WASHINGTON (5/2/12)--Applications for the Internal Revenue Service's Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) grant programs will be accepted until May 31, the IRS has announced.
The TCE Program offers free tax help to taxpayers who are 60 and older, and VITA offers free tax help to people earning $50,000 or less. Many credit unions offer these forms of tax preparation assistance.
Credit unions and community organizations that take part in the VITA Program receive IRS-provided training in the preparation of basic tax returns and establishment of tax preparation sites. Organizations that apply for funding in this round may receive annual VITA funding for as many as three years.
The IRS in a release noted it awarded $5.6 million in funds to 30 TCE grantees ahead of the most recent tax filing season. A total of $12 million was awarded to 213 VITA grantees in that same time period, and the IRS said the two programs had processed more than 2 million returns as of April 9.