VITA: Volunteer Income Tax Assistance · • Introduction to VITA • Basic Tax Preparation Part 1...
Transcript of VITA: Volunteer Income Tax Assistance · • Introduction to VITA • Basic Tax Preparation Part 1...
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VITA: Volunteer Income Tax AssistanceA national VOLUNTEER program assisting families at tax time.
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EITC and CTC are tax credits designed to promote work and to lift families out of poverty.
They are only available to people who file federal tax returns.
• EITC (EIC): Earned Income Tax Credit/Earned Income Credit
• CTC: Child Tax Credit/ Additional Child Tax Credit
• American Opportunity Tax Credit/ Lifelong Learning Credit
• Retirement Credits…• Advanced Premium Tax Credit
EITC and CTC
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• Families depend on refund of withheld earnings to meet their basic expenses.
• Filing taxes is a legal obligation for almost everyone.
• Tax Prep requires reading, interpretation and computer competency.
• For-profit tax preparation services can be expensive
• Some for-profit and online services entail predatory loans and deceptive practices.
Why VITA and EITC?
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Tax returns are required to access:
HEALTH:• health insurance premium credits
EDUCATION:• student financial aid (FAFSA)
HOUSING• home mortgages
FINANCIAL STABILITY• many government benefit programs.
Why VITA and EITC?
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Tax Refunds
return money to
the local
community.
$20 Million in 2017!
Why VITA and EITC?
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2017:
17,078*
returns;
$20.1
million in
refunds
4,613 4,496
9,223
15,815 15,75816,553
17,56618,207
19,832 19,793
21,109
17,078
$5.7 $5.5
$9.7
$16.6
$18.7 $19.1 $20.2
$21.3 $21.0
$23.7 $23.4
$20.1
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Returns Filed Dolllars Returned (in Millions)
*includes United Way VITA, United Way MyFreeTaxes, AARP, Ohio Benefits Bank
IMPACT
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• Greeting
• Intake/Screening
• Tax Preparation
• Quality Review
• E-filing
WHAT HAPPENS AT A TAX SITE?
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WHAT MAKES A GOOD TAX VOLUNTEER?
Personable and friendly
High ethical standards
Enjoy solving puzzles
Willing to ask questions
Enjoys computers
No math needed
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INDIVIDUALS• Greeters
• Tax Preparers
• Tax Reviewers
• Tax Coaches
• Interpreters
• Technology Help
• Site Coordinators
VOLUNTEER OPPORTUNITIES
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TRAINING:• November – January
• 12 hours
• Fridays or Saturdays
TAX SEASON: • January 20-April 17, 2018
MINIMUM COMMITMENT: • At least 3 shifts/season
• Each shift is 4 hours on a weeknight or Saturday (some weekdays available)
TIME COMMITMENT
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IRS CERTIFICATION• Online and classroom training
• Certification is an annual online IRS test
• More complex than actual tax returns
• Up to 18 CEUs for CPAs, CFAs and Attorneys
• Certified volunteers are protected from liability
ASSURING QUALITY• Strict code of ethics
• New volunteers shadow experienced volunteers
• Multiple volunteers review each return
• Experienced coordinator onsite
QUALITY AND CERTIFICATION
Volunteer Protection ActPublic Law 105-19, Volunteer Protection Act of 1997 (VPA) Protects volunteers from liability for acts they perform within the scope of their responsibilities as a volunteer.
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WHEN AND WHERE
Ohio:• Hamilton County: Bond Hill, Evanston, Finneytown, Harrison,
Madisonville, Millvale, North Avondale, Price Hill, Springdale, Over-the-Rhine.
• Butler County: Fairfield, Middletown
• Clermont County: Mt. Carmel, Loveland
Indiana: Aurora, Lawrenceburg
Kentucky: Newport, Covington, Florence, Williamstown
http://www.makeworkpay.com/tax-assistance/tax-site-locations/
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1. SIGN UP: • Attend orientation session; respond to follow up email.
• Review locations and timing (www.uwgc.org/tax-help)
2. Training Classes:Sign up at: http://www.makeworkpay.com/volunteer/training-calendar/
• Introduction to VITA
• Basic Tax Preparation Part 1
• Basic Tax Preparation Part 2
• TaxSlayer software navigation and testing
• Optional specialty classes for experienced volunteers
3. Certify:
• Take your test online
4. Schedule and Volunteer
5. Celebrate!
NEXT STEPS- INDIVIDUALS