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Newspaper
Ottawa Herald
Location
Ottawa, Kansas, United States of America
Date
Feb 18, 2000
Page
12
The IRS broadens e file choices for 2000 tax returns with options to file and pay online or by phone. Kansas tops 292000 e filings last year while 55000 used TeleFile and 18000 tax preparers join a test program for electronic signatures.
Self employed individuals should note two key income tax deductions. First net earnings from self employment are reduced by half of the Social Security tax. Second half of the Social Security tax is deductible on Form 1040 and reduces gross income. For details contact a local Social Security office or visit ssa.gov.
Microsoft launches a Comfort Texas program to convert about 1900 residents to online taxes using TaxSaver software. The effort includes two free tax centers staffed by Texas preparers, with support from former Governor Ann Richards and a local high school band.
Low income Kansans may qualify for both federal and state Earned Income Credits. The federal EIC can reach up to 3816 dollars, with the Kansas EIC equal to 10 percent of the federal amount.
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