TAX SEASON 2020 will reopen on 25 January 2021.
Also, you may go to Camp Lejeune (910) 451-3030 which is open year round!
FREE TAX PREPARATION AND ELECTRONIC FILING
The New River Tax Center will open 25 January 2021 to prepare 2018-2020 tax returns.
Operating hours are as follow: Monday, Wednesday (Unit/individual appointment only), and Friday 0900-1700.
- New River Tax Center is located in Bldg AS 216 Bancroft Street (on the east side of the Office of the Staff Judge Advocate and next to MAG-26 HQ).
- The Tax Centers will prepare Tax returns for the last three years.
- If you are deployed, you and your spouse have 180 days from the time you leave the deployment area to prepare your tax return.
Note: The deduction for all personnel exemption is suspended (reduced to zero), effective for tax year 2018 through 2025.
For 2020, the gross income limitation for a qualifying relative is $4,300.
For any divorce separate maintenance instrument executed after December 31, 2018, (executed on before December 31, 2018 and modified after that date if modification expressly provides that the amendment made by the Tax Cuts and Job Act, Section 11051, apply to such modification), alimony and separate maintenance payments are no longer deductible by the payor spouse. Additionally, alimony and separate maintenance payments are no longer included in income by the recipient of the payments.
Child Tax Credit refundable amount is limited to $1,400 per qualifying child.
Intake/Interview & Quality Review Sheet (Form 13614-C)
W2 (wages or salaries from all employment during the year
Interest from checking or saving account, bonds, CD, or brokerage account
State tax refund (if itemized)
Alimony Income (for divorce before 2019)
Pension and/or IRA distribution (1099 -R)
Unemployment Income (1099-G)
Other Income such as gambling winnings, awards, prizes and jury duty
Education expenses (1098-T)
Home mortgage interest (1098)
Real estate tax/Personal Property Tax
Child/dependent care expense (Child care provide Id or SSN)
Estimated Tax payments
Bank account information to electronically file tax return (voided check or deposit slip)
Power of Attorney if filing a joint return
Social Security card/ITN numbers for all dependents claimed on tax return
All rental property information if claiming rental income (Maximum of 3 rental property)
Any information you think will help properly prepare your tax return
2020 Earned Income Tax Credit Information
To be eligible for a full or partial credit, the taxpayer must have earned income of at least $1 but less than:
- $50,954 ($56,844 married filing jointly) with three or more qualifying children
- $47,440 ($53,330 married filing jointly) with two qualifying children
- $41,756 ($47,646 married filing jointly) with one qualifying child
- $15,820 ($21,710 married filing jointly) with no qualifying child
Tax Year 2020 maximum credit:
- $6,660 with three or more qualifying children
- $5,920 with two qualifying children
- $3,584 with one qualifying child
- $538 with no qualifying child
- Married Filing Separate cannot take EITC.
Investment income must be $3,650 or less for the year.
The amount a taxpayer can deduct for each exemption is $0.
Married Filing Joint $24,800
Married Filing Separately $12,400
Head of House Hold $18,650
Qualifying Widow $24,800
Taxpayers who are 65 and older or are blind
Married Filing Joint $1,300 ($2,600 if both qualify)
Married Filing Separately $1,650
Qualifying Widow(er) $1,350
Single or Head of Household $1,650
Allowance of partial above-the-line deduction for charitable contributions
This permits tax payers who do not itemized deductions to deduct up to $300.00 of cash contributions to charitable organizations per return. This provision applies for tax year 2020.
In order to itemized deductions, your amounts must be above the standard rates listed above.
Standard Mileage Rate
- 57.5 cents per mile for business miles driven.
- 17 cents per mile driven for medical or moving purposes.
- 14 cents per mile driven in service of charitable organizations
Definition of a Qualifying Child
Provides that a qualifying child for purpose of the child tax credit, head of household, earned income credit, dependency exemption, and credit for child and dependent care expenses must be all of the following:
- Relation test. The child must be your child (including adopted stepchild, or eligible foster child), sibling, step sibling, or a descendant of one of these relatives. An eligible foster child is one that is placed in your home by an authorized placement agency or by judgment, decree or other court order.
- Residency test. The child must live with you for more than half of the year.
- Support. The child cannot have provided over half of his or her own support during the year. Exception. For purposes of the EIC only, the support does not apply.
- Age Test. The child must be under a certain age (depending on the tax benefit) to be your qualifying child.
- Exemption, EITC and Head of Household status a child must be under 19 or a full-time student under 24 or any age if permanently and totally disabled.
- Child tax credit a child must be under 17.
- Child and dependent care credit a child must be under 13 or any age if permanently and totally disabled.
- *The qualifying child must be younger than the individual claiming the child.
- Qualified Relative Rules
- Member of Household or relationship.
- Gross income
- Joint Return
A qualifying child of a person cannot be a qualifying relative of someone else. However, a child can be a qualifying relative if the parent doesn’t have filing requirement or only files to get the federal tax withheld back.