Did you buy a new house in 2010?

If you qualify for either the $8,000 first-time home buyer’s credit or the $6,500 credit for longtime residents who bought another principal residence, you don’t have to wait until you file your 2010 tax return to claim it.

Special rules allow you to claim the tax rebate on your 2009 return as long as you signed a binding contract before May 1, 2010, and close on the home before Sept. 30. Amend your 2009 return by filing Form 1040X. (You’ll also have to file Form 5405, “First-Time Homebuyer Credit and Repayment of the Credit,” and include a copy of your settlement sheet.)

 Source: http://community.nasdaq.com/news/2010-07/a-second-chance-at-tax-savings.aspx?storyid=30422#ixzz0v5GDH6z4

MCCA has been designated as a tax site for the Center for Economic Progress again in 2010.

Starting on January 25th, 2010, families  with incomes of less than $55,000 and individuals with incomes of less than $30,000 can have their taxes prepared  at no cost. The service will be available on Mondays, from 9am until 3pm and 5pm until 7pm. Customers who do not have a bank account in which to deposit their refund will be able to open a savings or checking account at the time of their appointment.

Appointments are available on a first come, first served basis.

In order to expedite your appointment, please bring the following documentation with you:

  • All W-2s and 1099s (if any)
  • Social Security cards or Individual Taxpayer Identification Numbers (ITIN) for all family members
  • Valid photo ID
  • Copy of last year’s tax return, if available
  • Bank account number and routing number to direct deposit your refund
  • Property tax bill
  • Amount spent on college expenses

For more information on this service and other tax site locations, please call the Center for Economic Progress at (888) 827-8511, or visit www.economicprogress.org

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