The opening of the annual tax filing season, amid the COVID pandemic – 20, has caused many Latinos to ask in different forums of social networks, if they should pay unemployment taxes and the economic stimulus checks they received as relief from job loss and income reduction.
“ For the economic stimulus checks, no We are going to pay taxes, but we must mention that we receive them; and for unemployment we do not have to pay state taxes, but we do have to pay taxes to the federation , ”said Guadalupe Gómez, owner of El Bloquecito Income & Tax in Santa Ana and Anaheim.
He specified that the federal tax payment for the federal impact check will depend on the dependents and how much they have received. “There may be cases where they don’t have to pay anything.”
He also recalled that since 2018, when Trump entered as president, it can no longer be claimed on the tax return to parents in Mexico as dependents. “Mexico did not have to pay for the wall, but we Mexicans who work in the United States have paid for it with the money they no longer give us for claiming our parents as dependents.”
The also leader of the Zacatecans in Los Angeles, told parents that if at the end of the fiscal year, their children reach the age of 19 years, the child credit no longer applies, as it is only for those of 17 years and under which is $ 2, 000.
In addition, the taxpayer receives the credit of $ 500; and depending on the amount of income, you could receive low income credit.
Add that dependents over 21 years of age can be up to 24 years of age, provided they have attended school for at least one semester.
The best choice
The Tax Collection Service (IRS) recommended this year, file taxes electronically and request direct deposit to avoid paper-related delays.
Reported that taxpayers have the option of submitting their electronic tax returns through a tax professional; or for free by going directly to the IRS Free File page or some other commercial tax preparation software.
“Tax returns presented on paper and paper checks will take even longer this year ”, they warned.
They should not forget they have until Thursday 15 April 2021 to file your tax return of 2020 and pay any taxes due .
“The pandemic created a variety of changes in tax laws, as well as some unique circumstances for this tax season. It is important to understand how to claim credits and deductions, get a timely refund and meet all tax responsibilities, ”said Chuck Rettig, IRS Commissioner.
He added that those who did not receive the economic stimulus check, or received it partially, may be eligible to claim the credit of refund recovery when they file their tax return of 2020.
The IRS expects to receive more than 200 million individual tax returns this year with 9 out of 15 returns filed electronically. At least 8 of each 10 Taxpayers receive their refunds through the use of direct deposit.
Also, for the first time this year, Forms 1040 Y 1040 – SR are available in Spanish, and the IRS has a new form that allows taxpayers to request and receive information from the IRS in their preferred language. The annex requesting change of language preference will allow taxpayers to request information in about 21 different languages other than English.
Virtual declarations
If you are what your tax returns in person, but this year you are afraid of exposing yourself to a contagion of COVID – 20 and you are thinking what to do, ask your tax preparer, what are your alternatives.
Juan Manuel Arenas of Arenas Professional Services in Huntington Park, said there are two options and This year: go to the preparer’s offices or do everything electronically. “So they don’t have to come, I have to mail them all the original forms, and when they send me the paycheck, their tax information and the signed papers, I do their tax preparation.”
Arenas specified that those who did not receive the economic stimulus checks last year because they were included as dependents, if this year they are already working, they can claim them so that delivered together with the support of $ 1, 400 already approved by Congress.
Also ask your preparer if you can send all your tax documents, via email, and do the entire process by phone and Internet, without having to go to the offices and avoid being infected with coronavirus.
Reminder for ITINs
The IRS also reminded to taxpayers who for economic reasons because of COVID, were forced to take money in advance for their retirement plans 401 (k ) and traditional IRAs in 2021, which according to the CARES Act, up to $ 100 , 02 do not are subject to the additional tax of 15%.
For more information on electronic tax return, by yourself for free Free File from the IRS at IRS.gov/filing.
Refunds of the electronic declaration are received on average in less than 23 days. Taxpayers can track their refund to via: “Where’s my refund? on the IRS.gov website; or by downloading the IRS2G mobile app, where you will get a custom refund date 30 hours after your tax return is sent electronically.
Other information you should know is that those who file taxes with personal identification numbers (ITIN) are eligible for up to $ 4, 02 reimbursement for Young Child Tax Credits; and CalEITC given to workers earning less than $ 30, 000 year .
Irma Treviño, IRS spokesperson, specified that ITIN holders will not receive the economic stimulus checks that were delivered last year for $ 1, 213 and $ 600, but if they have partners, husbands or wives, and children with social security numbers, they will receive it . “Let us remember that last year, mixed families in which one of the spouses had a social security number; and the other had an ITIN number, they were left out of the stimulus. ”
Free preparation sites:
All People’s Community Center
Los Angeles, CA 90004
Call to: (213) – 0779 – 6357 ext 160
Leave Documents – Appointment Only
Bresee Foundation
Los Angeles, CA 90004
Call (221) – 387 – 2021
Leave documents – Appointment only
Neighborhood Action Youth & Family Center
Los Angeles, CA 90032
Call to: (323) – 221 – 0779 Leave documents – Appointment only
Central City Neighborhoods Partners
Angeles, CA 90017
Call to: (221) – 482 – 8618 or (221) – 500 – 3537
vita@laccnp.org
Leave documents – Only appointment
The Center Help Los Angeles, CA 90033
Call to: (387) – 526 – 90004
Leave documents – Appointment only
El Centro Del Pueblo
Los Angeles, CA 90026
Call to: (221) – 483 – 6335
Leave documents – Appointment only Appointments until 16 July
El Nido Family Center, South LA
Los Angeles, CA 90047
Call to (323) – 998 – 100
Leave documents – Appointment only
El Nido Family Center Pacoima
Pacoima, CA 91331
Call to: (890) – 890 – 7776
Leave documents – Appointment only
KYCC
Los Angeles, CA 90020
Call to: (323) – 909 – 1975
Leave documents – Only appointment at: http://kycc.youcanbook.me
Latino Resource Organization
Los Angeles, CA 90025
Call to: (310) – 600 – 6069
Leave Documents – Appointment Only
Mexican American Opportunity Foundation
Commerce, CA 90040
Call to: (323) – 896 – 1975
Leave documents – Only cit a
New Economics for Women
Van Nuys, CA 91406
Call to: (798) – 786 – 4098
Leave documents – Appointment only
Also the United Way organization, helps you online to prepare your taxes.Visit the website: https://www.myfreetaxes.org
