News 12 @ 11 o'clock -- January 27, 2009
NORTH AUGUSTA, S.C. --- The phone has been ringing off the hook at Richard Marshall's North Augusta office. They're mostly calls from people wanting to get their tax money back -- fast.
"It seems like people really want to file to get back their refunds. They're even asking if they could file their check stubs because they didn't have their W-2s yet, but we can't do that because the IRS doesn't allow it," said Richard Marshall of North Augusta's Rhodes-Murphy.
But even in today's economy, Richard says there's still away to get you money back fast with a little more added. This year, the IRS is offering a $7500 tax credit for new home buyers.
"It's an interest free credit they can get on their return and it's payable over the next 15 years," said Richard. They're also giving a real estate credit for people who haven't itemized in the past, they can claim it on their standard deduction. These two credits have been helpful for our clients."
And that's not all. There's even another tax-free stimulus credit like last year for those who qualify.
Sarah Rouse says, "We need as many tax breaks as we can get."
She says she usually files her taxes early, but this year, she's filing early because of the down-turned economy.
"I just see myself in a little bit of a financial bind this year. I'm forced to file to pay some bills and stuff off," said Sarah.
Richard says with more people in Sarah's situation, he's already seeing a change in how his clients are filing.
"The people who've mailed in the past, they're more interested in the direct deposit. They want the quickest, easiest route to get the money back to them," said Richard.
And with more people looking to get their money back now, that just may be true.
H&R Block say they've also seen an increase in people filing early before the peak tax season.
People who may qualify for this year's stimulus check: Have seen their taxable income increase, added a dependent and parents who've claimed a dependent one year and not the next.
For complete details, you'll need to check with your tax preparer.