NVME staff will now offer free Student Loan Repayment Counseling in addition to classes and coaching in financial education. Student Loan Repayment Counseling is for individuals who are struggling to repay student loans, have a loan that is past due or in default, need assistance choosing a repayment plan…
It’s tax time. With free tax help, DIY tax filing links, and other resources, you can get started on your taxes now and get the support you need along the way.
Millions of American families are eligible for the Advance Child Tax Credit through the American Rescue Plan. It is not necessary to be a tax filer to claim the credit. NVME, CA$H Maine, Maine Equal Justice and other organizations are reaching out to communities across Maine to help families claim the credit.
Written by Janet Smith, Regional Manager and Workforce Specialist in NVME’s Western Region What Happened? At the beginning of this year, major changes to federal income tax rates went into effect across the country. These changes may have impacted your take-home pay and may also affect your 2018 taxes when you file in 2019. Who Does it Impact? If you fall into one of the following categories, it’s crucial that …
Written by Jenn Dobransky, Midcoast Region Microenterprise Specialist Are you self-employed? If you are thinking about doing your own taxes this year, here are six tips that can help you feel prepared: Open a separate business banking account to make record keeping easy. This can be a DBA, doing business as, account. It is important to separate your business finances from your personal finances. This will make tax time …
Written by Gigi Guyton, Southern Region Microenterprise Specialist and Regional Manager Now that tax season is behind us, many small business owners are probably thinking, “Thank goodness that’s over! Now let’s just focus on summer in Maine.” But guess what, we’re already into the Second Quarter of 2017. If gathering your 2016 tax info and getting your small business taxes filed was a pain, start getting your 2017 books in …
Written by Jenn Dobransky (Microenterprise Specialist, Midcoast Region) Transform Anxiety Taxes and record keeping can often be a source of confusion and anxiety for taxpayers. These emotions are typically a result of a lack of knowledge that many start-up businesses have. But with a little bit of information, that confusion dissipates and the anxiety transforms into empowerment. Get Your Records in Order The first step in preparing your …
Written by Janet Smith (Regional Manager, Western Region) CA$H Maine is one of over 12,000 Volunteer Income Tax Assistance (VITA) programs across the country that the IRS relies on to help people file their taxes for free. In 2016, CA$H Maine’s IRS certified volunteers helped over 5,000 Maine people qualify for and keep 100% of their refunds. This adds up to over $6,000,000 that people received without worrying about …
If you are a business owner, now is a good time to start preparing for the coming tax season. Here are 7 tips to help you prepare: Check your estimated taxes against last year’s tax liability. If needed, adjust your estimated tax payments for the rest of the year to avoid underpayment. If you know you will owe money at tax time, set aside funds now to avoid …