Many people fret tax season since it usually means writing a fat check to the IRS. However, this is one break that poorer people get. The lowest income brackets qualify for refundable credits that could mean a sizable refund in the early part of the year. While some write a check for thousands, others receive refunds for thousands.
Could this pay for your dentistry? Yes. Sure you have other needs......the money is fairly spent before you get it. But think. When else might you have the lump sum you need to rid of the nightmare of dental disease.
Did you know?
You can receive your tax refund very quickly (in less than 3 weeks) without paying outrageous fees? The IRS offers free electronic filing with forms online. Some online tax services, like Turbotax, provide services for free for certain income brackets.
Have you been paid for services that are "under the table" (a phrase I hate----it means 'it seems like I am doing you a favor, but I am cheating you out of up to 7.65% of your income')? Doing contract work in which you are paid a specific dollar amount for working is taxable. When you file (using self-employment forms--Sch SE and Sch C), you will pay the full amount of your social security and medicare taxes (known as FICA). However, if you are in lower income brackets, you will offset this with credits. Not only do you likely receive a refund, you get your future benefits paid.
Tax credits aren't just for people with kids....poor people without children can receive Earned Income Credit and there are refundable credits for students.
Taxes get a bad rap. It is important that members of society pay in to support this country.....it is expensive to be America. For poorer Americans, it means a refund because they tried.
Get busy and file those taxes. And if you dental care, now is the time. MPACT helps people get the dental care they need. If you need low cost or reduced fee dentistry to help you stretch your tax refund, use the contact page and we will assign you a dental health mentor to put you in the right direction. If you have questions about filing your taxes and receiving your refund, ask them here for others to see.
