An annual tax return can become complicated for veterans suffering from a disabling condition and receiving disability benefits from the Department of Veterans Affairs (VA) or Social Security. There may also be many exemptions that veterans can take advantage of, which is why working with a tax professional to file taxes is an important step toward getting a maximum refund.
One of the benefits of being a U.S. military veteran is that there are many organizations offering special low-cost or free services to former military members and their families. The IRS runs two such programs designed to meet the needs of people who earned less than $53,000 and the elderly. The two programs are called the Volunteer Income Tax Assistance program (VITA) and the Tax Counseling for the Elderly (TCE). To find a location near you, visit the IRS’ free tax prep website at http://irs.treasury.gov/freetaxprep/.
Additionally, MyFreeTaxes is a free Internet-based tax preparation and filing assistance program that’s available nationwide. Qualified veterans, active-duty servicemembers, military families, and many other qualifying taxpayers can file federal and state tax returns if their income was less than $60,000. To learn more about the program, visit www.myfreetaxes.com.
If you are familiar with any of the popular home tax preparation software platforms, http://irs.gov/freefile has a variety of the latest tax software programs at no cost to certain veterans and military members.
If you require further assistance with your tax preparation for 2014, your local community center may have special free tax preparation or information days. Check with your local government to find out about any help programs near you.
If you have yet to secure your VA disability benefits for your service-connected disability, contact Veterans Help Group® for help filing or appealing a disability claim. Call today – 1-855-855-8992.