Indiana University Northwest
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IU Northwest School of Business offers free tax preparation

Families making under $50K annually are eligible for service

Wednesday Jan 16, 2013


Beginning Friday, Feb. 1 and continuing on most Friday evenings through April, Northwest Indiana families with less than $50,000 annual income may take advantage of the Volunteer Income Tax Assistance (VITA) program at the Indiana University Northwest School of Business and Economics. This service provides free electronic tax filing of federal and state returns for local families.

VITA sessions take place by appointment on Friday evenings from 5 to 8 p.m. in the Dunes Medical/Professional Building at IU Northwest, located just a half-mile from I-80/94 at Broadway in Gary.

Families are asked to bring all W-2 forms, 1099’s, Social Security and government payment notices, any tax rebate amounts received, and any other notices of income, mortgage interest, taxes paid, qualified tuition payments, contributions, rents paid, names and addresses of landlords, and any other tax-related information, as well as all family and dependent Social Security cards and birthdates. 

There are no charges for this service and refunds are typically received within 10 days.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

The tax preparers will work with individuals to explain the changes in tax laws that may increase a refund. For 2012, there are changes in exemption amounts, standard deductions and capital gains rates. Student or their parents may qualify for an expanded American Opportunity Education Credit. Some families can benefit from the Lake County Real Estate Tax Credit or the Unified Credit.

To provide this popular service, the IU Northwest School of Business and Economics and the Accounting and Business Student Organization have teamed with Northwest Indiana Community Action and the Internal Revenue Service. Business and accounting students at IU Northwest are trained by faculty members and Internal Revenue Service representatives to prepare the tax returns.

For more than 30 years, students with IU Northwest’s AACSB-accredited School of Business have received practical, hands-on experience in tax preparation and customer service, while Northwest Indiana families have enjoyed access to free tax-preparation services. This service is part of the university commitment to community engagement.

For information about parking policies at IU Northwest, including a new process for temporary permits, visit http://www.iun.edu/parking/parking-permits/index.htm.

For more information or to make an appointment, contact the IU Northwest School of Business and Economics at (219) 980-6552.

About Indiana University Northwest

As one of seven Indiana University campuses, IU Northwest leads the region as the premier, urban campus dedicated to serving the needs of more than 6,000 students from the state’s most diverse and industrialized region. Committed to helping its local Northwest Indiana communities thrive, IU Northwest is best-known for providing a personal, quality and affordable education close to home.  IU Northwest positions its students to be leaders with more than 70 undergraduate, graduate and pre-professional degree options available from the College of Arts and Sciences, the College of Health and Human Services, the School of Business and Economics, and the School of Education. The campus is also host to IU School of Medicine-Northwest, which actively involves students in research and local healthcare needs through its four-year medical doctorate program. For more information, please visit www.iun.edu.

 

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