return into your bank account(s)
- Free printed copy for your records
- Most income tax refunds are deposited in your bank account in 10 days!
2011 Sponsors:
2010 Sponsors:
United Way of the Greater Triangle
EITC-Carolinas a program of MDC, Inc.
2009 Sponsor:
EITC-Carolinas, a program of MDC, Inc.
Our Latest Announcements:
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In response to the current economic situation, the legislature has passed a bill that allows all Americans to receive their first $2,400 of unemployment benefits tax free in the 2009 tax year.
Does this mean that taxes won’t be taken out of my unemployment check?
This depends on the rules decided by your local unemployment office and the preferences you give. In most cases, you decide how much is taken out for both federal and local taxes.
While some opt to have no taxes withheld from their unemployment benefits because they need the money then, remember that if you receive more than $2,400 in unemployment benefits that amount over $2,400 is still subject to regular taxes.
Opting out of having taxes withheld from your benefits check may cause an unwelcome surprise come tax time next year.
What does this new law mean for my state taxes?
Tax law varies by state, so check your state’s revenue website for more information on any steps your state may have taken to make unemployment benefits tax free.
I was receiving unemployment earlier this year, but now I’m in a job. Should I adjust my withholdings?
If you received more than $2,400 unemployment benefits but did not have any tax withheld, plan on oweing more taxes next spring than you are used to. While each person’s tax situation is different, the best thing you can do for yourself is to plan ahead.
Also, if you are receiving employment income from more than one job (or you and your spouse both work), you may have complications from the Making Work Pay Credit.
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