SNHS and the University of New Hampshire are once again partnering to bring the successful free tax preparation program to Earned Income Tax Credit (EITC) eligible residents this year. For the 15th year, SNHS’ Volunteer Income Tax Assistance (VITA) Program has opened, albeit ‘virtually’, for free tax preparation with support from UNH accounting students.
This free tax preparation program is available to individuals and families with household incomes up to $57,000 annually. Taxes are prepared by IRS-certified volunteers who assist low-to-moderate income residents of the state to access the greatest amount of refunds.
The EITC is a support for working people who don’t make a lot of money. According to the IRS, about 1-in-5 eligible New Hampshire residents fail to file for the EITC, leaving an estimated $37 million unclaimed.
The Volunteer Income Tax Assistance (VITA) Program continues to be one of the most effective ways NH residents can become more financially stable. The Earned Income Credit, combined with the Child Tax Credit, has helped to lift more than 16,000 New Hampshire residents out of poverty, on average, over the past three years.
MyFreeTaxes.org is also available to those who would like to file their taxes at no cost but who don’t need guidance from a certified VITA staff or volunteer.