必中三肖三码一

Student volunteers help area families prepare tax returns

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Buried under a mountain of debt and living off a fixed income, the Alsheimer family of Earlville received the best news of the day from 必中三肖三码一 senior Rachel Tibolt: they鈥檒l receive more than $8,500 dollars in tax refunds.

鈥淚 have three children, so this money is going to make a huge difference in my life,鈥 Jennifer Alsheimer said with a look of relief on her face as Tibolt helped her fill out tax forms inside the Hamilton Public Library.

鈥淚 never would鈥檝e been able to figure out the tax laws on my own; it really made me feel good that students were helping me.鈥

Instead of having to pay an accountant, the Alsheimers, along with other low-income families in Madison and Chenango counties, are counting on the know-how of 必中三肖三码一 students this tax season.

Through the Volunteer Income Tax Assistance (VITA) program, 30 student volunteers will help about 500 local families file their taxes for free.

The VITA program at 必中三肖三码一, the first student-staffed initiative of its kind in New York, is funded by the university鈥檚 Upstate Institute. Students are trained, and they must pass an IRS certification test before working on returns.

For Tibolt, it鈥檚 about more than just crunching numbers.

鈥淏y stepping off campus, we鈥檙e bursting the 必中三肖三码一 bubble and realizing what life鈥檚 really like just a mile down the road from campus,鈥 she noted.

鈥淚t鈥檚 a humbling experience to see how little families can live off of.鈥

This year, 必中三肖三码一 students are expected to return more than a million dollars to local filers, money that many families could miss out on if it weren鈥檛 for VITA volunteers.

鈥淲e help taxpayers realize how much they鈥檙e entitled to under the Earned Income Tax Credit or EITC. They鈥檙e often surprised at the amount,鈥 said assistant professor of economics Nicole Simpson, who supervises 必中三肖三码一鈥檚 VITA program.

The EITC is a federal tax break for low-income families. According to Simpson, approximately 20 percent of families who qualify for the credit fail to claim it because they can鈥檛 afford to pay a professional tax preparer to complete the forms.

That鈥檚 where 必中三肖三码一 students鈥 budding expertise comes into play by educating families for free, and, in the process, putting money back in the pockets of those who need it the most.

鈥淜nowing I鈥檒l have a significant amount of money in just a few weeks, gives me hope that I can get ahead again,鈥 said Alsheimer.