- Days left
One way for low income taxpayers to get help with preparing and filing their federal income tax returns is through the Volunteer Income Tax Assistance program. The organizations participating in the VITA program solicit qualified tax preparers to volunteer to provide services to taxpayers. The services are available to individuals and families with income under $42,000.

VITA was created in 1969, and plays an important role for low income and elderly people. So far this year, VITA volunteers have helped prepare and file over 3 million tax returns. The income tax code is incredibly complex, and even for taxpayers with so-called "simple" tax returns, the process can seem daunting. Certain items like the child credit and earned income credit, both of which many low income taxpayers qualify for, can be confusing and require the help of a professional.

The Internal Revenue Service has just awarded $8 million in grants to organizations participating in the VITA system, so the help available to consumers will be expanded. To locate the VITA sites in your state, call 1-800-829-1040.

Tracy L. Coenen, CPA, MBA, CFE performs fraud examinations and financial investigations for her company Sequence Inc. Forensic Accounting, and is the author of Essentials of Corporate Fraud.

Increase your money and finance knowledge from home

Banking Services 101

Understand your bank's services, and how to get the most from them

View Course »

How to Buy a Car

How to get the best deal and buy a car with confidence.

View Course »

TurboTax Articles

Taxes and Reducing Debt

By allowing deductions for certain kinds of interest, Congress is happy to help subsidize your debt. Be sure to accept these invitations to save yourself money.

Top 10 Oddball Tax Deductions

TurboTax helps you find every deduction and credit you deserve to help you get your maximum tax refund. But just for fun, we've uncovered what we think are the weirdest deductions allowed, from pet food to free beer to (we're not kidding) a girlfriend.

IRS Publications

The IRS wants you to file your tax return. That's why it has guides to help you with nearly every tax situation. Find the IRS publication that covers your particular situation.

Taxes and Moving to a New State

If you are considering moving to another state, you might want to consider states that do not have state income tax: Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming. Before you move, learn more about other income tax considerations, such as how your current state of residence would tax your retirement income.

Estimated Taxes: Common Questions

If you are an employee, your employer withholds income taxes from each paycheck. Usually, that's enough to take care of your income tax obligations. But if you are self-employed or make money on your investments or rental property, you may need to make estimated tax payments every quarter, rather than wait until you file your annual tax return. Here's how estimated taxes work.

Add a Comment

*0 / 3000 Character Maximum