Trained volunteers from the AARP Foundatio n Tax-Aide Program provide free tax preparation assistance for low-to-mode rate income Montgomery County taxpayers from February 3 - April 15\, 2024.
\nServices are by Appointment only. Scheduling for appointments wil l open on January 29 and can be made online at \;www.taxaidemc.info \;or by calling 240-777-2577 (phone lines open Monday &ndash\; Friday from 9am-4pm).
\ nService is provided at Long Branch Library\, 8800 Garland Ave Silver S pring\, MD 20901.
\nWhat to Bring to Your Appointment:
\n
&bull\; Federal and State return(s) for 2021 and
2022. TaxAide can prepare and amend returns for 2023\, 2022
&\; 20
20
&bull\; Social Security cards for yourself and every individual
on your return
&bull\; Photo I.D. required for all taxpayers.
&bull\; Void check or documentation of bank routing
number and accou
nt number if you want to direct
deposit any refund(s) into your bank
account.
&bull\; All letters or other documentation received from IRS
concerning your 2022 tax return\, issuance of an IRS
Identity P
rotection PIN\, or any other correspondence.
Income<
/strong>
&bull\; W-2 from each employer
&bull\; Unemployment com
pensation statements
&bull\; SSA-1099 Form showing the total Social S
ecurity
benefits paid to you for the year\, or Form RRB-1099\,
T
ier 1 Railroad Retirement benefits
&bull\; 1099 Forms reporting inter
est (1099-INT)\, dividends
(1099-DIV)\, proceeds from sales (1099-B)\
, as well as
documentation showing the original purchase price
o
f your sold assets
&bull\; 1099-R Form if you received a pension\, an
nuity\, or
IRA distribution
&bull\; 1099-MISC Forms\, 1099-K For
ms
&bull\; Information about other forms of income
&bull\; State
or local income tax refunds
Payments
&bull\; All forms and canceled checks indicating federal and
state in
come tax paid (including quarterly estimated
tax payments).
<
strong>Deductions
Most taxpayers have a choice of taking eit
her a
standard deduction or itemizing their deductions.
If you h
ave a substantial amount of deductions\,
you may want to itemize. You
will need to bring the
following information:
&bull\; 1098 Form
showing any home mortgage interest
&bull\; A list of medical/dental
expenses (including doctor
and hospital bills and medical insurance p
remiums)\,
a list of prescription medicines\, costs of assisted
living services\, and bills for home improvements
such as ramps and r
ailings for people with disabilities
&bull\; Summary of contributions
to charity
&bull\; Receipts or canceled checks for all quarterly or<
br />other paid tax
&bull\; Property Tax bills and proof of payment&bull\; Please note: If you itemized last year\, bring all the
in
formation on the deductions listed above this year.
Although the stan
dard deduction has increased
under the new tax law\, it may be advant
ageous to
itemize to minimize both federal and Maryland taxes.
Credits
&bull\; Dependent care provider information
(name\,
employer ID\, or Social Security number)
&bull\; 1098-T
and 1098-E Forms (Tuition and Student
Loan Interest)
&bull\; Alo
ng with 1098-T\, bring Student account statement
for the year&mdash\;
downloaded from the Bursar&rsquo\;s Office