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AARP Tax Preparation in The Market Commons

Posted January 26, 2018

Starting February 6th, we will be offering free in-person tax preparation in partnership with AARP Foundation every Tuesday until April 10th! Appointments run about an hour and a half long and are scheduled between 9am to 3pm. Please call 206-774-5315 or email marketcommons@pikeplacemarket.org to schedule your slot today!

100% welcoming and free, the program is open to taxpayers of all ages. An AARP membership is not required.

AARP Foundation Tax-Aide can prepare most returns with:

  • Wages, interest, dividends, capital gains/losses, unemployment compensation, pensions and other retirement income, Social Security benefits
  • Self-employment income if no employees, no inventory, no losses, no depreciation, no business use of home, and no other complicating factors
  • Most income reported on Form 1099-MISC
  • Schedule K-1 that includes only interest, dividends, capital gains/losses or royalites
  • Itemized deductions, including noncash contributions to charity that total no more than $5,000
  • Cancellation of nonbusiness credit card debt
  • IRA contributions- deductible or not
  • Most credits, such as earned income tax credit, education credits, child/additional child tax credits, child/dependent care credit, premium tax credit, simplified method foreign tax credit on investments, and retirement savings credit
  • Repayment of first-time homebuyer credit
  • Estimated tax payments
  • Installment agreement request for taxes due
  • Injured spouse allocation, depending on state
  • Health Savings Accounts (HSA)*
  • Amendments to filed returns
  • Prior three tax years’ returns

*HSA: Only when volunteer is certified in the HSA module to prepare, and another volunteer is certified to review, a return that includes HSA contributions or distributions

AARP Foundation Tax-Aide cannot prepare returns with:

  • Self-employment expenses that exceed $25,000
  • Complicated capital gain/losses, such as futures or options
  • Rental income, except land-only rentals**
  • Royalty income with expenses if not from self-employment
  • Farm or farm co-op income or expenses
  • Partially reimbursed employee business expenses
  • Moving expenses**
  • Tax on a Child’s Investment and Other Unearned Income (Kiddie Tax)
  • Some investment income or itemized deductions that are not included in our training
  • Alternative Minimum Tax, Additional Medicare Tax, or Net Investment Income Tax
  • Foreign financial asset reporting requirements

**Rental or moving: Can prepare for active military personnel when volunteer is certified in the military module to prepare and another volunteer is certified to review

 

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