Students and faculty members from the Malone University School of Business and Leadership are once again taking part in the IRS’s Volunteer Income Tax Assistance (VITA) program. Malone University students have completed training and are preparing returns through April 15th at a number of VITA sites across the county.
As trained community volunteers, the students will help low income individuals with special credits, such as Earned Income Tax Credit, Child Tax Credit, and Credit for the Elderly. In addition to free tax return preparation assistance; free electronic filing (e-filing) will also be offered. Individuals taking advantage of the e-file program will receive their refunds in half the time compared to returns filed on paper.
The VITA program offers free tax help to low- to moderate-income (generally, $42,000 and below) people who cannot prepare their own tax returns. Interested persons should contact VITA headquarters at 330-455-2811.
Students participating in the program include members from the Students in Free Enterprise Team (SIFE), Institute of Management Accounts (IMA), and Financial Management Association (FMA).