The IRS extended the deadline to file 2019 taxes, providing Americans even more time to get their financials in order. Veterans can take advantage of this extension by reviewing the resources and benefits provided by the Internal Revenue Service (IRS).
These benefits include tax preparation help, filing services and even a tax credit. Taking advantage of these helpful tips may help veterans secure their tax returns quickly.
Tax tips and resources for service members
Active duty and reserve members of the Army, Navy, Air Force, Marine Corps, and Coast Guard have access to the following tax programs from the IRS:
- IRS Free File: In partnership with nine different tax filing companies, the IRS provides this free tax filing service to any U.S. citizen earning under $69,000 per year. Qualifying members of the military and their families may work with their choice of the participating companies.
- Military OneSource: Provided by the Department of Defense, OneSource offers military members, veterans and their families a wide range of free services. Benefits include free online tax filing and other helpful information and programs including education, finances, health & wellness, and more.
- Volunteer tax-preparation: Last year, IRS-certified volunteers helped file over 100,000 tax returns. The Volunteer Income Tax Assistance and Tax Counseling for the Elderly programs have helped Americans file taxes for over 50 years from over 11,000 sites across the country.
- Special filing rules: The IRS grants active-duty members of the military more time to finish their tax returns. The IRS can make special exceptions for spouses filing from home. The IRS regularly makes other individualized exceptions too.
- Earned income tax credit: Members of the military may be eligible for different tax credits, including the Earned Income Tax Credit. This credit may provide a refund of up to $6,557 for taxpayers.
Seek legal counsel for answers
Any members of the military curious about available tax filing benefits can contact a local lawyer who works with veterans. An attorney can provide answers to questions and help veterans locate additional benefits they can collect.