With the average American giving 29 percent of his or her income back in taxes, everyone wants to earn back every cent possible, and folks can get help without paying for a pricey financial consultant.
The Volunteer In Tax Assistance (VITA) program provides free tax assistance to low and moderate income people. They set a limit which corresponds to the highest income a person can earn and still earn the income tax credit. That means the maximum income is about $51,000, assuming a joint-filing couple with three children.
“We don’t do horribly complicated taxes,” United Way VITA volunteer Teresa Marcy says. “The IRS sets pretty strict limits on what we can do.”
Marcy say they can handle incomes for most “normal” incomes, whether retirement or otherwise. She says they’re being allowed to take on more complicated cases each year.
“I think they realize that we follow the rules and do a good job,” she says.
Find more information here.