Free Tax Preparation is Available for incomes under $62,000

Last Updated on January 27, 2016 by cassnetwork

Volunteers trained and certified by the IRS are launching free tax preparation sites throughout Indiana. These Volunteer Income Tax Assistance (VITA) and AARP Tax-Aide sites completed approximately 40,000 tax returns and helped return millions of the $1.3 billion returned to 558,000 Hoosiers and local communities.

January 29 marks EITC Awareness Day, where government, community- and faith-based organizations around the country raise awareness about the Earned Income Tax Credit (EITC). The Earned Income Tax Credit, or EITC, helps lower-wage working families keep more of what they earn. Research finds that the EITC encourages work, reduces poverty and leads to long-term gains in child health and academic success. Congress voted and the President signed preservation of the EITC in the Protecting Americans from Tax Hikes Act (aka the PATH Act) in December.

If a single earned less than $14,800 or if a family of five earned less than $53,200 in 2015, they may qualify for a refundable EITC. Low income seniors may qualify for the Tax Credit for the Elderly.

Call 2-1-1 to find a free tax prep site near you or search online. Most sites require appointments, and a few offer walk-in service. Over three million taxpayers each year trust filing their returns through IRS-approved free tax prep sites.

(In Logansport, Area Five Agency on Aging at 1801 Smith Street is a walk-in drop off location. Hours are Tuesday, Wednesday and Thursday from 9 a.m. to 3 p.m. January 28 through April 7, 2016.)

SOURCE: News release from Indiana Association of United Ways

(EDITOR’S NOTE: The flyer we received stated that this was for incomes $60,000 or less but indicates that the income limit is $62,000.)