EAU CLAIRE, Wis. (WEAU) – It’s your ticket to a big check from Uncle Sam, or for some it’s payback time to the IRS. Your W-2 should be in the mail soon and in 2014, there are plenty of different ways for taxpayers to file their taxes.
“I just got my W-2 in the mail. I may have to do it in the next week or two, I might need to get started on that,” said student at Chippewa Valley Technical College, Nathan Hakes.
Hakes and millions of Americans will be able to file their taxes now, but due to last year's government shutdown, the IRS delayed the tax filing season by ten days.
“You can still prepare you return and send it, it'll just be held until January 31st timeframe,” said Casper Haas, a tax manager at InCity Tax Service in downtown Eau Claire.
That means the IRS won’t begin processing tax preparations sent in until the end of the month. The April 15th deadline is still in place
Haas knows all about filing taxes because he thinks about it 365 days a year as a tax manager.
“Tax preparation can be stressful and we're in the business of preparing tax returns. This is what we do, this is what we live for, this is what we study for,” said Haas who said people have begun bringing in their taxes for him to help prepare.
He said a professional preparer is something to consider, especially if you're dealing with more than just a W-2.
“(If they have) two income households, they own a home, they have dependents, so they more than likely would itemize deductions, so Schedule A.,” said Haas. “We work with small businesses as well as LLCs, sole proprietors; we can do those returns as well.”
If you feel comfortable doing your own taxes, technology can help you do just that. New this year are tax preparation apps that can be downloaded on a mobile device. H&R Block came out with a Tax Preparation 2013 app and so did TurboTax with its new app called SnapTax.
SnapTax is as simple as snapping a picture of your W-2 on your smartphone and it will put all the information into the app program, calculating your federal and state returns.
Some people turn to software, like TaxACT and Intuit TurboTax.
“I now use TurboTax online,” said Hakes. “It’s so much faster and I can answer everything myself.”
Hakes said his mother taught him how to file his own taxes.
“I tried going through H&R Block but I think through TurboTax, I was able to find the deductions I knew. Now online works for me, it's simple,” he said.
The IRS lets you file your taxes for free if your income is below $58,000. A free tax prep software is offered online at the IRS.gov website. For income above $58,000, it offers free file fillable forms which will be available on January 31, 2014.
And if you're low income and want something free, CVTC is offering VITA, the Voluntary Income Tax Assistance program.
“We have students who are very, very eager to help out and it's great experience for them as well because gives them that real life feel and real interaction,” said accounting instructor Jason Szymanski.
He said it’s a chance for people who can’t afford professional help to get their taxes prepared by a trained and certified volunteer. Volunteers can help with services that are not too complicated, like income tax credit, child care tax credits, unemployment compensation and Wisconsin homestead tax credit.
CVTC said the VITA service is offered Thursdays Feb. 6 through April 10 in room 240 of the Business Education Center, 620 W. Clairemont Ave., Eau Claire. The service is provided on a first-come-first-served basis, with sign-up beginning at noon and tax preparation from 1-4:30 p.m. each day.
Other locations are offering the VITA service:
RCU Shopko South Office, 1049 W. Clairemont Avenue in Eau Claire
February 3 until April 10
Tuesdays and Wednesdays from 1:00 to 4:30pm
Western Dairyland, 418 Wisconsin Street
Mondays from 1:00-4:30pm
City of Altoona-Community Room, 1303 Lynn Avenue
Thursdays from 1:00-4:30pm
Link to get free tax prep help at other locations provided on this page.