How Does Volunteer Income Tax Assistance (VITA) work?
Volunteer Income Tax Assistance (VITA) is a program of the IRS. VITA sites offer income tax preparation help free of charge for people who generally make less than $56,000 annually, people with disabilities, and those with difficulty speaking English. The program is also offered on military installations. The offices are run by volunteers who have…
Read MoreHow Can People on Government Assistance Save for Retirement?
“Where are the best places for people on state assistance to start saving for retirement? I’m looking for something with low starting balances and low monthly transfers to the account. Do you recommend any financial companies, savings accounts, government-issue bonds, stock market?? I am so confused!” Submitted by Jessica L. I want to acknowledge your…
Read MoreWhat is the Earned Income Tax Credit (EITC)?
Hi, I’m Dirk. I’m a tax expert with Intuit’s TurboTax and I’m here today to talk to you about the Earned Income Tax Credit. What is the Earned Income Tax Credit? It’s a tax credit available for those who are low- and moderate-income families and the benefit varies depending on whether you have children or not. If you’re…
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