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!
Latest Announcements and Search Results:
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Are you anxiously awaiting your income tax refund? The Internal Revenue Service has embraced technology and is now offering an app that allows you to check the status of your refund on your iPhone or Android smartphone.Just go to the iTunes store (or Android Marketplace) to download the free IRS2Go app. It just takes a few seconds to download.
Of course if you took advantage of free income tax preparation and filing through your local VITA or TaxAide partner, you already know when to expect your refund. If you filed by Wednesday, then your direct deposit would be in your bank account the second Friday. A paper check would be mailed the third Friday and would likely arrive a few days later. This schedule is true for the entire tax season.
For more information, visit IRS.gov or search for the IRS2Go app in the iTunes store or Android Marketplace.
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Before coming to a free tax site, make sure you are bringing everything you will need so you only will have to make one trip.
You will need to bring:
An original social security card for everyone that will be on the return (you, your spouse if you’re filing together, and any dependents). If you do not have these, please first apply for new cards at the Social Security Administration. If you are filing separately from your spouse, we will still need your spouse’s social security number.
Photo ID for you and your spouse (if filing together).
All W-2s, 1099s, and any other tax forms you have received (for interest paid or received, tuition paid, or cancelled debt). If you receive social security, please bring the 1099-SSA even if that income is not taxable.
A voided check or bank letter with your routing and account numbers if you anticipate a refund and wish to have it direct deposited.
Child care provider’s name, Tax ID number, and the amount paid if you paid child care expenses that allowed you to work, go to school, or look for work.
A copy of last year’s tax return if available.
If you have all these things in hand, you’re ready to find a free tax preparation site!
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One of the hardest things about filing your taxes is figuring out which filing status fits you: married filing separately, single, head of household… It’s also an easy thing to get wrong, especially when your situation may not be cut and dry.
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While many of us will not be getting our W-2s for another couple of weeks (employers have until the end of the month to distribute them), tax preparation services are already advertising their services.
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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.
Are the first $2,400 of my unemployment benefits tax free in 2010 too?
No. All of your unemployment benefits will be fully taxable.
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Individuals and families who qualify for the First-Time Homebuyer Credit but did not buy their house in time to include it in their 2008 taxes do not need to wait until they file this year’s taxes next spring.
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The Internal Revenue Service has announced that it is increasing the limit for families to qualify for free income tax preparation and filing in 2010 (Tax Year 2009). Whereas the limit was previously $42,000 in 2009, the limit will increase to $49,000 for a household. Read the rest of this entry »
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The Internal Revenue Service is cautioning some taxpayers that they could end up with far less withheld during 2009 than their tax liability suggests. This is due to the $400 reduction in normal withholding by employers for tax year 2009. Read the rest of this entry »
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The American Recovery and Reinvestment Act was signed into law on February 17, 2009. Although many of the components may or may not directly affect many of us, there is one component that likely will. Read the rest of this entry »
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If you do not want to take advantage of free volunteer tax sites, you may still be able to file your taxes for free. Several online software programs do actually provide free income tax preparation of your federal return.
There are some potential charges that you should be aware of: Read the rest of this entry »