WITHIN SCOPE — what we CAN do for you
AARP Tax-Aide volunteer counselors are trained to assist in preparing basic tax returns. Please check the list below before calling for your appointment:
FORMS/ SITUATIONS:
- Wages, Retirement income, Social Security benefits
- 1040 returns with Schedules A, B, and D (Itemized Deductions, Interest and Ordinary Dividends, and Capital Gains and Losses)
- Self-Employment Schedule C (Profit and Loss from Business) within limits (sole proprietor, expenses do not exceed $35,000, no employees, no inventory, net profit only/no losses, no depreciation, etc.)
- Earned Income Credit and EIC Worksheets
- Estimated tax payments
- Child and Dependent Care expenses
- Repayment of First Time Home Buyer Credit
- Charitable cash contributions
- Non-cash contributions to charity exceeding $500 but less than $5000
- Nondeductible IRA contributions or distributions (not in scope for Roth distributions)
- Credit for Qualified Retirement Savings Contributions
- Additional Child Tax Credit
- Education credits and expenses
- Sale and other Dispositions of Capital Assets (in scope for most situations reported on a brokerage statement 1099-B)
- Installment Agreement Request if full amount owed to IRS cannot be paid
- Injured Spouse Allocation form to release a joint return refund from a past due obligation
- Schedule K-1 that provides information only for interest, dividends, capital gain distributions, and royalties (Schedule B, D, E)
- Cancellation of nonbusiness credit card debt
- Health Savings Accounts (scope limited) *
- Reconciliation of Healthcare Premium Tax Credit
- Amended Returns (1040X) ( Years 2020, 2021, 2022 only)*
- Maryland State tax returns
- Digital Assets (Limited Scope): In scope only if Digital Asset:
- Was only held in a wallet or account
- Was transfered between accounts/ wallets that you own
- Was purchased in 2023 using real currency
- Was received as an inheritance or gift
- Note that all other actions with Digital Assets are OUT of SCOPE
* As time permits and, on a case-by-case basis. District Coordinator only.