IRS Deadline for Applying for TCE and VITA Tax Preparer Grants is June 17

The Internal Revenue Service (IRS) has announced that it has extended the deadline for accepting applications for the Grants for Old Age Tax Advice (TCE) and Voluntary Income Tax (VITA) grants to June 17, 2022.

Deadline for TCE and VITA Tax Preparer Grants is June 17

The two programs are part of the IRS’s partnerships with organizations across the country to help the elderly and underserved communities get free tax filing services. The scholarships are available to partner organizations in the community, including nonprofits, faith-based organizations, and community centers. In addition, the IRS provides training, certification, and oversight in tax law to equip these organizations to prepare accurate returns.

The IRS’s Tax Advice Grant Program for the Elderly (TCE) was established in 1978 to provide tax advice and grants to eligible organizations that provide free tax assistance to individuals 60 years of age or older. The funds also provide training and technical assistance to the volunteers who provide free federal income tax assistance to the elderly and also reimburse volunteers for their out-of-pocket expenses; including transportation, meals and other expenses they incur in providing tax advice to taxpayers.

The Volunteer Income Tax Assistance (VITA) program is a federal grant program that assists community organizations in providing free tax preparation services to low- and middle-income individuals, the disabled, the elderly, and limited numbers of English speakers. This allows taxpayers to receive personalized assistance from local, IRS-certified volunteers. The program provides free tax assistance to people who earn $54,000 or less in general in community and neighborhood centers, libraries, schools, shopping centers and other convenient locations.

The two programs provide volunteer training that helps prevent the IRS from performing additional verification and reduces the time taxpayers spend correcting errors in filing tax returns.

How do you qualify?

To be eligible for funding under the VITA Grant program, applicants must be a private or public non-profit organization that meets the following requirements:

Comply with federal tax and information reporting requirements Be able to provide matching funds on a dollar-for-dollar basis for all awarded VITA funds Eligible for federal financial assistance Have an audit completed when required by 2 CFR Part 200, Subpart F – Audit RequirementsVal required timely reports as a previous VITA or TCE grant recipient Eligible Organization.

Last year, the IRS awarded 34 TCE beneficiaries $11 million and 300 VITA beneficiaries $25 million to help file nearly 1.6 million tax returns nationwide for free.

Where you can get support with completing the tax

Filing a tax return may seem difficult, but choosing a method of filing doesn’t have to be. You can hire a tax preparer or opt for the various tax filing options available for free, both in person and online. In addition to accepting tax filing through mail and tax preparers, the IRS also offers free filing software where taxpayers can file electronically.

The IRS encourages e-filling because the tax software does the calculations, identifies common errors, and reduces tax return errors by asking taxpayers for missing information. Small businesses that find tax filling overwhelming can enlist the support of small business tax authorities. These can help you do your taxes by offering accounting, payroll and tax solutions to help your business keep your accounting processes in check.

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