Stressed about your taxes? You’re in good company. It’s nearly that time of year where millions of Americans gather around their dining room tables, encircle themselves in end-of-year financial statements, and let out a collective groan.
It’s no stretch to say the American tax code is complex — notoriously so. And with that in mind, the University of Iowa’s accounting fraternity, Beta Alpha Psi, will be providing free income tax preparation assistance from 5:45-8:45 p.m. at the Iowa City Public Library (ICPL) this Wednesday, Jan. 27.
The event is part of the IRS’s Volunteer Income Tax Assistance (VITA) program, which works with volunteers in an effort to provide tax assistance workshops at hundreds of locations across the country.
Wednesday’s workshop is aimed at individuals with simple tax returns who cannot afford professional tax assistance. To be eligible, participants’ gross income cannot exceed $53,000. Those who are self-employed, have received income from states other than Iowa, are non-U.S. Residents or have sold stocks and bonds, are not eligible for this service (Sorry, freelancers!).
Participants should bring their 2014 Federal and Iowa income tax return, if applicable, as well as any pertinent interest and withholding statements. Those planning on making deductions should also bring their applicable receipts.
Volunteers will be available at the ICPL’s Computer Lab, Meeting Room D and Meeting Room E on the second floor from 5:45-8:45 p.m.