Wed, 03/09/2016 –
Vermont Business Magazine On Thursday, March 10, Mary Peterson, the Commissioner of the Vermont Department of Taxes will be joined by Barre Mayor Thom Lauzon, local government officials and local community leaders in Montpelier to urge eligible Vermont residents to use the IRS and Vermont Free File programs to save money and time during this tax season. Free File is a public-private partnership between the Internal Revenue Service (IRS) and tax preparation software companies, which provides millions of people access to brand name software to prepare and securely file their taxes at no cost.
The software uses a simple interview-style process to help people identify all the credits and deductions for which they are eligible. Each year, tens of thousands of taxpayers receive a smaller refund because they fail to claim these credits and deductions. For instance, those who are attending or whose children are attending college are eligible for the American Opportunity Tax Credit, which allows them to receive up to $2,500 to cover education expenses ranging from tuition to textbooks.
Vermont is one of 20 states plus the District of Columbia that have formed state Free File programs, enabling eligible taxpayers to file both their federal and state tax return online for free. Since its debut in 2003, over 40 million taxpayers have saved more than $1.3 billion in tax preparation costs through the IRS Free File program.
WHO: Mary Peterson, Commissioner, Vermont Department of Taxes
Mayor Thom Lauzon, Barre and local government officials
Grant Peterson, Internal Revenue Service
Cristina Munoz, Intuit Financial Freedom Foundation
Dave Macklin, Computer & Communications Industry Association (CCIA)
WHAT: Encouraging eligible Vermont residents to use the IRS and Vermont Free File Programs and save money this tax season
WHEN: Thursday, March 10, 2016
10:00 AM EST
WHERE: Vermont State House
Battle of Cedar Creek Room
115 State Street
Montpelier, VT 05633
To access the Vermont Free File program, visit http://tax.vermont.gov/individuals/free-file(link is external). For the IRS Free File program, visit www.irs.gov/freefile(link is external). More information about the program is also available at CCIA’s website, www.taxprephelp.org(link is external), where taxpayers can also submit their Free File success stories.