Top 5 IRS Tax Relief Programs
Get a Free Consultation by one of our Tax Professionals
Click Here To Get Started
Could you be eligible for relief from tax liabilities or relief from tax increases with a tax relief program?
The amount of tax you pay each year differs from person-to-person. Depending on your unique situation, different federal tax relief measures can be put into place to secure a reduction on payments owed, offering relief from a calendar year or a percentage of the combined tax, penalties and interest you owe reduced.
The administration of five statutory relief programs presents plenty of options. We will go over some of the relief programs available below.
Great company, saved me thousands on my back taxes with the IRS & now I can sleep at nights.These guys are my saving grace. Thanks Again
-Nicholas Jones - 08/04/2020
Could not recommend Clean Slate Tax more for my tax relief! Highly knowledgeable and professional. They helped in a very difficult situation and handled it perfectly. Fees are reasonable and totally worth it.
-Julie Mccarthy - 08/03/2020
Clean Slate Tax saved me over $100,000! Not only that, they released a levy on my bank account. This company was worth every penny! I would suggest using them. Their professionalism, personal touch, availability and communication were remarkable. USE THEM!
-Josefina Mason - 08/01/2020
Joe is the absolute BEST!! He is very knowledgeable, helpful, compassionate, friendly, and very easy to talk to. Everyone at Clean Slate that I talked to was so understanding and nice. They made me feel comfortable sharing very private financial issues that I have a hard time talking about. They were very patient with me paying them for their services. I could not have asked for a better company! (...)
-Julie Hebert - 07/05/2020
From the first contact with Clean Slate to my final day EVERYTHING was transparent, professional and incredibly friendly, straight forward and honest.
No false promises and they kept us in the loop all the time. They promised no more than they could deliver and delivered everything they set out to do.
A pay garnishment and HUGE tax burden was lifted and settled, as they had originally planned.
-R Perreault - 02/05/2020
I’m sure that the good folks at Clean Slate had heard it before....but for me, it was true....it was an accident. That I didn’t file tax returns for 5 years. 2 family members, the 2 I loved the most, and the longest, passed within a year of each other, and it broke me. For the next 4 years. Every time I sat to do my returns, my mind went dead. And along the way, I had been hearing so many ads, “Got a tax problem? Call us”(...)
-Bernadette Spade - 12/10/2019
Tax relief analysis
There are a variety of tax relief programs, which is why you need an expert who has the experience to assess a person’s federal income and give you leading advice on the best types of tax relief. They will know about the different caps, returns, events, programs, and more.
From information on disaster relief and GSST returns to problems with received tax relief; they cover it all.
A tax relief company offers several programs to reduce tax. Examples include energy tax breaks, relief for disabled veterans, relief for all employers at a business relief on your primary residence, land of personal property relief, reducing personal property tax on one vehicle, and much more.
A combination of tax breaks can be used, compiling a bespoke tax relief program for you. They may put together a system of three programs in which the tax is levied and you pay less or nothing for the deferral period.
1. Programs for seniors
Programs to seniors provide relief for seniors and people with monetary issues in retirement. These are subject to assessment regarding the year for which relief is sought.
Several programs to help are available should you owe any tax or need relief programs for future tax.
Levels of relief depend on circumstances. The main options are individual retirement agreements and social security and railroad retirement benefits. Details of these two programs are on the IRS site.
2. Homeowners’ tax-relief programs
There are several programs in place offering relief to resident property owners and relief on the land they own. When it comes to applications through the property you own, where it is situated will play a role.
There are two programs under the Municipal Act. This includes programs for senior citizens. The relief to seniors enables municipalities to enact a relief for elderly homeowners to keep their properties. Relief in the form of senior citizen tax deferral has income and age thresholds.
There is also Municipal Property Tax Assistance for property tax relief, enabling municipalities to enact an ordinance to provide benefits to resident homeowners. Relief from both programs can be significant.
3. Education benefits is a form of tax relief
If you enroll in post-secondary education programs, tax deductions and credits can help.
You should also look at what is required under qualified apprenticeship programs. Institutions offer programs to their students to cover education expenses.
Relief for education and information about the individual programs is accessible via the Government website.
Relief programs for students and criteria to qualify for tax relief help depends on circumstances. The advantage of this meaningful tax relief is that it helps people to afford further education.
4. Relief is available for property tax
Claimants of the property relief assistance will be pleased to hear they may still be eligible for a reduction in property tax. There is property tax relief programs for the permanent residence of qualified homeowners. You can also find relief to specific landowners, solutions for tax relief for renters, and more.
Periods have been extended for tax relief programs, with an assessment of a relief on a year-to-year basis, including a review of the limit for households eligible for relief and deferral.
A system of three programs has been extended relating to property tax.
If you were exempt from income of discharges of qualified principal residence indebtedness, this relief program has been extended. The property tax relief program for itemized deduction for mortgage insurance premiums has been extended too, as have residential energy credits.
Lower property tax / rent rebate could be an option too. If the use changes for the home for which relief is applied, this must be reported.
5. Relief via an IRS payment plan
You may be worried about a penalty on any tax owed. There is a choice of two programs. A short-term payment plan obtained from the IRS, of up to 120 days, could be an option if you cannot pay your taxes now. An Offer in Compromise is the other. You can also contact the IRS requesting participation in the programs that were mentioned. Details on this relief and others are available on the IRS website.
Making savings and income from these programs
So there you have it: insight into programs aimed at providing relief to people in different situations. If you need the programs explained in further depth, or you need to know more about households eligible for relief and deferral, you should consult with an expert tax relief company to ensure the best returns for you.
They can help in any manner suitable to you, for example, help you know about the many disaster relief programs, determine whether you are eligible for income tax, provide a list for tax work-off programs, and more.