While tax season is over, some people may have questions about their taxes, need help filing their Renter’s Credit, or might want to start planning for next tax season. Below are answers to some common questions.
Are there free tax preparation sites open during the summer?
There are some free tax preparation sites open this summer in Minnesota. Enter your zip code or select your county to find the closest one.
What if I can’t get to a free tax prep site, can I file online?
MyFreeTaxes (www.myfreetaxes.com) provides free, online federal and state tax preparation to individuals and families with household incomes of $62,000 or less in 2015.
What if I only need to file my Renter’s Credit or Homestead Credit Refund?
Renters filing their Renter’s Property Tax Refund, often called the Renter’s Credit, can get assistance at a free tax prep site and can find information about filing online on the Department of Revenue’s website. Homeowners can file online for free using the Minnesota Department of Revenue’s Property Tax Refund Online Filing System. The deadline to claim both property refunds for 2014 is August 15.
How can I start getting organized for next tax season?
Getting organized for the next tax season is important. For example, if a taxpayer had a major life event like change in martial status or birth of a child, the amount of tax withheld from pay should be changed. To do that, file a new Form W-4 with the employer(s). Additionally, parents who pay for educational expenses for their child(ren) in grades K-12 can save their receipts for the K-12 Education Credit and Subtraction. Lastly, as a general rule, keep your tax records for three years in a safe and accessible place.