COLORADO SPRINGS, Colo. – Jan. 21, 2016 – This tax season, Pikes Peak Community College (PPCC) is partnering with the Denver-based Piton Foundation to provide free tax preparation assistance to low- to moderate-income families through the Tax Help Colorado program. Beginning Saturday, Jan. 30, 2016, IRS-certified PPCC accounting students will prepare and e-file tax returns free of charge for individuals with household incomes of less than $53,000 a year.
The service is quick and confidential and will be offered from 8:30 a.m. - 4:30 p.m., Saturdays, through March 19 at PPCC’s Centennial Campus, 5675 S. Academy Blvd., Aspen Building, 2nd floor Rotunda.
Tax Help Colorado has a presence on 17 college campuses and operates 26 free tax sites statewide. More than 30 percent of Colorado families are eligible to participate in the program, which was created to help alleviate the financial burden of tax preparation on these households.
Many of these families are also eligible for tax benefits such as the Earned Income Tax Credit and Child Tax Credit, and the preparers at PPCC’s site specialize in ensuring that taxpayers receive all the refunds they deserve.
In addition, for the first time in 15 years, low- to moderate-income workers can now also claim a state EITC, which is 10 percent of the federal EITC.
In 2015, PPCC students filed 775 returns, helping local taxpayers claim more than $1.6 million in state and federal refunds.
Tax Help Colorado helped nearly 10,800 taxpayers receive $20.4 million in refunds statewide, including nearly $8 million from the Earned Income Tax Credit. In addition, the program saved lower-income taxpayers nearly $2.8 million in commercial tax preparation fees.
People who are getting their taxes prepared should bring the following documents:
- All W-2, 1099s and other income-related documents.
- Proof of mortgage interest, property taxes, daycare payments, college education expenses, charitable contributions and all other tax-deductible expenses.
- For college expenses: In addition to Form 1098T from your college, you must bring your own records of expenses, paid for tuition, books, fees and supplies.
- To report health coverage, you will need one of the following forms: 1095-A, 1095-B and/or 1095-C.
- If you received a tax credit to lower the cost of paying health insurance, bring form 1095-A, which you received from Connect for Health Colorado.
- Social Security cards (or ITINs) for all family members. Photo I.D. for taxpayer is required.
- A copy of last year’s tax returns, if available.
- Bank account number and routing number to direct deposit the refund. With direct deposit, refunds are received in 10 to 14 days.
For event questions, please contact Melissa Allen, PPCC Accounting faculty, at email@example.com or 719.502.3187.
A list of all the Tax Help Colorado sites, as well as locations of other free tax assistance sites in Colorado, is available by dialing 2-1-1 (it’s a free call), visiting www.piton.org/eitc, or finding Tax Help Colorado on Facebook (facebook.com/taxhelpcolorado) and Twitter (@TaxHelpCo).
Local media is invited to visit this free tax site during tax season and interviews can be arranged with student tax preparers and tax site clients. To schedule a visit, please contact Karen Kovaly at 719.502.2082 or firstname.lastname@example.org.
Pikes Peak Community College is in its 46th year of operation and has been accredited by the Higher Learning Commission since 1975. It is a two-year college offering 175 associate degrees and various certifications in career and technical fields. With four campuses and two military education centers in El Paso County, PPCC serves approximately 22,000 students annually.
About The Piton Foundation
The Piton Foundation, which is part of Gary Community Investments, is a private, operating foundation established in 1976 by Denver oilman Sam Gary. We are committed to improving the lives of Colorado's low-income children and their families by increasing access to quality early childhood and youth development opportunities and fostering healthy family and community environments.
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Melissa Allen, PPCC Accounting faculty