VITA Tax Prep Services

During tax season, IRS-trained UVA Community Credit Union employees can assist eligible taxpayers with preparing and electronically filing basic federal and Virginia state returns free of charge through the federal Volunteer Income Tax Assistance (VITA) program and our participation in the Cville Tax Aid Coalition. Tax returns that are efiled can help individuals receive refunds in as little as 7 to 10 business days!

If you earned $55,000 or less from wages, self-employment or farming you might qualify. Eligible workers can get their Earned Income Tax Credit (EITC) only if they file federal income tax returns – even if they are not otherwise required to file – and specifically claim the benefit.

Tax preparation services for 2018 (tax year 2017) are now closed for the season. Please check back in January 2019 to schedule an appointment to have your 2018 taxes prepared.

Why does the Credit Union provide free tax preparation services?

One of our primary goals is to help improve the financial lives of our community residents. Unfortunately, a large number of individuals don't realize they qualify for free tax preparation through VITA and are paying high fees for simple tax preparation and excessive interest for Refund Anticipation Loans or checks.
 
A significant number of people also fail to claim tax credits for which they are eligible, namely the Earned Income Tax Credit (EITC). The Earned Income Tax Credit is a refundable tax credit for people who work but do not earn high incomes. Taxpayers who qualify and claim the credit could pay less federal tax, pay no tax, or receive a refund

Unfortunately, statistics show that as many as 25% of eligible taxpayers fail to claim the Earned Income Tax Credit. This means many families across the nation, and including in our community, are collectively losing millions of dollars each year in unclaimed tax credits. UVA Community Credit Union wants to help these individuals/families claim the tax credits they deserve, allowing them to use these funds to help secure their financial future.

Last year alone UVA Community Credit Union’s volunteer sites prepared over 532 tax returns with an estimated economic impact of more than $1,200,000.

Other Useful Tax Links:
Virginia Department of Taxation
IRAs
Financial Planning
Social
Security Administration
District Office Social Security Administration

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