2018 Tax Season is Here
February 26, 2018
This tax season, I want to remind you again of all resources available for NYC residents to help you successfully complete your taxes and hopefully save money in the process. Most of these resources aim to help and give a much needed tax relief to hard working Americans like you, so make sure to take advantage of them as you complete your taxes.
If you’re having difficulty completing your tax form or don’t even know where to start, many sites throughout New York City (including in the Bronx) are offering once again free help and advice filing taxes to individuals making less than $54,000 a year. Visit http://www.nyc.gov/html/dca/html/TaxMap/index.html to find the preparation sites closest to you by visiting. Remember to bring the following documentation: http://www.irs.gov/Individuals/Checklist-for-Free-Tax-Return-Preparation.
If you earned less than $53,930 in 2017, you may also qualify for the Earned Income Tax Credit (EITC). Depending on your marital status and family size, you can get back as much as $6,318 in tax refunds through this tax credit. You can visit www.irs.gov/eitc to find out if you are eligible. You can further maximize how much money you receive in tax refunds through the Child Tax Credit (CTC), available for people with a qualifying child; and the American Opportunity Tax Credit (AOTC), for qualifying higher education expenses. These credits are important resources that help working families make ends meet and access higher education.
Don’t let these tax breaks pass by. They’re intended to give working families much needed financial relief but every year millions miss out simply because they don’t know about them or that they qualify. For more information about these and other tax credits, please visit http://www.irs.gov/Credits-&-Deductions.
My office staff is also available to answer any questions you might have about our tax system and policies during constituent hours. They can also assist you with IRS disputes by putting you in touch with the right government agency and guiding you through the process. You can visit http://serrano.house.gov/serving-you/help-federal-agency for more information on how to request help in dealing with a federal agency.
This tax season, we want to make sure you're taking advantage of all the tax completion services and relief programs available to help hard working families like yours have more money in their pockets and thrive financially. Don’t miss out on these great opportunities – use local free tax help if you need it, and check if you're eligible for any tax credits today!
The deadline to file your taxes or apply for an extension this year is April 17th. Start compiling and make sure you have all the personal documents that you need ready today!
\Jose E. Serrano