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
Treasury and IRS issue guidance for the Energy Efficient Home Improvement Credit
IR-2024-280, Oct. 24, 2024
WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued Revenue Procedure 2024-31 PDF and proposed regulations to provide guidance for the Energy Efficient Home Improvement Credit. read more
IRS encourages all taxpayers to sign up for an IP PIN for the 2025 tax season
IF YOU CHOOSE TO SIGN UP FOR AN IPPIN, YOU MUST PROVIDE IT EVERY YEAR IN ORDER FOR YOUR TAXES TO BE PREPARED. THE LETTER ARRIVES IN JANUARY. IF YOU LOSE / MISPLACE THE LETTER, YOU MUST REQUEST A COPY OF THE LETTER, WHICH TAKES UP TO 21 DAYS TO PROCESS.
IR-2024-278, Oct. 23, 2024
WASHINGTON — As the 2025 tax season approaches, the IRS encourages all taxpayers to take an important step to safeguard their identity by signing up for an identity protection personal identification number (IP PIN).
This simple yet crucial step can provide an added layer of security, helping protect against tax-related identity theft.
The IRS encourages taxpayers to sign up for IRS Online Account, which provides a quick and easy way to obtain an IP PIN. Signing up early will ensure taxpayers have extra safety by having an IP PIN to electronically file their returns when the filing season begins in 2025. read more
RS releases tax inflation adjustments for tax year 2025 (tax brackets, major changes, etc.)
IR-2024-273, Oct. 22, 2024
WASHINGTON — The Internal Revenue Service announced today the annual inflation adjustments for tax year 2025.
Revenue Procedure 2024-40 PDF provides detailed information on adjustments and changes to more than 60 tax provisions that will impact taxpayers when they file their returns in 2026. read more