Here's Why More People Could Lose Out on Free Tax-Filing Help This Year
Filing a tax return can be a daunting prospect for some people, especially those who are technologically challenged. Furthermore, lower earners often don't have to file a tax return, but by not doing so, they miss out on key money-saving opportunities. The Earned Income Tax Credit, for example, is a fully refundable credit designed to help low-income households, but those who neglect to file a return lose out on it.
It's for this reason that help is generally made available to Americans through the Volunteer Income Tax Assistance (or VITA) program. For over 50 years, the program has offered free tax-filing assistance to people who:
But this year, that free help may look a lot different because of the pandemic. And countless tax filers could lose out on it as a result.
Source Fool.com
