In this nationally recognized program, the volunteers assisting low income taxpayers to prepare and e-file their tax returns free. The volunteers are trained & certified by IRS.
Five good reasons ...
5. You will give something back to the community.
4. You will help to increase the tax law compliance in the community - taxpayers paying their fair share of taxes (not a dollar more or less than they are obligate to pay).
3. Saves taxpayers some money (~ $100 to $200, see below for an example) on getting their tax returns done.
2. Helps low income taxpayers to avoid the Refund Anticipation Loan which many people considered as a form of predatory lending. CASH program does not offer any RAL.
1. You could also get your own (federal and state) returns done for free!
Here is an example for a single mother (with a child and a W-2) getting her tax returns done at H.
| Form 1040A | $59 |
| Form W-2 | $2.25 |
| Dependent | $10.75 |
| Head of Household Filing Status | $10.75 |
| Head of Household Worksheet | $5 |
| Child Tax Credit Worksheet | $30.75 |
| Form 8812 Child Tax Credit | $11 |
| EIC | $17.50 |
| EIC Worksheet | $3 |
| 8867 EIC Checklist | $2.75 |
| Phone Excise Tax | $3 |
| State Return | $28.50 |
| Total Fees | $184.25 |
No comments:
Post a Comment