With tax season quickly approaching, deciding who will prepare your taxes is something you should think about. For the lower income bracket, finding an affordable and reliable tax preparer can be a challenge.
For qualifying taxpayers, free tax preparation services through the Volunteer Income Tax Assistance (VITA) program is available to most individuals and families earning less than $51,000 in 2012. IRS Certified volunteers are trained to prepare your taxes for free as well as recognize when valuable credits are available to you. The program will provide you with professional tax preparation for your 2012 federal, state and local tax returns at no cost to you.
You qualify for the VITA program for 2012 tax preparation if:
• Your total household income was $51,000 or less.
• You do not receive active military pay.
• You are not a practicing clergy person.
• You did not have farm income.
• You did not have rental property income.
• You did not own a business.
• You did not have income from trading stocks or bonds.
For more information on the VITA program, call 1-800-906-9887 or visit irs.treasury.gov/freetaxprep to find a VITA provider near you.
This article was written by Kelly Potts. It was published in Founders FCU Transaction Newletter (January 2013).