Greater Nashua taxpayers with a household income of $53,000 or less can have their 2014 federal income tax returns prepared for free at one of five area locations beginning Monday, February 2.
Free tax help is offered through the Greater Nashua Asset Building Coalition. Volunteers who are trained and certified on IRS-approved software will help filers prepare their 2014 federal income tax returns and determine whether they qualify for the Earned Income Tax Credit (EITC) and other tax credits.
Free tax returns prepared by coalition volunteers for tax year 2013 brought over $3.3 million in refunds back to Nashua-area households (a 6 percent increase over the previous year); more than $12.1 million has been returned to the region over the past five years through the efforts of asset building coalition volunteers.
The EITC, which is designed to supplement wages of low-to-moderate-income workers, can increase an eligible family’s tax refund significantly. Last year, 10,044 Greater Nashua filers claimed $19,475,499 in EITC. According to the IRS, the average EITC claimed in Greater Nashua last year was $1,452 with City of Nashua filers averaging a credit of $2,034; the average EITC claimed in New Hampshire was $1,931.
The number of families living in poverty in Greater Nashua has increased by one-third during the past decade. According to research conducted by the IRS, approximately 22 percent of families eligible for the EITC in 2010 failed to claim it. By partnering with the IRS, the Greater Nashua Asset Building Coalition is helping local families gain financial knowledge and skills that will elevate them above the poverty line and help them become financially stable.
Research finds that the EITC encourages work, reduces poverty and leads to long-term gains in child health and academic success. The EITC, combined with the Child Tax Credit, lifted more than 9 million people – 5 million of them children — out of poverty in 2013. The credits also help 22 million lower-income Americans have further financial stability.
EITC allowances vary with income levels, filing status, and number of children. This year, families qualify for the earned income tax credit as follows for a couple filing jointly:
- Three children and an annual income of $52,527 or less = EITC of $6,143
- Two children and an annual income of $49,186 or less = EITC of $5,460
- One child and an annual income of $43,941 or less = EITC of $3,305
- No children and annual income of $20,020 or less = EITC of $496
Tax Preparation Dates, Times & Locations
Under the leadership of AARP’s Steve Mandra free tax help is expanding from four to five sites in Greater Nashua this year. In many cases, an appointment is not needed; however some sites require appointments, and the Nashua Public Library requires appointments for Saturdays. See the attached free tax help coupon for details, including information and documents you should bring with you.
Nashua Public Library
2 Court Street, Nashua
February 2 – April 15
Mondays and Wednesdays, 10 AM-7 PM
Fridays, 10 AM-2 PM
Saturdays (2/14 & 2/21)* 9:30 AM – 12:30 PM
* – Additional Saturdays may be added; call 2-1-1 for information.
Nashua Senior Activity Center
70 Temple Street, Nashua
February 5 – April 9
Thursdays, 9 AM-1 PM
Wadleigh Public Library
49 Nashua Street, Milford
February 3 – April 14
Tuesdays, 9:30 AM-2 PM
Thursdays, 3:30-6:30 PM
6 Henry Clay Drive, Merrimack
February 2 – April 14
Mondays, 9:30 AM to noon
Call (603) 881-7778 for appointment
Hudson Public Library
194 Derry Road, Hudson
February 2 – April 14
Mondays 9:30 AM-2:30 PM
Saturdays 9:30 AM-2:30 PM
Call (603) 886-6030 x 4522 for appointment
To locate additional tax preparation sites in New Hampshire, call 2-1-1, United Way’s statewide toll-free information and referral service.
Members of the Greater Nashua Asset Building Coalition include: the Internal Revenue Service; NH AARP Tax-Aide Program; The Front Door Agency; University of NH Cooperative Extension; Nashua Soup Kitchen & Shelter; YMCA of Greater Nashua; Southern NH Services; Adult Learning Center; City of Nashua; Triangle Credit Union; and United Way of Greater Nashua.
Liz Fitzgerald is Director of Community Impact for United Way of Greater Nashua.