IRS Announces 2011 Tax Changes
It’s time to start preparing to file your 2010 tax return and there are some important changes we thought you should know about.
- Tax payers will have until Monday, April 18, 2011 to file their 2010 tax return, due to Emancipation Day (a holiday recognized in Washington D.C.) which falls on April 15, the preceding Friday
- Although most can begin to file starting on January 1, some tax payers will need to wait until mid to late February in order to allow the IRS time to reprogram their processing statements. Those that must wait include:
- Taxpayers claiming itemized deductions on Schedule A
- Taxpayers claiming the higher education tuition and fees deduction
- Taxpayers claiming the educator expense deduction
For more information on these changes, seeking assistance and checking your refund, visit irs.gov
Discounted Tax Services
Lake Trust makes tax time a little easier with free or discounted tax preparation software.
“Just file it! We’ll help.”
This is the Michigan Credit Union League’s name for I-CAN! E-FILE created by Legal Aid Society of Orange County. Through “Just file it! We’ll help.”, free state and federal tax preparation for any credit union member is provided. Exceptions and details can be found on the “Just file it! We’ll help.” website.
TurboTax®
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For fast, secure refunds use Direct Deposit. All you need is the Lake Trust routing number. It’s important that you use the correct routing number, which is listed below by the region of branch that you use:
- Southeast Michigan, Livingston & Washtenaw Area: 272078268
- West Michigan, Lansing Area & Mt. Pleasant: 272482265