Students from University at Buffalo’s School of Management will once again offer free tax-preparation services to low-income individuals and families, to help them maximize refund opportunities while avoiding typical preparation fees ranging from $100 to $300.
The accounting students, certified and trained by the IRS, will provide the service to those with incomes below $53,000 from 9:30 a.m. to 4:30 p.m., on both the North and South campuses, on a first-come, first-served basis. The service will be available on the South Campus, at 100 Allen Hall, on Feb. 6, 7, 13, 14, 20, 21, 27 and 28 and March 5, 6, 12 and 13. It will be offered on the North Campus, at 112 Jacobs Management Center, on March 26 and April 2, 3, 9 and 10.
The tax preparation help, coordinated by UB’s chapter of Beta Alpha Psi and the UB Accounting Association, is especially useful for those who qualify for earned income tax credits of up to $5,028 for a family with two children, which can lower or eliminate taxes or even yield a refund.
To get help, taxpayers must bring proof of identification, an original Social Security card for each filer and dependent, dates of birth, wage and earning statements from all employers, interest and dividend statements, Affordable Health Care Act statements, a copy of last year’s federal and state tax returns, the total amount paid for day care and the provider’s tax ID or Social Security number, and bank routing and account numbers for direct deposit of refunds.