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Don’t leave money on the table!

Monday, February 8th, 2016

tax

By now, you should have received all of your tax documents and you can begin your tax preparations. Whether you do them yourself, take advantage of the free tax services in our area (FMI: http://www.curtislibrary.com/2016/01/31/free-tax-preparation/) or you work with a professional, you want to always ensure that you aren’t leaving money on the table.

What do I mean by that? I mean that you want to take advantage of all the tax credits and deductions you may be entitled. The availability and amounts change every year, so it is important to speak to a professional if you have any questions. You can also refer to the IRS website, which has a current list of credits and deductions available for the 2015 tax year.

According to the IRS website, here are some important credits and deductions that may apply to you.

The Earned Income Tax Credit, EITC or EIC, is a benefit for working people with low to moderate income. To qualify, you must meet certain requirements and file a tax return, even if you do not owe any tax or are not required to file. EITC reduces the amount of tax you owe and may give you a refund.

The Child Tax Credit, A tax credit of up to $1,000 per qualifying child. If you claim the nonrefundable child tax credit but do not qualify for the full amount, you may also be able to take the refundable additional child tax credit. You must meet various criteria regarding the qualifying child.

Student Loan Interest Deduction, You may be able to deduct up to $2,500 of the interest you paid on a qualified student loan. The deduction is claimed as an adjustment to income.

To learn more about taxes and how we can help, play our February scavenger hunt! It is fun and easy. Plus, you will be entered into a monthly and grand prize drawing.

-jf

February Curtis Money Preview

Wednesday, February 3rd, 2016

Hello from the Library!

I cannot believe that it is February. January marked our halfway mark for Making it in Maine programming. Have no fear, however, because we have great things in store for the coming month!

We continue with our Curtis Money Scavenger Hunt. January’s hunt brought in 54 players, a record high. We are continuing in February talking about taxes. The questions range from how to save money with credits, where our local IRS offices are, tax tips courtesy of Pine Tree Legal and where all the free tax prep locations are in our community thanks to AARP and CA$H Maine. We encourage everyone to play by visiting: http://www.curtislibrary.com/making-it-in-maine-beta/scavenger-hunt/ . Just this morning a new prize was added! Winners can now select a $100 credit through Whatley Farm’s Market-Debit CSA program! The $100 prize will get your $105 to spend at their market stands.

Don’t let the title of the February Curtis Money Meet Up throw you, The Single Woman’s Guide to Retirement has something for everyone regardless of how you identify. If you’re one of the 25 million single women (OR MEN!) over the age of 45 living in the United States today, AARP’s The Single Woman’s Guide to Retirement is your new best friend. Walking you through the challenges of retired or pre-retired life, from managing your finances to staying healthy in body, mind, and spirit, dealing with divorce, and even looking for love or work, the book covers the issues that really matter to you. Join us in the Seminar Room either Wednesday February, 24 at 6:30pm OR Friday, February 26 at 12pm as we discuss how to get the most out of retirement.

February is a month of love and it seems fitting that we are bringing you an exciting opportunity to participate in Yours, Mine and Ours: Money and Relationships on Monday, February 29 at 6pm. Join us for a discussion in the Morrell Meeting Room with Jane Honeck CPA, PFS. She will help us find and appreciate the financial strengths our partner brings to the relationship rather than focusing only on the problems that can evolve using a very simple (and fun!) assessment tool that helps couples open the financial conversation in a positive way. Couples and individuals are encouraged to join as we seek to better understand our relationship with money.

We are particularly excited to be programming in Harspwell thanks to the expertise and partnership with New Ventures. Join us on Monday, February 22 from 5:30pm – 7:30pm at the Harpswell Town Office ( 263 Mountain Road) for Tax Prep for the Self-Employed presented by Jenn Debransky, Microenterprise Specialist at New Ventures Maine. This program is sponsored by the Town of Harpswell, the Harpswell Business Association, New Ventures Maine and Curtis Library.

We are excited to continue programming off site. In February we will be discussing The Single Woman’s Guide to Retirement at both Pejepscott Village as well as Brunswick Housing Authority Woodlawn Towers. Brunswick Housing Authority family community Perryman Village will  being having fun (all while learning about money) at a game night!

Free Tax Preparation

Sunday, January 31st, 2016

taxes-412-274

Taxes, like death, are apparently the only thing we can count on in life! It is an overwhelming process but we are here to help. Great organizations such as CA$H Maine and AARP are bringing free tax preparation services to our community. Those meeting the income requirements can have their 2015 taxes completed by trained volunteers at numerous locations throughout the Mid-Coast and the state. For more information about CA$H Maine locations, click here. For more information about AARP Tax Aide locations, click here. Below are local sites bringing you free tax preparation services!

  • Curtis Memorial Library (Brunswick): AARP is offering tax prep on the second floor of the library by appointment only Mondays from 10:30am – 2pm, Wednesdays 3:30pm – 7pm and Friday 12:30pm – 4pm. Call the reference desk to schedule an appointment 725-5242
  • PeoplePlus (Brunswick): AARP is offering tax prep at this community center Tuesdays 8:30am – 12pm and Thursdays 1pm – 4:30pm. Call 729-0757 for more information.
  • Topsham Public Library (Topsham): AARP is offering tax prep at our neighbors to the east on Thursdays from 9am – 12:30pm. Call 725-1727 for more information.
  • Patten Free Library (Bath): AARP is offering tax prep in Bath on Wednesdays from 10am – 3pm and Thursday from 10am – 7:30pm. Call 443-5141 for more information.
  • Bowdoin College (Brunswick): CA$H Maine is offering tax prep at Bowdoin College on Saturdays. Call 207-844-3702 for times and to schedule an appointment.
  • University College Bath Brunswick (Brunswick): CA$H Maine is offering tax prep at University College on the base on Tuesdays in March and April. Call 207-844-3702 for times and to schedule an appointment.
  • Bath Housing (Bath): CA$H Maine is offering tax prep at Bath Housing on Saturday February 13 and 20 and Thursday February 11 and 25.  Call 207-844-3702 for times and to schedule an appointment.
  • Mobius (Damariscotta): CA$H Maine is offering tax prep at Mobius in Damariscotta on Thursday, February 18. Call 207-844-3702 for times and to schedule an appointment.
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