Tax Preparation Program

Do you need assistance filing your income taxes? Do you want to know if you are eligible for the Earned Income Tax Credit? We can help.

Overview-Tax Program

Capstone is NOT currently providing ANY tax preparation service.

We will post notification when the service is resumed.

The IRS and the State of Vermont have extended the tax filing season to July 15, 2020. This is automatic and applies to everyone. You will not be penalized for "late" filing.

You may continue to file sooner if you are able, but you are not required to. Those who wish to, may file on their own online at the IRS and State Tax Dept. websites.

If you had already dropped off your tax materials with us before we suspended the tax service, we will complete them and contact you when they are done.

Please call our dedicated tax line at 477-5148 for the latest updates. Leave a clear message with your name and number and we will call you back as we are able.    Or you may email: cedinfo@capstonevt.org.

Through our VITA program we do basic tax retuns for taxpayers with annual incomes up to $56,000.  We also prepare basic Schedule C's for the self employed BY APPOINTMENT. Our sites include the Capstone office and the Aldrich Public Library in Barre, Kellogg-Hubbard Library in Montpelier; the new Capstone office in Morrisville, Brown Library in Northfield, Capstone office in Randolph, Vermont Law School in South Royalton and the Town Hall in Waitsfield. 

2020 VITA Income Tax Preparation Schedule: (see note above)

 

Want to prepare and file your own taxes?  Go to:  www.myfreetaxes.com  No charge for those earning $64,000 or less; there may be a nominal fee for state filing for those who earn more.

 

Volunteer Income Tax Assistance (VITA)

Capstone has been preparing tax returns for lower income central Vermonters for nearly 25 years. Dedicated volunteer tax preparers will help you electronically or traditionally file your federal and state taxes and ensure that you receive your Earned Income Credit, Child Tax Credit and any other credits for which you qualify, including Renter's Rebates. We also file VT Home Declarations. The VITA program is supported by the Internal Revenue Service and Capstone Community Action.
 

In response to the COVID-19 virus, Capstone is NOT doing tax preparation at this time.

Both the IRS and Vermont Departement of Taxes have extended the filing deadline to July 15, 2020 for everyone, without penalty. You do not need to apply for an extension - it is automatic.

Capstone hopes to resume tax preparation service at some point in the future, right now we don't know when that will be, but we will post that information on our website when it is determined. 

If you had already dropped off your tax paperwork with us, we will complete it and get in touch when it is done. 

Please call our tax line at 477-5148 for the latest information regarding the VITA tax program. Please leave a clear message with name and phone number and we will call back as we are able. You may also contact us at cedinfo@capstonevt.org

Please note that if you are married, filing jointly, you and your spouse must both sign your tax returns. All adult filers must show photo ID and have social security cards for everyone on their return.
 

 

 

Contact Us at the Tax Preparation Program

For questions about our Volunteer Income Tax Assistance (VITA) program, contact cedinfo@capstonevt.org or call our Tax Line at 802-477-5148.

 

 

Do you want to volunteer to prepare taxes? Capstone needs you!

This tax season, Capstone is once again teaming with the IRS to be a Volunteer Income Tax Assistance (VITA) site and we are actively recruiting volunteers to prepare and file 2018 tax returns for income-eligible central Vermonters.

No experience is necessary; orientation and training are offered in the months of December and January. We supply all of the materials and equipment for you to become an IRS-certified VITA volunteer. You gain a great skill while helping your community!

Volunteer commitment time is based on your schedule and availability, including at least one experienced preparer per shift. Typically, volunteer tax preparers spend approximately one day per week (4 hours), during the months of February through mid-April at a Casptone tax site location they choose.   

If you are interested in this great opportunity to engage with your community, look no further than Capstone’s VITA program. Contact Laura Sudhoff, lsudhoff@capstonevt.org or 802-477-5176 our tax progam coordinator to learn more or to register to volunteer. 

Please call our Tax Line for all other tax-related questions, comments or concerns: 477-5148

VITA 2020 Tax Season Schedule

Capstone is not currently offering tax preparation services, we will post here when (if) we resume.

Both the IRS and VT have announced automatic extensions to file until July 15, 2020 with no penalty.

You may call our dedicated tax line at 802-477-5148 for the most recent information. Please clearly leave your name and number and we will call you back as able. Or you may email cedinfo@capstonevt.org.

 

 

Using our VITA tax service is FREE and you get your refund as quickly as you would from paid preparers. 

Our filing service includes both Federal and State returns and is free to qualifying taxpayers - those with annual incomes up to $56,000. We can also file for folks who only need a Renter's Rebate or Homestead Declaration.  We will prepare basic Schedule C's for the self -employed by appointment ONLY.

Our VITA volunteers are IRS-trained and certified. We use IRS-specified computer software to prepare your return. You then have the choice of having us e-file your returns or to print out the forms for you to mail. Likewise, you may elect to recieve your refund electronically directly to your bank or have a check mailed to you.

Looking to Save Money?  Consider splitting your tax return between your checking account and savings account!  It's easy--you provide your account numbers and bank or credit union routing numbers, decide on an amount you want deposited to each account, and we will enter the information on the proper tax form.

Before coming in to have your tax return prepared, please be sure you have ALL the required documents. All filers will need to present a photo ID for all adults on the return and Social Security CARDS for all people (including dependents) listed on the tax return. If married filing jointly, both spouses will need to sign the returns. And don't forget your checking and savings account numbers and routing numbers if you want direct deposit.

2020 VITA SCHEDULE: - Not currently in effect. Please see announcement above.

See below for a complete list of items to bring with you for tax preparation (some may not apply to your situation). 

 

 

 

 

 

 

Save Some, Spend Some-Make the Most of Your Tax Return!

Many Americans look forward to tax time because it's an opportunity to use refunds to get ahead by prepaying for larger expenses, paying down existing debt, and purchasing goods that they otherwise are unable to afford during the year. It's also a great time for households to build an emergency savings account or make a deposit to a retirement account. This year, Capstone is encouraging all tax payers to deposit a portion of their refund into a savings account or a retirement account. Just think, 30-40-30!  30% to pay past debt, 40% for current use, and 30% for your future savings!

  • If you have just a checking account, ask your bank or credit union to open a savings account that you can use to save part of your tax return, or call Capstone's Liz Scharf at 477-5215 or lscharf@capstonevt.org for recommendations on low-cost starter savings accounts.
  • Not sure where to start with a retirement account? Liz can help you with that as well: Liz Scharf at 477-5215 or lscharf@capstonevt.org.
  • Bring your savings account number and financial institution's routing number to a Capstone VITA site and we will set up the split deposit of your tax refund.

Let the tax season be your opportunity to jump start your financial future!

 

Watch Laura and Liz talk about tax time on Fox44/ABC22!

Laura Sudhoff, Tax Program Coordinator, and Liz Scharf, Savings and Credit Program Coordinator, talk about filing taxes and the importance of saving a portion of your refund at tax time.

http://www.mychamplainvalley.com/news/morning-show/money-matters-tax-season-tips/644244303

 

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