>> YOU CAN SAVE MONEY BY GETTING

RETURNS PREPARED FOR FREE.

EDDIE ARRUZA IS HERE

WITH

INFORMATION ON ALL OF

THAT.

EDDIE.

>> THERE MAY BE ANY

NUMBER OF

RONES WHY FOLKS

PROCRASTINATE

UNTIL THE LAST MANHUNT TO DO

THEIR

TAXES

BUT CERTAINLY

THROUGH GOING

CALCULATIONS ARE

THINGS THAT PEOPLE OUTSIDE OF

THE

OFTHE

ACCOUNTING

WORLD DON'T

RELISH BUT IF YOU'RE A

LOW

INCOME CHICAGO RENT

YOU CAN HAVE

RETURNS PREPARED FOR

FREE.

FOR 20 YEARS THE ORGANIZATIONS

LADDER UP HAS

SET UP SHOP ALL

AROUND THE

CHICAGO AREA AND

THEY'RE AT IT THIS YEAR.

THEY HAVE EXPANDED

HOURS.

IF YOU ARE A

FAMILY THAT EARNS

UP TO $50,000

A YEAR OR AN

INDIVIDUAL

MAKING

UP TO $25,000

A YEAR,

LADDER UP WILL

DO YOUR

TAX RETURNS FOR FREE AND

HERE

ARE A COUPLE OF TIPS

THEY OFFER

TO ANYONE WHO HAS YET TO DO

THEIR

RETURNS.

>> THERE ARE CERTAIN CREDITS OUT

THERE FOR CERTAIN TYPES OF

EXPENSES, CHILD AND INDEPENDENT

CARE, WE KNOW A LOT OF OUR

FAMILIES

MAY HAVE TO

PAY SOMEONE

TO WATCH THEIR CHILDREN AND YOU

MAY BE ABLE TO GET A CREDIT FOR

THE MONEY

YOU SPEND ON

BEHINDCARE.

ANOTHER IS COLLEGE SPENDS.

IF YOU'RE PAYING

TO PUT

YOURSELF

OR

A RELATIVE THROUGH

COLLEGE,

BRING US THE

RESETS SO WE CAN

SEE IF

YOU'RE

ELIGIBLE.

ANOTHER THING THAT

WAS

A

CONVENIENT CHANGE WAS AN INCOME

TAX CREDIT.

ONE OF

THE BIGGEST PROPERTY

TAXES IN MERGE BEING A CHANGE

THAT IF YOU HAVE THREE OR

MORE

QUALIFYING CHILDREN

YOU'RE

ELIGIBLE FOR A HIGHER

CREDIT

AMOUNT.

YOU DIDN'T DISTINGUISH BETWEEN

TWO OR MORE OR

GREATER AND

THAT'S A SLIGHT

CHANGE AND THAT

MAKES A DIFFERENCE

MONETARILY.

>> I UNDERSTAND LADDER UP IS NOT

THE ONLY ORGANIZATION

OFFERING

FREE HELP AND THERE'S ANOTHER

ORGANIZATION CALLED THE

CENTER

FOR COMMISSION PROGRESS.

THEY'RE ARE

NON--FOR-PROFIT AS

WELL AND THEY

OFFER FREE

TAX

HELP ALSO THROUGHOUT THE CHICAGO

AREA AND WE HAVE POSTED

THAT

INFORMATION ON OUR

WEBSITE.

A

REPRESENTATIVE FROM THE

CENTER

FOR

OF

COMMISSION PROGRESS HAD

SOMETHING TO

SAY.

>> IF YOU

APPLIED AND GOT A

TAX

CREDIT, YOU WILL GET A

FORM IN

THE MAIL, A TAX

FORM,

SPECIFICALLY FOR THAT TAX

CREDIT, KEEP IT.

BRING IT TO YOUR

TAX

PREPARER

IN

2015.

IT'S VERY IMPORTANT.

IT WILL BE A LITTLE

CONFUSING

BECAUSE IT'S A BRAND NEW FORM,

SOMETHING YOU WON'T

EXPECT BUT

IT'S DEFINITELY SOMETHING YOU

HAVE TO FILE.

YOU WILL ALSO SEE THAT AFFECTED

FOR THE FOLKS WHO DIDN'T

SIGN UP

FOR INSURANCE.

YOU WILL GET

A PENALTY FEE TO

SHOW UP IN YOUR TAX

RETURN OR IN

YOUR TAX FORMS NEXT

YEAR, 2015.

>> ANY OF OTHER TIPS TO

OFFER?

>> AS YOU KNOW,

I'M NOT A

TAX

PROFESSIONAL BUT

YOU

DON'T --

>> YOU DON'T EVEN PLAY ONE ON

TV.

>> EXCEPT FOR TONIGHT BUT WHEN

YOU SEARCH ONLINE THERE ARE MANY

PAGES THAT COME UP WITH A

LOT

OF

TIPS BUT SOME THAT HAVE THE SAME

TIP OVER AND OVER.

HERE

ARE A

FEW.

CHECK EVERYTHING TWICE.

THE THREE COMMON MISTAKES ARE

MATH ERRORS WITH A

CALCULATOR OR

TAX SOFTWARE.

INCORRECTLY WRITTEN SOCIAL

SECURITY NUMBERS AND

FAILURE TO

SIGN OR DATE THE FORM.

IF YOU HAVE A

REFORM HAVE IT

DIRECTLY DEPOSITED TO YOUR

BANK.

BY DOING THAT YOU CAN

EXPECT

YOUR CHECK IN LESS THAN THREE

WEEKS VERSUS THE SIX TO

EIGHT

WEEKS BY WAITING FOR IT TO COME

IN THE MAIL.

FINALLY, MAXIMIZE

YOUR

DEDUCTIONS.

THERE ARE A LOT OF DEDUCTIONS

OUT THERE BUT SOME OF THE MORE

COMMON ONES ARE

MOVING

EXPENSE

DEDUCTIONS, IF YOU MOVED AND

PAID, CHARITABLE

CONTRIBUTIONS

ARE DEDUCTIBLE BUT YOU NEED

RECEIPTS FROM THE ORGANIZATION

YOU

DONATED.

A LOT OF

PEOPLE FORGET AUTOMATIC

TO DEDUCTIONS FOR

CHARITABLE

DEDUCTIONS MAY BE DEDUCTIBLE.

AND IF YOU

BOUGHT IS

NEW

HOME

AND PAID POINTS

OR

LOAN ORIGINAL

NATION

ORGANIZENATION

ORIGINALNATION

FREEZES WITH CAN

DEDUCT

THAT AND WE'LL GUIDE YOU

THROUGH

THAT AND

THERE

IS TAX

PREPARATION

WEBSITES.

>> I IMAGINE THEIR BUSY.

>> ON OUR

WEBSITE YOU

CAN FIND

A

LINK FOR TAX

ASSISTANCE FOR LOW

INCOME FAMILIES.

RIGHT BA