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Tax Time Again!

Tax Time

Free Tax Help!

Trained and IRS-certified volunteers will be at Valley Isle Community Federal Credit Union to help eligible taxpayers file their federal and state returns for free!

Kahului
160 Paahana St
Saturday, Feb 11th, 9am-3pm

Lahaina
Keawe Business Center
34 Kupuohi #102
Saturday, February 25th, 9am-3p m

Both sites are walk-ins only. Last appointment at 2:00pm. Call 2-1-1 or visit www.hawaiitaxhelp.org for more information.

Good news for procrastinators! Because of the weekend, there are two extra days to file taxes in 2012. You must submit your 2011 tax forms electronically or have them postmarked by Tuesday, April 17, 2012. But even if you wait until the last moment to file your taxes, there are three things you can do right now to lessen the stress.

  1. Get a set of folders or large envelopes and label them for your various tax documents. As you receive tax information from your employer, the credit union and any other financial institutions, any investments you hold and so on, place them in the appropriate folder.
  2. Make a folder for possible tax deductions as well. Go through your year's receipts and pull out those related to real estate taxes, charitable donations, medical expenses, etc., and place them in the folder. Dig out your 2010 return to help you remember what you claimed previously.
  3. If you are eligible, contribute to your Individual Retirement Account. You have until tax day to do so, but the sooner the better. Because the interest is accumulating tax free, you will want to maximize the time you have your money tucked away for retirement.

Once you have the information compiled, you can either provide it to your tax preparer or do it yourself. You may find that having taken the time to get organized, filing is the easy part!

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