Thursday, February 5, 2009

Are you eligable for free tax preparation?

Free Tax Prep for Qualifying Taxpayers
Low and moderate income consumers can get their taxes prepared for free at Volunteer Income Tax Assistance (VITA) sites. Generally, people making less than $42,000 per year are eligible. These sites, sponsored by the IRS, won’t pressure customers to get RALs (refund anticipation loans that charge as mach as 48% interest), and they don’t charge fees for tax preparation. Consumers can locate their nearest VITA site by calling the IRS at 1-800-829-1040.

Senior citizens and military personnel can also get free tax preparation help. For more information, visit the IRS website.

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