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NOTABLE

Disabled Veteran? Some lower-income Veterans or families who receive VA disability compensation, as their sole income will have to file a tax return in order to get their stimulus checks under the CARE ACT.

Direct Links here to file, free…

You are not required to file a tax return if your income falls under a specific limit, or if you only have non-taxable income, such as Social Security Disability (SSDI), Supplemental Security Income (SSI), VA disability compensation, dependency and indemnity compensation (DIC), or similar benefits.

If your only income is from Social Security benefits, or a combination of Social Security benefits and VA disability compensation, you are covered. The IRS has announced it will automatically send stimulus checks to those who receive Social Security benefits.

However, if you don't file a tax return because your income is too low and you don't receive Social Security benefits, you will need to file a tax return in order to receive the stimulus check.

This is a common situation for some lower-income individuals who receive VA disability compensation.

If this describes you, you will need to file a tax return this year in order to receive a stimulus check, even if your income level doesn't "require" you to file one. This is the only way the IRS will be able to determine whether you qualify for a stimulus check. If you do not file a tax return, you will most likely not receive a check.

How to File Your Tax Return

The IRS offers the Free File program for all taxpayers who have an AGI of $69,000 or less. You can do this directly through the IRS website, or with one of its approved Free File organizations. Most of the major tax software companies offer Free File.

The IRS pushed back the tax-filing deadline. Tax returns are normally due by April 15 each year. However, due to the disruptions in the economy, the IRS pushed back the tax deadline to July 15, 2020.

That said, the sooner you file your tax return, the sooner you will be eligible to receive the stimulus check. And while you're at it, include your direct deposit information. You will receive your stimulus check much more quickly via direct deposit than a physical check (up to several months sooner).

https://www.military.com/daily-news/2020/04/03/some-veterans-may-need-take-extra-step-get-their-stimulus-check.html?fbclid=IwAR1im4THdRN2bTxWyVre8Sur4Sy3pp-guof5nT56-Dz3MZOf08vbeMDJ_Qg

Free File: Do Your Federal Taxes for Free

https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free?fbclid=IwAR1OxIqL6g_F6j_Ps802N6Q5WWYLYc2enzZjpy62UHaXSqr6h6qsl7Wbn3k

Top 15 online tax return filers, low income can file free…if meet specific guidelines.

We’ve taken the time to find the top 15 tax software products on the market, outlining their key features to help you pick the right one.

Our Top 15 Best Tax Software Programs

TurboTax

Many individuals and businesses view TurboTax as the best tax software there is.

This software doesn’t only outperform its competitors when it comes to user-friendliness, but also in the number of features that it has to offer.

Firstly, it lets you import returns from previous years and autofill your information to save time.

You can also import your W-2 or upload a picture of your W-2 and 1099 form, and as you enter your information, the software will notify you if you qualify for any credits or deductions.

TurboTax’s tools also help you find errors in your return. After you’ve completed each section, a screen will appear that tells you to make a correction before moving on to the next step.

There are several TurboTax packages to choose from, including Absolute Zero, Deluxe, Premier, Self-Employed, and the pricy TurboTax Live. Absolute Zero is free and suitable for simple filers, and there is even a TurboTax military discount.

If your tax preparation and filing needs are advanced – for example, if you want to itemize or if you are a real estate investor – you will have to upgrade to the Deluxe or Premier versions.

File your taxes with TurboTax >>

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