Volunteer Income Tax Assistance (VITA)
Arkansas Asset Builders helped households in our community to claim nearly $214,000 in federal and state tax refunds in 2017. This included over $75,000 in Earned Income Credit (EIC) and over $30,000 in Child Tax Credit (CTC) refunds—money that especially helps parents and families make ends meet. 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. In the 2018 filing season we will be partnering with SaveYourRefund to offer additional incentives for our clients to save a portion of their refund, including the chance at one of two $10,000 grand prizes!
Arkansas Asset Builders will provide free tax preparation services again during the 2018 filing season, beginning in late January. These services are provided by IRS-certified volunteers and are available to qualifying individuals and families whose annual income is less than $54,000. Our tax site is located at 608 E Robins Street (CoHO building) in Conway, AR. Additional information is available on our VITA page or by emailing firstname.lastname@example.org.
Online Tax Return Self-Preparation
Households whose annual income is less than $64,000 can file federal and state taxes online absolutely free using MyFreeTaxes.com. The IRS also provides filers using this service with a Help Line, 1-855-MY-TX-HELP (1-855-698-9435), for technical and tax-law assistance. MyFreeTaxes.com and the MFT Help Line are available from mid-January through October 15. Additional information is available on our Self-Prep Taxes page.
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.