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(generally, $48,000 and below) people who need someone to prepare their taxes. VITA also provides financial counseling to help you put your tax return to good use.Certified volunteers will prepare your taxes at no charge and most locations also offer free electronic filing. Many filers find that they are eligible for an Earned Income Tax Credit, which provides even more money in your tax return.
What you don't know can cost you!
An important tip to know if you use a paid tax preparer is to avoid "rapid refund loans". Rapid refund loans have very high interest rates and you can end up paying a lot of money for very little benefit.
When your income tax return is electronically filed and directly deposited into a checking or savings account, you receive your refund in 7 - 10 days. So, why pay someone hundreds of dollars to give you your own money just a few days earlier?
What do I need for free tax help?
VITA sites opened in mid-January and closed on April 15 at locations throughout Berkeley, Charleston and Dorchester counties.
Until tax time, below are some important pointers on what to keep and record throughout the year and bring when having your taxes prepared:
For more information, call Trident Urban League at 965-4037
To volunteer to help others prepare their taxes, click here.