2015 tax return changes you need to know

That’s a day earlier than a year ago.

Another change is security for some online tax return outlets.

All taxpayers regardless of income will again have access to free online fillable forms, which provide electronic versions of IRS paper forms to complete and file.

You should fill out the form and have it with you as you are filing your taxes. TurboTax, the largest online tax filing service, will now alert users if a second account has been created with their Social Security number, giving taxpayers a heads up that someone else may be attempting to file in their name. Tax time can be stressful, but Free File makes step-by-step help accessible to everyone making $62,000 or less.

The IRS on its website offers free tax help options.

According to IRS spokesman Raphael Tulino, millions of past participants have saved almost $1.4 billion by taking advantage of the software.

The IRS said they do not expect these extra security measures to delay the processing of federal refunds.

Military personnel, including members of the Guard and Reserves, are also eligible for free tax preparation through Military One Source. Libraries and post offices offer free tax forms to taxpayers.

Free File can also assist taxpayers with the new health care requirements, the IRS said.

People won’t usually realize they are victims until after they get a notice from the IRS or the state saying something went wrong with their tax return.

“I also have an important message for people who received advance payments of the premium tax credit in 2015”. Many people forget to deduct taxes that they might pay on real estate.

“Probably the biggest thing from an individual perspective, in there, is probably the number of deductions that most people are unaware of when filing their tax returns that they may or may not be eligible for”, she says.

IRS Commissioner John Koskinen is alerting taxpayers that the IRS likely will be turning more to private debt collectors.

This year’s tax deadline is Monday, April 18.

Think about accessibility. Many tax preparation services only set up shop for the months leading up to April 15.

The IRS reports four out five returns are expected to be filed electronically. Direct deposit is fast, safe and easy.

The IRS anticipates issuing 90 percent of refunds in less than 21 days.

Taxpayers must prepare their return by April 18.

2015 tax return changes you need to know

 

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