Income Taxes and COVID-19
The U.S. Treasury Department and Internal Revenue Service have announced that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed. This deferment applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers as well as those who pay self-employment tax.
N.C. Department of Revenue recently announced that they will extend the April 15 tax filing deadline to July 15 for individual, corporate, and franchise taxes to mirror the announced deadline change from the Internal Revenue Service. In addition to the filing extension, the NCDOR will not charge penalties for those filing and paying their taxes after April 15, as long as they file and pay their tax before the updated July 15 deadline.
COVID-19 economic stimulus relief
April 30, 2020
Americans have started to see some financial relief in April through Economic Impact Payments being issued by the Internal Revenue Service. Click here for common questions about the Economic Impact Payments, including how much you’re eligible to receive and when you can expect to receive it.
Consumer Financial Protection Bureau, www.consumerfinance.gov
Social Security Recipients Will Automatically Receive Economic Impact Payments
April 1, 2020
WASHINGTON – The U.S. Department of the Treasury and the Internal Revenue Service today announced that Social Security beneficiaries who are not typically required to file tax returns will not need to file an abbreviated tax return to receive an Economic Impact Payment. Instead, payments will be automatically deposited into their bank accounts.
The IRS will use the information on the Form SSA-1099 and Form RRB-1099 to generate $1,200 Economic Impact Payments to Social Security recipients who did not file tax returns in 2018 or 2019. Recipients will receive these payments as a direct deposit or by paper check, just as they would normally receive their benefits.
Due to library closures, tax forms must be obtained online or through the mail. Once library branches open again, please call to see if the form you need is available.
As of Tax Year 2018 income taxes, there will no longer be Form 1040A or Form 1040EZ, but instead a redesigned Form 1040 and 6 Schedules. Many people will only need to file Form 1040 and no schedules. These forms and instructions are being supplied to Libraries. Please call your library branch and ask about availability before driving over.
A limited number of printed federal tax products are available at some local IRS Tax Assistance Centers. The IRS suggests obtaining print forms, instructions, and publications in 3 ways:
- IRS.gov Online Forms
- Order IRS Forms by Mail (order as early as possible)
- Call 1 (800) 829-3676 to order tax products to be delivered by mail (order as early as possible)
Some Charlotte Mecklenburg Library branches have business tax forms and publications. Please contact your local branch to find out which of these are available.
Federal Tax Information
IRS Official Website - Forms, Instructions, Publications, Updates....The place to start.
E-filing Information - for individuals, businesses, and the self-employed. Free E-filing options explained.
United States Tax Code – Select the current year, then click on the "+" sign next to "Title 26 - Internal Revenue Code" and identify the section that applies to you. Or click on the Search button at the top of the page and type a keyword or phrase, then look for results from Title 26.
Code of Federal Regulation – Select the current year, then Title 26, which is the Internal Revenue section. You may view or download portions or all of this section as .pdf files, which you may then search.
North Carolina Tax Information
North Carolina General Individual Income Tax information.
North Carolina Tax Forms and Instructions for individuals. Prior year forms available also.
Local State Tax Office - The local office of the North Carolina Department of Revenue has state forms, instructions, and publications, but does not offer federal forms.
South Carolina Tax Information
South Carolina's Tax Forms and Instructions for individual. Prior year forms available also.
South Carolina Department of Revenue
300A Outlet Pointe Blvd., Columbia, SC 29210
Rock Hill Tax Office
775 Addison Ave, Suite 201, Rock Hill, SC 29730
Phone: (803) 324-7641
Charlotte Mecklenburg Tax Information
Free Volunteer Income Tax Assistance
Volunteers prepare income tax forms for low income and senior members of our community.
AARP Tax Aide website includes tax counseling online and articles about how to get help with tax problems.
Tax Information for Other States
Tax Information and Forms - click on the map and find the forms. Provided by the Federation of Tax Administrators.
E-File Your Tax Return for Free
MyFreeTaxes - If you make $69,000 or less, get your paperwork together, click on "My Free Taxes", and then click the orange button to Login and File for Free! (State and Federal)