It’s tax season again! No matter who you are, the process of pulling together W-2 forms and completing required paperwork by the April deadline can be a challenge. For some young adults, it will be their first time through the process – especially those who were hired for their first job last year.
Parents and guardians often have questions about what needs to be done, and by when, so that they can guide their loved one to success. Luckily, there are many resources that can help.
The team at the ABLE National Resource Center recently shared the following online resources:
- Publication 509: IRS 2020 Tax Calendar: https://www.irs.gov/publications/p509
- My Free Taxes / no income limit: https://www.unitedway.org/myfreetaxes/nonav/no-nav/myfreetaxes-maintenance
- If you are unable to complete your tax return because of a disability, you may be able to obtain assistance from an IRS office or the Volunteer Income Tax Assistance or Tax Counseling for the Elderly Programs sponsored by IRS: https://www.irs.gov/individuals/more-information-for-people-with-disabilities
- Tax Assistance for Individuals with Disabilities and the Hearing Impaired: https://www.irs.gov/taxtopics/tc102
No matter your circumstances, getting professional consultation about your unique tax situation is the most important step in getting the most out of the tax benefits that could be available for you and your loved one. Taxes can sometimes be confusing and filing them is often a daunting task, but it could be well worth your while to explore the many tax benefits for which you may be eligible.
Good luck with this year’s filing!