Posts Tagged ‘first time homebuyers’

CPA Rockville – How To Get Your Refund Faster

Posted on: March 22nd, 2010 by

CPA RockvilleCPA Rockville - Tax RefundWant your tax refund faster?  File your federal return online and have the refund direct deposited into your bank account.  The Internal Revenue Service has promised to get refunds out to those who electronically file their taxes online in as few as 10 days.  For those who choose to mail their return in, refunds are expected to take four to six weeks.

For those filers taking advantage of the expanded home buyer tax credits, however, paper forms must still be filed because Congress has required documentation to claim them.  Under the program, buyers who have owned their current homes at least five years would be eligible, subject to income limits, for tax credits of up to $6,500.  First time home buyers or people who haven’t owned homes in the previous three years could receive up to $8,000.

Taxpayers can file their returns electronically whether they use a paid tax preparer/CPA in Rockville, Maryland or do it themselves.  For families and individuals making less than $57,000, the IRS offers Free File computer software programs that help taxpayers prepare their returns at no charge.  Those making more than $57,000 can still file their returns online at no cost, they just won’t get the additional free help.