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End of year means tax time is around the corner

December 28, 2018

LAUGHLIN — People filing their 2018 income tax returns will notice some changes in the process compared with previous years.

“Personal deductions are going to be doubled and some other deductions have been eliminated,” said Mike Matthews, technical coordinator, Tax-Aide Program, AARP Foundation District 2. The area includes Laughlin, Bullhead City and Lake Havasu City.

The personal deduction of $6,000 for 2017 rises to $12,000 for 2018, and will bring taxpayers an advantage of somewhere between $600-$1,000 this year, on average.

Neither the deduction nor the advantage are the refund amount.

“It only affects the overall total and lowers the taxable amount,” Matthews said.

But the hundreds of people in Laughlin with low and moderate incomes who file income taxes with the help of Tax-Aide volunteers are more likely to pay less than in 2017 — if their financial situations were pretty much the same as last year or more favorable tax-wise.

People don’t need to be AARP members or even be seniors to obtain the free Tax Aide service. Completed returns can be sent electronically on-site to the IRS or be given back to the filer to send in at their convenience.

Matthews’ wife, Marilyn, has been the district coordinator since the early 1990s. There will be a new local coordinator, Charles Becker, who will succeed long-time local coordinator Albert Hoss, who did it for more than 20 years.

All of the Tax-Aide volunteers are IRS-certified.

Laughlin services will be available at the Laughlin Library on Wednesdays by appointment and Thursdays first-come, first-serve from 10 a.m. to 3:30 p.m. beginning Feb. 6.

The last Tax-Aide service day will be April 11.

When you visit Tax-Aide volunteers to sort out your return:

w Bring verification of Social Security number — of the filer and all of their dependents.

w Have all documents that show income during 2018 — 1099s, W-2s.

w Include a form of photograph identification.

w Bring a copy of last year’s tax return (if applicable).

w Don’t forget your 1095 A,B or C form to show proof of health insurance. (This Affordable Care Act-related tax requirement remains in effect for 2018).

w Remember to bring bank account numbers for bank deposit if there’s a refund.

w People who have to pay can use their credit card but can also take an envelope with them to send off the payment with their return later.

Tax areas not handled by these local volunteers include rental properties; business returns with inventory; military pay; married filing separately, because there are certain areas for which they don’t receive training.

For details or to make an appointment, email to taxaidelaughlin@gmail.com or call Matthews at 928-768-5976.

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