Lost hair and lost sleep are only part of the reality for personal accounts as new tax laws come out of Congress and get signed by the President each year. Those brave enough to take a stab at filing this paperwork themselves might find themselves not only simply oblivious to all the new taxes changes, but how those changes might benefit them. Learning exactly what these changes are or spending for that personal tax assistant might cost a few dollars, but might be the soundest investment you make.

Because April 15 is Emancipation Day in Washington D.C., the IRS extended the tax deadline to April 18. The IRS as stated that some Americans might have to wait until possibly last minute to file their taxes this year, since an important change focused on itemized deductions, specifically relating to sales tax, tuition and fees, and included important educator expenses took place late last year as the federal government didn’t pass some tax codes until after the IRS was forced to make hundreds of thousands of new pamphlets for consumers. The IRS has stated they are trying to resolve the issue and work is underway to reprogram computers, but more news will be out in a few weeks regarding this delay.

Pre-printed tax forms will not be sent to anyone this year. While the federal government is attempting to make changes, many libraries and post offices will carry a limited number to supply filers (it is notable, however, not all libraries may have them, so be sure to contact them prior to going to going to see if they have what you need). Assistance for those who made $49,000 a year or less will continue, and can be found by calling 1-800-906-9887. This free service is provided by the government, and is staffed by a IRS certified volunteer.

Many pieces to the economic recovery act include credits for single or married Americans, several of which went unclaimed last year. New and old homeowners might be eligible for credits, ranging anywhere from $6,500 to $8,000, and those who added green-friendly improvements to their homes may be able to write off up to $1,500. A wide variety of credits might benefit tax filers, thus knowing what is available in its entirety might benefit the filer by hundreds or possibly thousands of dollars.

Those who aren’t required by federal or state law to file their taxes with the IRS, because they made too little, may benefit the most. Several credits have been put in place to help to assist those who need the money the most, and by filling out a simple 1040ez form, you might be eligible for money you didn’t think you had. Regardless of whether you have to file or not, or what to claim or not, knowing may certainly be worth a lost nights sleep.

If you are facing an IRS audit or have other tax problems, contact the experts at Guardian Tax Resolutions today by visiting GuardianTaxResolutions.com for a free consultation and quote.