We all know women possess the power of the purse, commanding consumer spending decisions (85% of purchases). But what about when it comes to taxes? Are women empowered? Are you? (Check out interesting tables on gender and tax return data from the IRS.)
One way you can take charge of your financial future is through your taxes –- making sure you don’t pay too much (or anything) to prepare and file, plus getting the full refund you deserve.
One of the most rewarding projects I’ve worked on for the past few years is MyFreeTaxes.com –- this nonprofit partnership provides free federal and state tax preparation and filing services for individuals and families who earned $57,000 or less in 2012. MyFreeTaxes offers a toll-free phone line or chat pod so you can get help to file online, or you can get help in-person at a community-based tax site -– still free.
Why does this matter for women? Because truly free tax preparation and filing (some providers offer a free federal return but make you pay for state) means you don’t have to use a paid tax preparer (saves you about $200), plus ensures you receive the maximum refund, including all the credits you qualify for –- earned income tax credit (EITC), child tax credit and more. Plus, ensures you're getting good advice from trusted nonprofit partners who can help you find other programs and services too.
It doesn’t matter if you’re single or married, head of household or not, a grandmother or a college
student. If you made less than $57,000 and haven’t filed your taxes, you probably qualify. Last year, more than 1.4 million taxpayers used MyFreeTaxes either online or in person to file their taxes free
and got back an average of nearly $1,300 each. With the $200 saved on tax prep costs, that could be $1,500 more in your pocket -- or your friend’s -- so spread the word. When women have more money, they pay bills, take care of basic needs, help their families and make the world a better place.
Check out videos.
Check out media coverage in Forbes, Fox Business, MSN Money and more.
Do yourself a favor and check out www.MyFreeTaxes.com or @MyFreeTaxes on Twitter.