Tax laws become more complicated each year, and filing tax returns can be a daunting process.
Elderly, or moderate income individuals or couples may have their federal and state tax returns prepared free in Camden. The service is provided by AARP, in cooperation with the Internal Revenue Service for persons with simple returns.
This will be especially true for persons who did not have health care insurance during calendar year 2014. Because of a law passed in 2010, each taxpayer must provide information on their tax return about the health care insurance coverage that each person listed on the tax return had during the calendar year 2014. That includes all dependents claimed. If someone was covered by Medicare, Medicaid, employer-provided health insurance, military retirement health insurance or student insurance purchased through the college they attend, those policies will meet government-mandated minimum health insurance standards. However, those who did not have proper health insurance during 2014 will pay an additional tax that will be calculated on the 2014 tax return.
Those persons or families who purchased health care insurance for 2014 through the Government Insurance Marketplace (www.healthcare.gov) or through a private insurance company will receive a Form 1095-A in the mail from the insuring company. That form must be brought to the Tax-Aide location at the time of your appointment because there is important information on Form 1095-A that must be included on your 2014 tax return.
In the Camden area, the AARP Tax-Aide service is available each Tuesday through April 14.
Trained Tax-Aide volunteers are preparing tax forms at the Kershaw Baptist Association Building, 14 East DeKalb St. This is the same location used for Tax-Aide program last year. Call 713-9475 to schedule an appointment.
Volunteers will prepare the return, based upon information provided by clients, and electronically file returns with the IRS and the South Carolina Department of Revenue free of charge.
Clients should bring some information to the tax preparation session with them. According to local coordinator Woodie Dixon, those desiring to have their 2014 tax return prepared should bring all documents related to income (W-2s, 1099-SSAs and other 1099s), Social Security cards for all taxpayers and dependents to be included on the return, and all documents related to those items which might be deductible on the return. Bringing a copy of the previous year’s tax return would also be very helpful.