Tax Changes That Could Save You Money - WTVM.com-Columbus, GA News Weather & Sports

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Tax Changes That Could Save You Money

By Zaneta Lowe  - bio | email 

COLUMBUS, GA (WTVM) - From a different filing deadline to the fact that taxes are going high tech and on your smart phone, there are a lot of changes taxpayers need to know about this year.

Mark your calendars, this year's filing deadline has been extended to April 18th because of a holiday.

On a similar note, taxpayers who itemize on a Schedule A will have to wait until mid February to file.

IRS officials say last minute tax law changes by Congress, meant they had to upgrade software and push back some filing dates.

"Within the next two weeks here, we will begin processing those returns, taxpayers can go ahead and prepare their return, we'll be accepting them on the 14th," says IRS Spokesperson Mark Green.

There are also some tax breaks that got extended, which could lead to more money in your pocket.

For example, a deduction for teachers of up to $250.  Plus, parents and students paying college tuition and fees can get some of that back.

"You can get anywhere up to $4,000," says Green.

On the flip side, homeowners who took advantage of the homebuyer tax credit have to start paying it back.

"We did sent out notices to those individuals who received first time homebuyer tax credits, alerting them to the fact that now's the time to begin paying that back,"explains Green.

For the tech savvy, there are some new apps that could be useful with taxes.

Turbo Tax has one called Snap Tax.  Users take a picture of their W2 to upload to the program.

Even the IRS is getting into the game. It's launched the IRS2GO app.

You can check the status of a refund and get general updates.

 The IRS office in Columbus will be open for free filing help this Saturday from 9:00 a.m.-2:00 $49,000 or less is eligible for free assistance.

There's also free file for anyone with $58,000 or less in adjusted gross income.

Plus, there's no income limit on what's called free fileable forms.  Click here for more details.

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