Allegheny students help residents save $90,000 in income tax preparation fees
April 20, 2015 — The Meadville Volunteer Income Tax Program (VITA), which prepared free 2014 federal, state and local tax returns for area residents at the Meadville Public Library from Feb. 2 to April 11, is pleased to share that it prepared 900 tax returns this year, a 15 percent increase from the number of returns completed last year.
According to Dr. Stephanie Martin, Allegheny College associate professor of economics, the 900 federal income tax returns – prepared at no cost to local taxpayers – represented a savings of approximately $90,000 in income tax preparation fees for area residents. The program’s acceptance rate on e-filed returns continues to improve as well, with a rate of more than 96 percent this tax season.
The majority of returns are prepared by trained Allegheny College students, says Martin, who is in her sixth year overseeing the Meadville VITA program. (more…)