Taxes

It’s that time of year. While no one at the library can give you any advice on how to fill out your forms or which forms to use, we can direct you to information about taxes, and services to help you fill out your forms.

Forms

Federal income tax forms and instructions are available from the IRS website. If you have trouble navigating the IRS website, you can also go to Google and type in: site:www.irs.gov followed by the number of the form and the year for which you are filing. For example, say I want to find 1040A for the year 2007; I would type:
site:www.irs.gov 1040A 2007
and click the search button.

For individual income tax forms and instructions for North Carolina, go to the North Carolina Department of Revenue’s website.

You can also come into the Durham County Main Library at 300 N. Roxboro Rd. in downtown Durham to pick up paper copies of the most common federal and state income tax forms.

Rebate

You’re eligible to receive an economic stimulus payment in May if you have a valid Social Security Number (SSN), can’t be claimed as a dependent on a tax return and have either an income tax liability or “qualifying income” of at least $3,000. Retirees, disabled veterans and low-wage workers who usually are exempt from filing a tax return must file a tax return this year in order to receive an economic stimulus payment in May. Package 1040A-3 is the informational package available from the IRS for those who would not ordinarily file taxes, and are filing this year only for the stimulus rebate. There are paper copies available from the 2nd floor of the Main Library at 300 N. Roxboro Rd. in downtown Durham. For other questions about the stimulus rebate, please refer to the Economic Stimulus Payments Information Center. There is also an economic stimulus payment calculator available if you would like to see an estimate of how much your payment would be.

Pagos de Estímulo Económico: Conozca sobre los pagos del estímulo económico, a cuanto ascienden los pagos y cuando estos se enviaran a los contribuyentes.

Tax Preparation

If your adjusted gross income was less than $54,000 for the year 2007, you can file your taxes online for free using Free File. You can also file for free if you do not ordinarily file taxes, but must file this year to claim the stimulus payment rebate.
Si su Ingreso Bruto Ajustado fue menos de $54,000 en el año 2007, usted puede utilizar Free-File para preparar su declaración de impuestos y presentarla electrónicamente.

Free, in person tax preparation is available at different locations around Durham from VITA for low to moderate income individuals (generally $40,000 and below) who cannot prepare their own returns. Call 560-0110 for more information.