Free tax preparation assistance will be av ailable February 5 &ndash\; April 15\, 2024 for low-to-moderate income Mon tgomery County taxpayers. Trained volunteers through the AARP Foundation T ax-Aide Program will provide services at (enter your location/branch). Ser vices are by appointment only\; scheduling for tax appointments will 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).
\nQuestions about this program? \;Contact the branch 240-7 77-0110
\nWHAT TO BRING TO YOUR APPOINTMENT
\nGeneral
â— Federal and State return(s) for 202
0 and 2021. Tax-Aide can prepare and amend returns for 2022\, 2021 &\;
2019
â— Social Security cards for yourself and every individual
on your return
â— Photo I.D. required for all taxpayers.
â
— Void check or documentation of bank routing number and account numbe
r if you want to direct deposit any refund(s)into your bank account.
â— All letters or other documentation received from IRS concerning yo
ur 2020 tax return\, issuance of an IRS Identity Protection PIN\, or any o
ther correspondence.
Income
â— W-2 from
each employer
â— Unemployment compensation statements
â
— SSA-1099 Form showing the total Social Security benefits paid to you
for the year\, or Form RRB-1099\, Tier 1Railroad Retirement benefits
â— 1099 Forms reporting interest (1099-INT)\, dividends (1099-DIV)\,
proceeds from sales (1099-B)\, as well as documentation showing the origi
nal purchase price of your sold assets
â— 1099-R Form if you rec
eived a pension\, annuity\, or IRA distribution
â— 1099-MISC For
ms\, 1099-K Forms
â— Information about other forms of income
â— State or local income tax refunds
Payments
â— All forms and canceled checks indicating federal and stat
e income tax paid (including quarterly estimated tax payments)
Most taxpayers have a choice of taking eithe
r a standard deduction or itemizing their deductions. If you have a substa
ntial amount of deductions\, you may want to itemize. You will need to bri
ng the following information:
â— 1098 Form showing any home mort
gage interest
â— A list of medical/dental expenses (including do
ctor and hospital bills and medical insurance premiums)\, a list of prescr
iption medicines\, costs of assisted living services\, and bills for home
improvements such as ramps and railings for people with disabilities
â— Summary of contributions to charity
â— Receipts or cance
led checks for all quarterly or other paid tax
â— Property Tax b
ills and proof of payment
â— Please note: If you itemized last y
ear\, bring all the information on the deductions listed above this year.
Although the standard deduction has increased under the new tax law\, it m
ay be advantageous to itemize to minimize both federal
and Maryland t
axes.
Health Insurance
â— 1095A Forms i
f you purchased insurance through the Marketplace (Exchange) Credits
â— Dependent care provider information (name\, employer ID\, or Socia
l Security number)
â— 1098-T and 1098-E Forms (Tuition and Stude
nt Loan Interest)
â— Along with 1098-T\, bring Student account s
tatement for the year - downloaded from the Bursar's Office
Accommodation Requests
\nPeople who are Deaf or Hard of Hearing should request \;English-language captio ning or sign-language interpretation \;at least five days before the library-sponsored program they plan to attend. Contact the Ass istant Facilities and Accessibility Program Manager at 240-777-0002 with a ll other accommodation requests.
\ncm 1.1 01/03/2023
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