Get Ready for Tax Season
Expected start date for SEVCA clients is January 25, 2021
- The Volunteer Income Tax Assistance (VITA) program offers free tax help to people who generally make $57,000 or less and Persons with disabilities; and Limited English-speaking taxpayers
- FSA Site for income over $57,000 on case by case basis
All necessary forms (total 4) located at the bottom of this page.
Upper Valley Clients – Enclosed are all the details relative to our tax return process. If any questions, you may call 1-800-464-9951 or 802-722-4575 for more details or to find out if you are a qualified tax client for the program. The Virtual Drop-Box Location will be located at the Windsor Resource Center, 1 Railroad Avenue, Windsor, VT 05089. There will be no Site Drop box at St. Paul’s Church in White River Junction, those clients are referred to the Windsor Drop-Box.
Southeastern Vermont Clients – You will be provided details when appointment is made. If any questions, you may call 1-800-464-9951 or 802-722-4575 for more details or to find out if you are a qualified tax client for the program. The Virtual Drop-Box Location will be located at the SEVCA Main office, 91 Buck Drive, Westminster, Vermont 05158.
- Each Site will contain a locked drop-box provided by SEVCA.
- Client(s) must fill in Form 13614-C (October 2020) Department of the Treasury - Internal Revenue Service Intake/Interview & Quality Review Sheet (included with this letter) in its entirety along with the signature(s) needed on the form to have your tax appointment efficiently scheduled by the drop-off date sign in sheet.
- All Tax Clients (single or joint filers) must sign the Form 14446 Virtual VITA/TCE Taxpayer Consent Form(included with this letter).
- All Client tax appointments will be processed in the order in which they are received by a sign in sheet by each client at each of the drop-box locations.
- Clients will provide all tax back-up including a copy of driver’s license(s) and social security cards for all listed on the tax return i.e. Single or Married Filing Joint, and all dependents must have copies of social security cards.
- The tax client can securely put all documents into a tax envelope provided at the Site Location identifying the tax clients name written on it and drop into the drop box.
- Please be sure to provide your name, address, phone #, email address and any relative information or specific circumstances outside the ordinary relative to your tax preparation
- Provide a copy of your previous year’s tax return if it was not done by SEVCA.
- We will also prepare your Vermont Homestead Declaration filing and/or Vermont Renter’s Rebate.
Federal Returns, Self-employment with Schedule C and all State(s) Returns to be done other than NH (no personal state return needed in NH for unless interest and dividend income).
Need more information about claiming your stimulus check?
Even though the stimulus payments are non-taxable, the IRS requites reconciliation of all of the EIP Stimulus payments received by each individual. The first stimulus provided $1200 per individual and $500 per dependent for clients with dependents; married filing jointly couples could receive $2400 plus $500 per dependent. The 2nd stimulus payment issued $600 per individual or $1200 per married filing jointly, and each dependant provided an additional $600.
You will need to let your Tax Preparer know exactly what the tax client received from the 1st stimulus check and the 2nd check (that people are still receiving). They all need to be reconciled in the 2020 tax return. Some stimulus payments were less than the amount you should have earned. Your 1040 Tax Return will include the correct amount when you file and any additional amount owed to you or your household will be considered either as payment toward taxes owed or included in your tax rebate.
The details for the first payment:
ECONOMIC IMPACT PAYMENTS WHAT YOU NEED TO KNOW FOR INDIVIDUALS $1,200*
Eligible individuals with adjusted gross income up to $75,000 will automatically receive the full $1,200 payment. $2,400* FOR MARRIED COUPLES Eligible married couples filing a joint return with adjusted gross income up to $150,000 will automatically receive the full $2,400 payment. Parents also get $500 for each eligible child under 17.
The details are below for the 2nd payment:
How much is the second stimulus check? The new stimulus is worth $600 for individuals earning up to $75,000 per year, or $1,200 for couples earning up to $150,000 per year*. Parents with dependents will also receive $600 for each child under age 17.
More information about Recovery Rebate Credit HERE.