Volunteer Income Tax Assistance (VITA)
Arkansas Asset Builders has helped households in our community to claim over $1.5 million in federal and state tax refunds over the past five years. This includes money from Earned Income Tax Credits (EITC), Child Tax Credits, Recovery Rebate Credits (from missed stimulus payments), education credits, and more. Every dollar that we return to our community helps hardworking individuals and families make ends meet and generates up to 10x its value in local economic activity.
By providing free tax preparation, we help our clients avoid costly tax preparation fees and predatory tax-time financial products that can reduce the value of a family’s tax return by hundreds of dollars. We estimate that each return our volunteers prepare saves our clients $250 in fees—a total of nearly $100,000 in fees avoided annually for our clients.
Our free tax preparation services are provided by IRS-certified volunteers and are available to qualifying low- and moderate-income individuals and families. For details about our hours of operation, program requirements, or what to bring to the tax site, click here!
Free Online Tax Return Self-Preparation
Arkansas Asset Builders has teamed up with MyFreeTaxes.com to help you file your taxes online with the help of certified VITA volunteers. Any household with income under $73,000 can file federal and state taxes online absolutely free and get live technical or tax-law assistance via chat support from IRS-certified volunteers.
Additional IRS FreeFile software options are available to qualifying households with income less than $73,000. Check the requirements of each program to make sure that you can file for free before starting your return. IRS FreeFile software is available annually from January 15 through October 15. Click here for more information on how to choose the right self-prep software option for you.
Financial Literacy Programs
We are currently developing financial literacy programs that will meet the needs of our local community. Possible topics include: setting financial goals, developing and managing a spending plan, choosing financial products and services, understanding credit, managing debt, saving for college, understanding the basics of investing, and saving for the achievement of a financial goal. Please contact us with suggestions for topics of interest to you.