Make a Difference for Generations to Come

Make a Difference for Generations to Come

Ways You Can Give to Make a Difference

Planned Giving

About Bequests

You may be looking for a way to make a significant gift to help further our mission. A bequest is a gift made through your will or trust. It is one of the most popular and flexible ways that you can support our cause.

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IRA Charitable Rollover

An IRA rollover allows people age 70 1/2 and older to reduce their taxable income by making a gift directly from their IRA.

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Beneficiary Designations

A beneficiary designation gift is a simple and affordable way to make a gift to support our cause. You can designate our organization as a beneficiary of a retirement, investment or bank account or your life insurance policy.

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Charitable Gift Annuities

A charitable gift annuity is a great way you can make a gift to our organization and benefit. You transfer your cash or property to our organization and we promise to make fixed payments to you for life at a rate based on your age.

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Donor Stories

Learn how others have made an impact through their acts of giving to our organization and others. Explore the many benefits of charitable gift planning.

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Gift Options

SeniorServ Volunteer

Find out What to Give and learn about the best assets to make a planned gift. Learn about gifts of cash, securities and property. Learn How to Give and discover gift options that provide tax and income benefits. Discover the best planned gift to meet your goals.

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Tuesday April 13, 2021

Washington News

Washington Hotline

30% Fewer Tax Returns by February 19

The IRS reported that delaying the opening of the 2021 tax return filing season has reduced the number of filed and processed tax returns. For the first week of the filing season, the IRS received 30% fewer returns compared to the same date for the 2020 season. However, the prior season had 26 filing days by February 19, 2020.

As of February 19, 2021, the IRS had received 34.7 million returns and had processed 29.8 million returns. This was well behind the previous year total, due to the shorter filing period. On February 19 of last year, the IRS had processed 48 million returns.

This delay in receiving and processing returns prompted a letter from the House Ways and Means Committee Chair Richard Neal (D-MA) and Rep. Bill Pascrell, Jr. (D-NJ). The letter to IRS Commissioner Charles Rettig noted that only 25% of taxpayer phone calls were being answered. Neal and Pascrell encouraged Rettig to add phone support staff to help increase the number of returns.

Both the number and value of refunds are also down. The dollar value of issued refunds is $48 billion this year, compared with $117 billion on the same date last year.

To encourage prompt filing, the IRS published IR-2021-44 to remind taxpayers there is help through IRS.gov and free tax assistance services.

The IRS Free File program is available to taxpayers with incomes of $72,000 or less. Taxpayers with higher incomes have access to the Free File Fillable Forms. These are electronic versions of the IRS paper forms.

The Free File program is easy to use and enables taxpayers to receive a prompt refund. The IRS issues 9 of 10 refunds in 21 days if the return is filed electronically.

Free File and e-filing also enable taxpayers to make convenient payments. They can pay without fee through an electronic fund withdrawal from their bank account or use Direct Pay.

Members of the armed services can use MilTax to electronically file a federal return. The Department of Defense also provides Military OneSource to assist members of the armed forces. Information on One Source is available at MilitaryOneSource.mil.

The Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) programs provide free help for taxpayers. VITA is available to individuals with incomes of $57,000 or less, persons with disabilities, the elderly and those with limited English proficiency. TCE is available for seniors who are age 60 and older. Last year, over 2.5 million federal tax returns were completed through these programs.

With the COVID-19 pandemic, many volunteers also offer virtual help to taxpayers. The IRS-certified VITA and TCE volunteers can use phone and virtual calls to help taxpayers claim credits such as the Earned Income Tax Credit and the Child Tax Credit.

Taxpayers are reminded that their Economic Impact Payments (EIPs) are not taxable. If you are eligible for an EIP and did not receive the appropriate amount, you may claim the Recovery Rebate Credit on your 2020 tax return.

To find a VITA or TCE site, log on to IRS.gov and use the VITA or TCE Locator Tool.

Published February 26, 2021
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Previous Articles

Flexible Spending Account Options for 2021

Avoid "Ghost" Tax Return Preparers

Earned Income Tax Credit Awareness Day

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IRS Tax Filing Season Starts February 12

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