VITA is closed until February 2025
The IRS will stop accepting e-files in late October. We are not scheduling appointments until February 2025 when the 2024 tax season begins. Site locations, days, and hours will be posted in November. Sites requiring appointments will begin scheduling on mid to late January. Check back for details.
If you receive a tax notice from the IRS or Colorado, feel free to contact us (970)599-1765 during this period. A volunteer will return the call and will offer the necessary assistance. Return calls may be delayed during this period.
Colorado Tax Law changes for seniors, families, and disabled residents.
The senior housing income tax credit has returned. Senior qualify for up to $800 single, $1,600 married filing separately for non exempted properties. The new credit is closer to parity with the exemption for property owners who have been approved for the homestead exemption in their county. READ MORE from the approved bill.
Child tax credits are renewed through 2034. The rates have increased and will adjust based on inflation during the approved period. READ MORE from the approved bill.
The Property Tax and Heat Rebate Application is changing in 2025. These changes will not be effective until you file your taxes in 2026.. The maximum credit amount has increased. Disabled people will no longer file this form. Instead a new refundable credit will be added to the individual tax return. READ MORE from the approved bill.
IRS encourages people to do an end-of-summer tax checkup to avoid tax surprises next year
IR-2024-225, Aug. 27, 2024
WASHINGTON — The Internal Revenue Service today encouraged taxpayers to consider using the end of the summer to make tax withholding or payment updates to avoid a potential surprise next year at tax time.
While most taxpayers get a refund after filing their taxes, many also find they unexpectedly owe taxes. This can be due to a life or job change for which they did not make the necessary tax adjustment during the year. read more
IRS reminder for schoolteachers: Up to $300 in classroom expenses deductible for 2024
IR-2024-219, Aug. 21, 2024
WASHINGTON — As educators gear up for the new school year, the IRS reminds schoolteachers that the maximum deduction for classroom expenses in 2024 remains at $300.
This deduction allows educators to offset the cost of supplies, materials and other classroom essentials, providing some financial relief for those who spend their own money to improve their students’ learning experience.
Under federal law, this $300 cap is unchanged from 2023, continuing the adjustment for inflation that began in 2022 when the limit was raised from $250. read more