Economic Stimulus for Taxpayers
| Economic Stimulus for Taxpayers |
| Friday, 18 June 2010 02:50 |
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LIBERTY TAX IS HELPING FAMILIES
Families Can Cash in on Free Preparation for the Month of March, 2010 Only. San Marcos, CA (MMD Newswire) March 2, 2010 -- Liberty Tax Service is offering an economic stimulus to families in need during the month of March 2010. For new customers only, the company will waive tax preparation fees during the Month of March 2010 for the following families: 1) Seniors on fixed income making less than $50k;2) Military families with a family member on active duty; 3) anyone who has lost their home to foreclosure or short sale in 2009; 4) 50% off paid tax preparation fee from last year to another tax preparer; or 5) Families with Displaced Workers. "Our economy has suffered a staggering loss of jobs causing financial stress among our friends, family and neighbors," said Alan L. Geraci, Estate Planning Attorney and owner of Liberty Tax Service. "This is a service we provide to those facing enough hardship because of job loss and adversity at a time they certainly are focusing on other issues in their lives."
Liberty Tax Service urges all families, including families with senoirs, job seekers and those out of work to examine some recent tax breaks. For 2009, out-of-work Americans may exclude up to $2,400 of unemployment benefits when reporting the income for federal income tax purposes. Benefits exceeding that amount will still be subject to tax. In today's world of downsizing, outsourcing and shrinking benefits, it's nice to know that your job-hunting expenses may be tax deductible. As long as you're seeking a job in your current profession and can file a Form 1040, some of your job search expenses may be tax deductible as miscellaneous deductions. This applies whether you're just looking, or whether you actually land a job. If you itemize, and your job-hunting expenses and other miscellaneous deductions total more than 2% of your adjusted gross income, you may claim them on Schedule A filed with Form 1040. For more details, call Liberty Tax Service at 760-744-7100, or e-mail at This e-mail address is being protected from spambots. You need JavaScript enabled to view it . About Liberty Tax Service Call 866-871-1040 to be directly connected to the nearest Liberty Tax office. Liberty Tax Service is the fastest growing retail tax preparation company in the industry's history. Founded in 1997 by CEO John T. Hewitt, a pioneer in the tax industry, Liberty Tax Service has prepared over 7,000,000 individual income tax returns. With 41 years of tax industry experience, Hewitt stands as the most experienced CEO in the tax preparation business, having also founded Jackson Hewitt Tax Service (NYSE:JTX). Liberty Tax Service provides computerized income tax preparation, electronic filing, refund loans, and online filing through eSmart Tax. Each office offers customers audit assistance, a money back guarantee, and free tax return checking. The Liberty Tax Service franchise opportunity is #9 on the fastest growing franchises list of the 2010 Entrepreneur "Franchise 500." CONTACT: Alan L. Geraci, Attorney ### |
