Electronic filing brings its share of crooks
The IRS promotes electronic filing for faster refunds and fewer errors while tightening rules to halt fraud. Over 12.3 million returns were filed electronically last year with fewer than 0.25 percent fraudulent, costing about 20 million in refunds. First time filers face new checks on earned income credits and SSN verification. Refunds typically arrive in three to five weeks, with optional electronic deposit. Some taxpayers pay 30 to 40 dollars for refund anticipation loans. Statewide e filing expands to multiple states, enabling one transmission for federal and state returns in many cases.
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IRS
No retroactive Social Security tax hike for most beneficiaries
The article clarifies that there is no retroactive tax increase on Social Security benefits. Only 22 percent of recipients with high incomes face income tax on benefits for 1993, with thresholds set at $25,000 for singles and $32,000 for joint filers. If income is solely from Social Security, benefits are not taxable.
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Washington
Congress
Tax help for seniors starts Feb. 2 in Kansas City
The American Association of Retired Persons sponsors tax counseling for the elderly. Volunteers trained by the IRS will prepare federal and state income tax returns through April 15 at East Central Kansas Area Agency on Aging, 1325 Main. Service runs 1 to 5 p.m. Wednesdays or by appointment.
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American Association of Retired Persons
Internal Revenue Service
East Central Kansas
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